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The value of Greek exports increased by 7.1 percent in
the first five-month period of 2007 compared with the corresponding period of
2006, the Hellenic Foreign Trade Board (HEPO) announced on Monday.
Total exports reached the 7.06 billion-euro mark, up
from 6.60 billion in Jan-May 2006.
Conversely, in May exports dropped by 9.3 percent (1.382
billion euros) as compared to May 2006; if oil products are excluded, the
decrease during the same month is 0.6 percent. According to HEPO and the
national statistical service (NSS), the May 2007 “slide” in the otherwise hefty
year-long increase in Greek export activity is due to reduced exports of bulk
olive oil to Italian wholesalers.
In terms of the five-month period of 2007, exports to
the expanded European Union increased by a noteworthy 29.3 percent. Even more
impressive, exports to Russia posted a 106.6-percent increase, rising to 182.4
million euros.
On the down side, the trade balance worsened in May
2007, rising 7.4 percent in comparison with the corresponding month in 2006,
whereas it increased by 12.6 percent in the first five months of 2007 compared
with Jan-May 2006.
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