Greek exports to Russia have increased, according to recent data by the National Statistics Service for the January-May 2007 period.
The data was sent by the Greek Embassy in Moscow.

According to the Greek embassy’s Economic and Commercial Department, the bulk of bilateral trade marked a 0.41% increase, from 1.530 billion euros in 2006 1.536 billion euros in 2007. The deficit against Greece retreated by 13.45% from 1.35 billion euros in 2006 to 1.17 billion euros in 2007.

Specifically, Greek exports to Russia marked a most significant increase by 106.6% from 88.3 million euros in 2006 to 182.4 million in 2007. The total of Greek exports to Russia increased by 60% against 2005.

Russian exports to Greece declined by 6.1% from 1.44 billion euros in 2006 to 1.35 billion euros in 2007.

Russia is the major supplier to Greece of natural gas, covering 85% of the country’s needs and among the third major suppliers of crude oil.