The Greek statistics authority ELSTAT has published data showing that exports dropped by 5.5% in January and February 2014, while imports also dropped by 4.1%.
Furthermore, ELSTAT found the trade deficit to be 3.60 billion euros, compared to 3.68 billion euros in the same two-month period in 2013, marking a 2.4% reduction. If oil products are excluded, ELSTAT documented a 430.4 million euros (20.2%) increase.
The overall value of exports in the two-month period was 4.18 billion euros, compared to 4.42 billion euros in 2013, indicating a 5.5% drop. By not including oil products, the value of exports dropped by 127 million euros (4.8%).
ELSTAT’s divs also showed that the total value of imports during January and February 2014 amounted the 7.78 billion euros, from 8.116 billion euros in 2013, marking a 4.1% drop. Not including oil product, the value of imports decreased by 303.4 million euros (6.3%).
