Greek exports in decline during the first half of 2016
The capital controls that were introduced in the summer of 2016 have had a major…
The capital controls that were introduced in the summer of 2016 have had a major impact on Greek exports, as evident by the latest figures.
A report in Ta Nea reveals that during the first half of the 2016, the value of exports dropped to 11.97 billion euros, compared to 13.02 billion euros during the same period in 2015, amounting to an 8.6% drop
Indicatively, the value of exports in June 2016 was estimated to be 2.1 billion euros 6.6% down compared to 2015, when it was 2.24 billion euros. Excluding oil products the drop is about 4.5%.
Imports however have also taken a hit, dropping by 3.5% to 22.3 billion euros during the first half of the year. As a result, the trade deficit increased by 2.8% to 9.53 billion euros.