Tuesday, January 25, 2011

Trade deficitit drops 44.2pct in Nov.


Greece's trade balance deficit dropped by 44.2 percent in November 2010 against the same month in 2009, according to provisional data released by the independent Hellenic Statistical Authority (ELSTAT) on Tuesday.

    The deficit of the trade balance in November 2010 amounted to 1470.9 million euros (1990.1 million dollars) in comparison with 2634.7 million euros (390.4 million dollars) in November
2009, recording a drop of 44.2%. The corresponding change excluding oil products recorded a decrease of 826.6 million euros or 37.3%.
    The deficit of the Trade Balance for the 11-month period from January to November 2010 amounted to 18304.8 million euros (24180.6 million dollars) in comparison with 28218.4 million euros (38923.8 million dollars) for the corresponding period of the year 2009, recording a drop of 35.1%. In the corresponding change excluding oil products, the deficit of the trade balance recorded a decrease of 4704.2 million euros or 20.9%.

    The total value of exports-dispatches for the 11-month period from January to November 2010 amounted to 14359.2 million euros (19101.0 million dollars) in comparison with 13411.3 million euros (18663.6 million dollars) for the corresponding period of 2009, recording an increase of 7.1%. The corresponding change excluding oil products recorded an increase of 850.6 million euros or 6.9%.

    According to an ELSTAT report on Commercial Transactions for November 2010 released on Tuesday, the total value of imports-arrivals for the 11-month period from January to November 2010 amounted to 32664.1 million euros (43281.7million dollars) in comparison with 41629.6 million euros (57587.4 million dollars) for the corresponding period of 2009, recording a drop of 21.5%. The corresponding change excluding oil products recorded a decrease of 3853.6 million euros or 11.1%.

    The total value of imports-arrivals in November 2010 amounted to 3074.1 million euros (4187.1 million dollars) in comparison with 3797.5 million euros (5646.8 million dollars) in November 2009, recording a drop of 19.0%. The corresponding change excluding oil products recorded a drop of 452.5 million euros or 13.8%.

    The total value of exports-dispatches in November 2010 amounted to 1603.4 million euros (2197.0 million dollars) in comparison with 1162.8 million euros (1739.4 million dollars) in November 2009, recording an increase of 37.9%. The corresponding change excluding oil products recorded an increase of 374.2 million euros or 34.7%.

source: ANA-MPA