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GreeceBusinessGreek exports jumped 70.4% in August

Greek exports jumped 70.4% in August

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
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Greek exports jumped 70.4% in August moving towards a new record for the year, Panhellenic Exporters’ Federation said on Friday.

In a report, the Federation said that Greek exports were moving towards a new record with the value of exports totaling 35.79 billion euros in the January-August period, approaching the level of 39.3 billion euros in the whole of 2021. However, this enthusiasm is curbed by a 52.9% jump in imports and a 29.9% widening of the trade deficit during the same period.

The report said that the oil products-fuel sector recorded the biggest percentage increase (153.5%) in August, followed by the confidentiality products (113.1%), industrial products (35.2%), food (29.9%), chemicals (26.7%), machinery (38.4%), alcohol&tobacco (16.6%) and oils (40.2%). Only the raw materials sector fell (-13.8%). However, excluding oil products, exports grew by 35.2%.

On the other hand, imports grew 52.5% to 7.69 billion euros, while excluding oil products imports grew by 26.6%.

The country’s trade deficit widened by 29.9% to 2.90 billion euros, while excluding oil products the trade deficit rose 17.2% to 2.01 billion euros.

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Exports in the January-August period grew by 43.2% to 35.79 billion euros, while excluding oil products exports rose 24.6%. Imports totaled 19.73 billion, up 49.7%, while excluding oil products imports grew 31.5%.

The trade deficit jumped 60.5% to 23.66 billion euros, while excluding oil products, the deficit rose by 42.1%.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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