Greece’s merchandise trade improved further in January, with exports rising more and imports falling as demand continued to be hit by a deep economic recession in the country.

The value of export-deliveries - excluding oil -- totaled 1.141 billion euros in January, from 907 million euros in the same month last year, for an increase of 25.8 pct, Hellenic Statistical Authority announced on Friday. The statistics service, in a monthly report, said that the value of export-deliveries - including oil - totaled 1.389 billion euros, from 992.9 million euros last year, for an increase of 39.9 pct.

On other hand, the value of import-arrivals - excluding oil - totaled 2.627 billion euros, down 13.9 pct from January 2010, while including oil the value of imports fell to 3.677 billion euros, from 3.875 billion euros in the same month in 2010.