Greece's trade balance deficit drops 21.6pct in May, bringing 5-month decline to 30.9pct

Greece's trade balance deficit fell by a further 21.6 percent in May, resulting in an overall reduction of 30.9 percent in the first five months of the year (January-May 2011), according to provisional figures released on Monday by the independent Hellenic Statistical Authority (ELSTAT).
The deficit of the Trade Balance, excluding oil products, for the 5-month period from January to May 2011 amounted to 7219.7 million euros (9983.2 million dollars) in comparison with 10452.8 million euros (14065.3 million dollars) for the corresponding period of the year 2010, recording a drop, in euros, of 30.9%, ELSTAT said in a report.

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