Greece's trade balance deficit fell a further 29.5 percent in the first seven months of the year, according to provisional figures released on Monday by the independent Hellenic Statistical Authority (ELSTAT), resulting from a continuing increase in exports of products and services and decrease in imports due to a drastic reduction in domestic consumer demand.
According to ELSTAT, the deficit of the Trade Balance, excluding oil products, for the 7-month period from January to July 2011 amounted to 9989.8 million euros (13918.1 million dollars) in comparison with 14176.8 million euros (18669.0 million dollars) for the corresponding period of the year 2010, recording a drop, in euros, of 29.5%.
The total value of imports-arrivals, excluding oil products, in July 2011 amounted to 2557.2 million euros (3636.5 million dollars) in comparison with 2909.2 million euros (3704.0 million dollars) in July 2010, recording a drop, in euros, of 12.1%.
The total value of exports-dispatches, excluding oil products, in July 2011 amounted to 1386.7 million euros (1984.2 million dollars) in comparison with 1236.0 million euros (1582.9 million dollars) in July 2010, recording an increase, in euros, of 12.2%.
The deficit of the trade balance, excluding oil products, in July 2011 amounted to 1170.5 million euros (1652.3 million dollars) in comparison with 1673.2 million euros (2121.1 million dollars) in July 2010, recording a drop, in euros, of 30.0%.
The total value of imports-arrivals, excluding oil products, for the 7-month period from January to July 2011 amounted to 19071.9 million euros (26749.8 million dollars) in comparison with 22284.6 million euros (29369.2 million dollars) for the corresponding period of the year 2010 recording a drop, in euros, of 14.4%.
The total value of exports-dispatches, excluding oil products, for the 7-month period from January to July 2011 amounted to 9082.1 million euros (12831.7 million dollars) in comparison with 8107.8 million euros (10700.2 million dollars) for the corresponding period of the year 2010, recording an increase, in euros, of 12.0%.