Significant drop in trade deficit

[Damian Dovarganes/AP]

Greece’s trade shortage recorded a alteration of 18.8% successful August this year, arsenic the diminution successful the value of imports acold exceeded that of exports, the Hellenic Statistical Authority (ELSTAT) said connected Wednesday.

According to ELSTAT information connected merchandise trade, the total value of imports successful August amounted to 5.45 cardinal euros, compared with €6.26 cardinal successful the aforesaid period of 2024, showing a alteration of 13% (excluding petroleum products, there was a alteration of €173.8 cardinal oregon 3.8%, while excluding petroleum products and ships, the alteration was €222.7 cardinal oregon 4.9%).

The total value of exports reached €3.35 billion, against €3.68 cardinal successful August 2024, down by 8.9%.

The trade shortage amounted to €2.1 billion, compared with €2.58 cardinal successful August 2024. During the eight-month play (January-August 2025), the trade shortage came to €21.7 billion, compared with €22.15 cardinal successful the aforesaid play of 2024, showing a alteration of 2%.