Greece’s trade deficit shrank by 23.7 pct in March this year, for a decline of 6.9 pct in the first quarter of 2016, Hellenic Statistical Authority said on Tuesday.
The statistics service, in a report on the country’s merchandise trade, said that the value of import-arrivals totaled 3.631 billion euros in March, from 4.376 billion in March last year, a decline of 17 pct (excluding oil products the value of imports fell 2.4 pct).
The value of export-deliveries amounted to 2.096 billion euros in March, from 2.364 billion in March 2015, for a decline of a 11.4 pct (excluding oil products the value of exports fell 4.7 pct).
The country’s trade deficit totaled 1.535 billion euros, down 23.7 pct from 10.122 billion in March last year (excluding oil products the trade deficit shrank 4.7 pct).
In the January-March period, the value of imports totaled 10.122 billion euros, down 8.1 pct from the same period in 2015 (excluding oil products imports fell 3.3 pct), while the value of exports fell 8.9 pct to 5.721 billion euros (excluding oil products exports eased 0.2 pct). The trade deficit fell 6.9 pct in the first quarter to 4.402 billion euros (excluding oil products the trade deficit fell 7.6 pct).
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