The Panhellenic Exporters Association (PEA) on Tuesday reported significant growth in the Greek exports sector during the first half of the year, with growth at 24.8% in June, to 3 billion euros from 2.4 billion in the same month in 2017 (including oil products), while exports excluding oil products grew 15.5 % to 2.07 billion euros.
The PEA stressed that the impressive growth contributes to a further reduction of the country’s trade deficit, and has created optimism for the outlook of Greek exports, despite existing hurdles such as high taxation and capital controls.
According to the report, Greek exports increased to all destinations, rising 17 % to EU member-states and 35.6 % to third countries. Excluding oil products, Greek exports grew 13.9 % to the EU and by 19 % to third countries.
Oil products (53.8 %), machinery (44.4 %), raw materials (39.7%) and industrial products (22.2 %) recorded the biggest percentage increase among export product categories, while oils (5.8 %) and alcohol/tobacco (13.9 %) suffered losses in June. In the first half, all categories recorded growth with the exception of alcohol/tobacco (-1.2 %), led by oils (35.7 %), oil products (21.9 %), machinery (18.8 %) and industrial products (16 %).
Read more at greekcitytimes.com
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: steve gibson License: CC-BY-SA
