during the same period, 7.09 billion euros concern
Greek products, excluding petroleum (63.7%).
Imports are also reduced
The unrelenting drop of domestic demand, as well
as the reduction of output in many sectors, are still
having an impact on Greece’s imports. In August
2013, the total value of imports fell to 3.92 billion
euros (-4.8%) from 4.12 billion euros in August
2012. This reduction is mainly due to reduced
petroleum product imports, since, if these products
are excluded, the year-on-year drop in the value of
imports in August is limited to -0.7%.
It is worth noting that imports from Third Countries
–excluding petroleum products– were up by 16%
during this period (as compared to an 8.5%
reduction of imports from EU countries).
During the first 8-months, the total value of
imports decreased by 4.8% to 31.22 billion euros,
from 32.80 billion euros in the period January-
August 2012. The corresponding figure, exclud-
ing petroleum products, was reduced by 1.11 bil-
lion euros or -5.3%.
This drop is attributed to the reduction of the total
value of imports both from the EU (-2.7%) and
from Third Countries (-6.6%). It should be noted
that out of a total of 16.87 billion euros in imports
from Third Countries during the first 8-months of
2013, 10.78 billion euros represent petroleum
product imports (64% of the country’s total
imports).
Trade with Greece
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