the exclusion of petroleum products leads to a
substantial increase in both imports (+3.8%) and
exports (+8.2%), which sustained the upward
trend of the past 4 months.
More specifically, according to an analysis by the
O
n one hand, the decrease in the value of
petroleum product imports and exports,
owing to substantially lower international
prices, led to substantial drops of 16.3% and
12.8% respectively. On the other hand, though,
Trade with Greece
84
The present and future
of Greek exports
Two opposite trends became manifest in the data
regarding Greece’s foreign trade in early 2015. More
specifically, in terms of the absolute value of total
exports January 2015 saw the worst performance
since 2012. However, excluding petroleum products,
exports hit a five-year high.
By Evi Papadosifakis
