Exports post 1% increase in January

Exports post 1% increase in January

Greek exports remain resilient, as despite the global economic recession and the multiple factors against them, they have started 2021 on a positive footing. They recorded a 1% annual increase in January, excluding fuel, according to data released on Wednesday by the Hellenic Statistical Authority (ELSTAT).

Exports excluding fuel products amounted to 2.01 billion euros, against €1.99 billion a year earlier. When fuel is included, exports declined 12.1% to €2.51 billion against €2.85 billion in January 2020.

Chemicals, food, raw materials and tobacco-alcoholic beverages were the main product categories to record an exports increase in January.

Among the factors hampering exports – besides the recession – one should include the considerable delays in the maritime transport of commodities due to fewer ships being chartered, as well as the increased costs (and delays) of raw materials and equipment that exporting enterprises require, due to the lack of containers observed in recent months.

Imports posted a major decline of 16.7% year-on-year, reaching €3.95 billion in January against €4.75 billion a year earlier.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.