Trade balance deficit recorded an increase of 18.7% in November 2024
Trade balance deficit recorded an increase of 18.7% in November 2024
  Economy  |  Greece  |  Data

Trade balance deficit recorded an increase of 18.7% in November 2024

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RE+D magazine
09.01.2025

The total value of imports, in November 2024 amounted to 7,205.6 million euros (7,637.1 million dollars) in comparison with 6,983.7 million euros (7,525.5 million dollars) in November 2023, recording an increase, in euros, of 3.2%.

According to ELSTAT, the corresponding value excluding oil products in November 2024 recorded an increase of 256.6 million euros or 4.9% and the corresponding value excluding oil products and ships in November 2024 recorded an increase of 258.7 million euros or 5.0%, in comparison with November 2023.

The total value of exports, in November 2024 amounted to 4,024.6 million euros (4,291.1 million dollars) in comparison with 4,304.3 million euros (4,665.9 million dollars) in November 2023, recording a drop, in euros, of 6.5%. The corresponding value excluding oil products recorded in November 2024 an increase of 157.5 million euros or 5.2% and the corresponding value excluding oil products and ships in November 2024 recorded an increase of 173.8 million euros or 5.8%, in comparison with November 2023.

The deficit of the trade balance, in November 2024 amounted to 3,181.0 million euros (3,346.0 million dollars) in comparison with 2,679.4 million euros (2,859.6 million dollars) in November 2023, recording an increase, in euros, of 18.7%.The corresponding value of deficit excluding oil products in November 2024 recorded an increase of 99.1 million euros or 4.5% and the corresponding value excluding oil products and ships in November 2024 recorded an increase of 84.9 million euros or 3.8%, in comparison with November 2023.

The total value of imports, for the 11-month period from January to November 2024 amounted to 77,379.3 million euros (83,685.4 million dollars) in comparison with 75,948.2 million euros (81,808.6 million dollars) for the corresponding period of the year 2023, recording an increase, in euros, of 1.9%.The corresponding value excluding oil products recorded an increase of 2,222.3 million euros or 4.0% and the corresponding value excluding oil products and ships recorded an increase of 2,178.8 million euros or 3.9%, in comparison with the period from January to November 2023.

The total value of exports, for the 11-month period from January to November 2024 amounted to 45,868.8 million euros (49,904.7 million dollars) in comparison with 47,278.3 million euros (51,228.6 million dollars) for the corresponding period of the year 2023, recording a drop, in euros, of 3.0%. The corresponding value excluding oil products recorded an increase of 401.6 million euros or 1.2% and the corresponding value excluding oil products and ships recorded an increase of 425.5 million euros or 1.3%, in comparison with the period from January to November 2023.

The deficit of the trade balance, for the 11-month period from January to November 2024 amounted to 31,510.5 million euros (33,780.7 million dollars) in comparison with 28,669.9 million euros (30,580.0 million dollars) for the corresponding period of the year 2023, recording an increase, in euros, of 9.9%. The corresponding deficit excluding oil products recorded an increase of 1,820.7 million euros or 7.8% and the corresponding deficit excluding oil products and ships recorded an increase of 1,753.3 million euros or 7.5%.