Trade deficit down 33.3% in January - The Best from Greece

The decline in the deficit was attributed to a continuing increase in the value of exports and a decline in the value of exports.

According to a provisional report on the country's commercial transactions, the deficit of the trade balance, excluding oil products, in January 2011 recorded a drop of 33.3%. More specifically, it decreased from 1859.1 million euros in January 2010 to 1240.5 million euros in January 2011.

The total value of imports-arrivals, excluding oil products, in January 2011 amounted to 2381.5 million euros in comparison with 2774.5 million euros in January 2010, recording a drop of 14.2%.

The total value of exports-dispatches, excluding oil products, in January 2011 amounted to 1140.9 million euros in comparison with 915.4 million euros in January 2010, recording an increase of 24.6%.