Exports up 10.0% y/y in January 2020
In January 2020, exports up 10.0% y/y to US$ 262.6mn and imports up 3.9% y/y to US$ 619.7mn. As a result, the trade deficit was flat y/y to US$ 357.1mn according to Geostat’s preliminary figures. Detailed foreign trade statistics will be available on February 19, 2020.
Money transfers up 8.6% y/y in January 2020
In January 2020, money transfers increased by 8.6% y/y to US$ 125.6mn after growing 14.2% y/y in previous month, according to NBG. Money transfers were up from Italy (+20.1% y/y, 16.8% of total), Greece (+11.2% y/y, 11.8% of total), USA (+10.2% y/y, 10.8% of total) and Israel (+6.1% y/y, 10.4% of total). Meanwhile, remittances were downs from Russia (-5.2% y/y, 20.8% of total) and Turkey (-3.7% y/y, 5.3% of total).
