Exports up 30.7% y/y in July 2018
In July 2018, exports increased 30.7% y/y to US$ 277.9mn, imports grew by 21.8% y/y to US$ 781.9mn and the trade deficit widened 17.4% y/y to US$ 504.0mn, according to GeoStat’s preliminary figures. In 7M18, trade deficit was up 19.8% to US$ 3.3bn as exports increased by 28.7% y/y to US$ 1.9bn and imports were up 22.9% y/y to US$ 5.2bn. Detailed foreign trade statistics will be available on August 20, 2018.
Money transfers up 19.3% y/y in July 2018
In July 2018, money transfers increased 19.3% y/y to US$ 144.2mn, after growing 14.8% y/y in the previous month, according to NBG. From major remitting countries, money transfers were up from Italy (+35.4% y/y, 11.3% of total), Greece (+40.5% y/y, 10.4% of total), USA (+17.4% y/y, 10.4% of total), Israel (+28.0% y/y, 9.3% of total) and Turkey (+9.1% y/y, 7.0% of total), while remittances were almost flat from Russia (-0.2% y/y, 29.8% of total). Overall, in 7M18 money transfers were up 18.5% y/y to US$ 888.4mn.
