Exports up 22.1% y/y in July 2017
In July 2017, exports increased 22.1% y/y to US$ 212.0mn, imports were up 6.0% y/y to US$ 636.2mn and the trade deficit narrowed 0.5% y/y to US$ 424.2mn according to GeoStat’s preliminary figures. In 7M17, trade deficit was almost flat and amounted to US$ 2.8bn as exports increased 28.9% y/y to US$ 1.4bn, while imports were up 8.5% y/y to US$ 4.2bn. Detailed foreign trade statistics will be available on August 21, 2017.
Money transfers up 20.1% y/y in July 2017
In July 2017, money transfers increased 20.1% y/y to US$ 120.9mn after growing 17.1% y/y in previous month, according to NBG. Money transfers were up from almost all major remitting countries: Russia (+14.3% y/y, 35.6% of total), USA (+15.6% y/y, 10.5% of total), Italy (+21.2% y/y, 10.0% of total), Israel (+112.5% y/y, 8.6% of total) and Turkey (+28.2% y/y, 7.7% of total), while transfers were down from Greece (-3.0% y/y, 8.8% of total). In 7M17 money transfers were up 19.8% y/y to US$ 749.9mn.
