Exports up 46.6% y/y in June 2017
In June 2017, exports increased 46.6% y/y to US$ 246.1mn, imports were down 0.5% y/y to US$ 638.9mn and the trade deficit narrowed 17.2% y/y to US$ 392.7mn according to GeoStat’s preliminary figures. In 1H17, trade deficit was down 0.8% y/y to US$ 2.3bn as exports increased 31.8% y/y to 1.3bn, while imports were up 8.6% y/y to 3.6bn. Detailed foreign trade statistics will be available on July 19, 2017.
Money transfers up 17.1% y/y in June 2017
In June 2017, money transfers increased 17.1% y/y to US$ 117.7mn after growing 24.2% y/y in previous month, according to NBG. Money transfers were up from all major remitting countries: Russia (+10.3% y/y, 33.5% of total), USA (+14.5% y/y, 10.4% of total), Italy (+15.5% y/y, 10.0% of total), Greece (+4.1% y/y, 9.9% of total), Israel (+105.9% y/y, 8.9% of total) and Turkey (+22.2% y/y, 8.1% of total). In 1H17 money transfers were up 19.7% y/y to US$ 629.0mn.
