Exports up 12.7% y/y in February 2017
In February 2017, exports increased 12.7% y/y to US$ 178.9mn, imports were up 13.7% y/y to US$ 590.7mn and the trade deficit widened 14.2% y/y to US$ 411.8mn according to GeoStat’s preliminary figures. Detailed foreign trade statistics will be available on March 20, 2017.
Money transfers up 17.9% y/y in February 2017
In February 2017, money transfers increased 17.9% y/y to US$ 94.1mn after growing 26.1% y/y in previous month, according to NBG. Money transfers were up from all major remitting countries: Russia (+21.1% y/y, 32.2% of total), USA (+15.6% y/y, 10.8% of total), Greece (+8.6% y/y, 10.7% of total), Italy (+2.0% y/y, 10.5% of total), and Turkey (+54.0% y/y, 8.1% of total). In 2M17 money transfers were up 21.6% y/y to US$ 178.0mn.
