Exports up 34.2% y/y in April 2019
In April 2019, exports growth accelerated to 34.2% y/y to US$ 307.4mn, while imports were down 0.5% y/y to US$ 731.0mn and the trade deficit reduced 16.2% y/y to US$ 423.6mn, according to Geostat’s preliminary figures. In 4M19, trade deficit was down 14.0% to US$ 1.6bn as exports increased by 17.9% y/y to US$ 1.1bn and imports were down 3.1% y/y to US$ 2.7bn. Detailed foreign trade statistics will be available on May 20, 2019.
Money transfers up 10.1% y/y in April 2019
In April 2019, money transfers increased 10.1% y/y to US$ 137.1mn, after growing 4.5% y/y in previous month, according to NBG. From major remitting countries, money transfers were up from Italy (+25.8% y/y, 13.5% of total), Greece (+8.6% y/y, 11.9% of total), USA (+15.2% y/y, 10.7% of total), Israel (+11.5% y/y, 9.7% of total). Meanwhile remittances were down from Russia (-2.1% y/y, 25.0% of total) and Turkey (-17.9% y/y, 5.7% of total). Overall, in 4M19 money transfers were up 7.4% y/y to US$ 516.7mn.
