Exports up 8.3% y/y in April 2018
In April 2018, exports growth slowed to 8.3% y/y to US$ 229.2mn, imports were up 22.0% y/y to US$ 727.4mn and the trade deficit widened 29.5% y/y to US$ 498.2mn, according to GeoStat’s preliminary figures. In 4M18, trade deficit was up 22.3% to US$ 1.9bn as exports increased 22.0% y/y to US$ 961.4mn, while imports were up 22.2% y/y to US$ 2.8bn. Detailed foreign trade statistics will be available on May 21, 2018.
Money transfers up 17.1% y/y in April 2018
In April 2018, money transfers increased 17.1% y/y to US$ 123.9mn, after growing 17.0% y/y in previous month, according to NBG. Money transfers were up from almost all major remitting countries: Greece (+35.2% y/y, 12.0% of total), Italy (+43.6% y/y, 11.7% of total), USA (+13.7% y/y, 10.2% of total), Israel (+31.7% y/y, 9.5% of total) and Turkey (+8.7% y/y, 7.5% of total). Meanwhile remittances were slightly down from Russia (-0.2% y/y, 28.5% of total). Overall, in 4M18 money transfers were up 21.0% y/y to US$ 478.9mn.
