Exports up 50.0% y/y in December 2017
In December 2017, exports increased 50.0% y/y to US$ 288.2mn, imports were up 13.5% y/y to US$ 845.3mn and the trade deficit widened 0.8% y/y to US$ 557.1mn according to GeoStat’s preliminary figures. In 2017, trade deficit was up 1.3% to US$ 5.3bn as exports increased 29.1% y/y to US$ 2.7bn, while imports were up 9.4% y/y to US$ 8.0bn.
Money transfers up 16.3% y/y in December 2017
In December 2017, money transfers increased 16.3% y/y to US$ 138.4mn after growing 24.8% y/y in previous month, according to NBG. Money transfers were up from almost all major remitting countries: Russia (+8.3% y/y, 32.5% of total), Italy (+25.3% y/y, 11.1% of total), Greece (+26.8% y/y, 10.9% of total), Israel (+73.8% y/y, 9.0% of total) and Turkey (+20.0% y/y, 7.2% of total). The remittances were downs from US (-6.9% y/y, 9.5% of total). In 2017 money transfers were up 19.8% y/y to US$ 1.4bn.
