Greeceís trade deficit is continuing its decline according to January-September data presented by Eurostat on Monday, as it fell to 14.5 billion euros from 16.6 billion in the same period last year.
In the first nine months of the year the value of Greek exports increased to 20.8 billion euros from 19.8 billion a year earlier (up 5 percent), while imports contracted by 3 percent to 35.2 billion euros from 36.5 billion in 2012.
That means Greece still has the third-largest trade deficit in the European Union, behind Franceís (57.5 billion euros) and Britainís (55.1 billion). At the same time, other countries on the EU periphery either have a smaller deficit, such as Spainís 11.6 billion euros, or posted a surplus such as Irelandís 28.5 billion euros and Italyís 19.6 billion.
According to the EUís macroeconomic database AMECO, the value of Greek exports in 2005 prices will this year remain below that of 2007 and 2008 despite its growth.