ECONOMY

Exports grew by 37 percent in 2011

Greek exports expanded by 37 percent in 2011 from the year before, reaching 22.45 billion euros, data compiled by the Hellenic Statistical Authority (ELSTAT) indicate.

In January 2012 export turnover grew by a mere 1 percent compared to the same month in 2011 (excluding oil products), against a forecast 3.2 percent increase.

There was a considerable rise last year in exports of strawberries, smoked fish, bottled water and toys, while goods such as aluminum products, construction materials, fertilizers and data transfer gadgets have entered the list of the top 100 commodities heading abroad.

Italy proved the prime destination for local products, overtaking Germany, while Turkey rose to third, ahead of Cyprus.