ECONOMY

Greek Jan-Sep trade deficit narrows to 10 bln euros as imports drop

Greece trade deficit for the first nine months of the year fell 21.6 percent to 10.05 billion euros compared to the January-September period last year, according to data published by the Hellenic Statistical Authority on Monday.

Imports during the nine-month period fell 8.7 percent to 22.5 billion euros, while exports rose by 5.3 percent to 12.45 billion euros.

The total value of imports, excluding oil products, in September 2012 amounted to 2.4 billion euros, down 14.8 percent from September 2011.

The total value of exports, excluding oil products, in September 2012 amounted to 1.3 billion euros, a 7 percent drop from a year earlier.