Balance of trade

The trade balance of agri-food products was in surplus in three of the last four years (2020, 2021 and 2023), a positive development, but not sufficient to change the sign from negative to positive in the overall trade balance.

A monthly quota introduced in August last year on unprocessed gold imports is helping reduce the current account deficit, the Treasury and Finance Ministry has said.

Under the current regulation, there is a monthly quota of 12 tons of unprocessed gold imports.

Greek exports fell 12.2% in November, on a decline of 7.5% in the 11 months from January to November 2023, though their value exceeded 47 billion euros, the second-highest ever recorded.

Greece's trade deficit shrank by 21% in July as imports fell more than exports in the month, the Hellenic Statistical Authority said in a report on the country's merchandise trade.

The value of imports totaled 6.721 billion euros in July, down 17% from July 2022 (excluding oil products, imports fell 3.9%, while excluding oil products and ships, imports fell 4%).

The government has announced a 20 percent additional charge for some gold and jewelry imports, apparently in an attempt to help efforts to reduce the current account deficit.

Greek Minister of Rural Development and Food Lefteris Avgenakis met with his visiting Chinese counterpart, Minister of Agriculture and Rural Affairs Minister Τang Renjian, on Wednesday.

Türkiye's exports have hit $2.12 billion on June 23, marking an highest figure on record on a daily basis, Trade Minister Ömer Bolat said.

The daily record export revenue, achieved despite the slowdown in global economy and trade, proved the Turkish exporters' resilience and dynamism, commented Bolat on Twitter.

Greece posted a 5.2-billion-euro decrease in the current and capital account deficit in the first quarter of 2023 compared to the first quarter of 2022, a development related to the significant growth in the balance of secondary incomes, i.e.

Driven by external demand, Slovenia's economy expanded at an annual rate of 0.7% in the first quarter of 2023, after growing by 0.2% in the previous quarter, fresh data from the Statistics Office shows.

In the period January - March 2023, the export of goods from Bulgaria to third countries increased by 14.5% compared to the same period in 2022 and was worth BGN 8,160.9 million.