Panhellenic Exporters Association

Greek exports to non-European Union states showed a considerable increase over the first nine months of the year, especially those heading to the US, China and Saudi Arabia.

Industrial output in Greece declined a total of 30.3 percent from 2008 to 2013, with more than 50,000 jobs lost in manufacturing over the same period, according to a survey jointly conducted by the Panhellenic Exporters Association and the Athens Chamber of Commerce and Industry.

After the jump in exports in March, there was a correction in April, as Hellenic Statistical Authority figures yesterday showed a 5.4 percent reduction on an annual basis excluding fuel. When the volatile element of fuel is included exports add up to 2.32 billion euros, up 9.7 percent on April 2016.

The major increase recorded in exports in January proved just a blip, as in February they posted a decline (when fuel products are excluded), according to figures released on Friday by the Hellenic Statistical Authority (ELSTAT).

Greece's external trade has started the year with a rise, and the balance remains positive even when certain factors that distort the real picture of exports and imports are excluded.

The agro-food and pharmaceutical industries are evolving into strong players in the Greek exports business, as drugs continue to constitute Greece's most important exporting commodity - fuel products excluded - while eight out of the top 20 Greek exports are food and agricultural products.

The bank holiday and capital controls imposed three weeks ago have cost Greece some EUR 3 B, ekathimerini.com reported on Saturday.

The figure doesn't include the loss of revenue from tourism resulting from a drop in the number of new bookings at the peak of the crisis.

Greek exports and industrial output posted a significant increase in November, the month before political uncertainty began to mount in the country, according to data released on Friday by the Hellenic Statistical Authority (ELSTAT).

By Dimitra Manifava

Greek exports remain heavily dependent on fuel products and neighboring markets, while the country’s products appear to be losing ground in markets with great potential, such as those of the US, China and Israel, according to an analysis by the Panhellenic Exporters Association.

 Economy contracted by just 0.9 percent, but April exports showed an annual decline of over 20 pct