Balance of trade

Trade deficit grows 9.5 pct in Jan-May

Greece’s trade deficit recorded a 9.5 percent increase in the January-May period this year compared with the first five months of 2013, data compiled by the Hellenic Statistical Authority (ELSTAT) revealed on Friday. Imports posted a small decline, but this was dwarfed by the drop in exports, which upset the trade balance.

Current account gap shrinks more in April

Turkey’s current account deficit narrowed to $4.79 billion in April, making a four-month deficit of $16.37 billion, $8.28 billion less the same period last year
Turkey’s January-April current account deficit dropped by around half compared to the same period last year thanks to robust trade performance, the Central Bank has announced.