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The international economic recession of the last months has significantly affected the
export sector. According to latest data from the Hellenic National Statistical Service as
processed by the Pan-Hellenic Exporters Chamber the value of Greek exports during April
2014 showed a reduction to the order of 20% concerning the corresponding month in 2013.
If with this data we factor in the data concerning the first three months, both exports and
imports in the four-month period of 2014 dropped by 17.6% and 30.5% respectively, con-
cerning the corresponding four-month period of the year before and their value receded to
4,508 million ¬ from 5,472, 4 million ¬ and to 14,085, 5 million.¬ as against 20,255 million
¬, respectively.
With regard to the period January-March 2014, exports marked a big fall drop vis a vis the
corresponding quarter of previous year. Using as a basis the provisional data of the
Hellenic National Statistical Service for the three first months of 2014, the value of exports
was limited by -17.1% as against the corresponding period of 2013 and it reached 3,323.4
million.¬ from 4,009. 3 million.¬. If the value of exports is calculated in the undervalued
(against the Euro) American currency the drop is still larger (- 28%).
The drop in imports (-28.3%) was significantly higher vis a vis the drop in exports (-17.1%)
with a result that the trade deficit fell by -32.% and the value of imports fell to 10,726,7 mil-
28
/ TRIIRIS / JUNE 2015
But there are significant opportunities for
market penetration
THE GLOBAL CRISIS AFFECT EXPORTS