Greece’s value of import-arrivals reached EUR4bn against EUR3.7bn in March 2013, rising 7% y-o-y (up 16.9% adjusting for oil products imports). That said, March total value of export-deliveries grew by 1.4% y-o-y to EUR 2.2bn compared with EUR2.1m a year earlier (down 5.9%, however, excluding oil products).
Moreover, Greek March exports to third, or non-EU, countries posted a 5.2% y-o-y increase, falling 2.7% y-o-y to the European countries. Excluding oil products, Greek exports to European countries and to third countries were down 4.2% and 9.2% y-o-y, respectively.
The European Commission sees Greece’s 2014 exports up 4.6% y-o-y, while the OECD expects a 6.6% y-o-y growth.