PRESS RELEASE. COMMERCIAL TRANSACTIONS OF GREECE : April ( Provisional Data )

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1 HELLENIC REPUBLIC HELLENIC STATISTICAL AUTHORITY Piraeus,7 June 2018 PRESS RELEASE COMMERCIAL TRANSACTIONS OF GREECE : 2018 ( Provisional Data ) The total value of imports-arrivals, in 2018 amounted to 4,330.4 million euros (5,300.4 million dollars) in comparison with 4,146.8 million euros (4,433.2 million dollars) in 2017, recording an increase, in euros, of 4.4%. The corresponding change excluding oil products in 2018 recorded a drop of million euros or 9.9% and the corresponding change excluding oil products and ships in 2018,recorded an increase of million euros or 7.0% (Table 1). The total value of exports-dispatches, in 2018 amounted to 2,589.1 million euros (3,188.1 million dollars) in comparison with 2,320.8 million euros (2,496.0 million dollars) in 2017, recording an increase, in euros, of 11.6%. The corresponding change excluding oil products recorded in 2018 an increase of million euros or 12.4% and the corresponding change excluding oil products and ships in 2018 recorded an increase of million euros or 11.8% (Table 1). The deficit of the trade balance, in 2018 amounted to 1,741.3 million euros (2,112.3 million dollars) in comparison with 1,826.0 million euros (1,937.2 million dollars) in 2017, recording a drop, in euros, of 4.6%.The corresponding change of deficit excluding oil products in 2018 recorded a drop of million euros or 28.3% and the corresponding change excluding oil products and ships in 2018 recorded an increase of 15.2 million euros or 1.2% (Table 1). The total value of imports-arrivals, for the 4-month period from January to 2018 amounted to 17,531.5 million euros (21,479.3 million dollars) in comparison with 17,567.4 million euros (18,681.5 million dollars) for the corresponding period of the year 2017, recording a drop, in euros, of 0.2%.The corresponding change excluding oil products recorded a drop of million euros or 4.9% and the corresponding change excluding oil products and ships recorded an increase of million euros or 8.1% (Table 5). The total value of exports-dispatches, for the 4-month period from January to 2018 amounted to 10,452.2 million euros (12,885.6 million dollars) in comparison with 9,231.1 million euros (9,877.7 million dollars) for the corresponding period of the year 2017, recording an increase, in euros, of 13.2%. The corresponding change excluding oil products recorded an increase of million euros or 13.3% and the corresponding change excluding oil products and ships recorded an increase of million euros or 13.5% (Table 5). The deficit of the Trade Balance, for the 4-month period from January to 2018 amounted to 7,079.3 million euros (8,593.7 million dollars) in comparison with 8,336.3 million euros (8,803.8 million dollars) for the corresponding period of the year 2017, recording a drop, in euros, of 15.1%. The corresponding change excluding oil products recorded a drop of 1,499.1 million euros or 20.9% and the corresponding change excluding oil products and ships recorded an increase of 80.9 million euros or 1.6% (Table 5). The monthly data of Intra EU transactions, have been adjusted to the total trade transactions with EU countries, including the transactions below the statistical threshold, on the basis of the Recapitulative Statements of Intra-EU Deliveries and Acquisitions that are submitted by the enterprises in the Ministry of Finance. Accordingly, the provisional data from the incomplete customs declarations have been incorporated in the monthly data on trade with third countries and, after having been completed, they will be replaced by the final data. By virtue of EU Regulations on the compilation of intra-eu trade statistics, Member States set out a statistical exemption threshold. On the basis of the exemption threshold, the enterprises whose transactions are below the statistical threshold are exempted from the obligation to submit data on their intra-community transactions (Intrastat declaration). The aim is to reduce the burden on enterprises. The statistical exemption threshold, valid for each year, is specified and released by ELSTAT on a yearly basis. Information: Division of Statistics on Trade and Services Section of External Trade Statistics Eleni Pandi Tel : Fax : e.pandi@statistics.gr 1

2 Table 1. Trade Balance : Million euros Α. Imports-Arrivals Ι. Total Imports-Arrivals 4, , , ΙΙ. Excluding 3, , , ΙV. Excluding oil products and B. Exports-Dispatches 3, , , , , , Ι. Total Exports-Dispatches 2, , , ΙΙ. Excluding 2, , , ΙV. Excluding oil products and 1, , , , , , C. Trade Balance (=B.I-A.I) -2, , , D. Trade Balance excluding (=Β.ΙI - Α.ΙΙ) -1, , , E. Trade Balance excluding oil products and including (=Β.ΙIΙ - Α.ΙΙΙ) -1, , , F. Trade Balance excluding oil products and (=Β.ΙV - Α.ΙV) -1, , , USD million Α. Imports-Arrivals Ι. Total Imports-Arrivals 4, , , ΙΙ. Excluding 3, , , , , , ΙV. Excluding oil products and 3, , , Β. Exports-Dispatches Ι. Total Exports-Dispatches 2, , , ΙΙ. Excluding 2, , , , , , ΙV. Excluding oil products and 1, , , C. Trade Balance (=B.I-A.I) -2, , , D. Trade Balance excluding (=Β.ΙI - Α.ΙΙ) E. Trade Balance excluding oil products and including (=Β.ΙIΙ - Α.ΙΙΙ) F. Trade Balance excluding oil products and (=Β.ΙV - Α.ΙV) -1, , , , , , , , ,

3 Table 2. Imports-Arrivals, Exports-Dispatches including oil products, Imports-Arrivals ( million) I. European Union 2, , , II. Third countries 2, , , Total 4, , , Imports-Arrivals (USD million) I. European Union 2, , , II. Third countries 2, , , Total 4, , , Exports-Dispatches ( million) I. European Union 1, , , II. Third countries , , Total 2, , , Exports-Dispatches (USD million) I. European Union 1, , , II. Third countries 1, , , Total 2, , , Diagram 1. Imports - Arrivals, Exports - Dispatches, , million 2, , , , , , , , , , ,158.5 Arrivals EU Dispatches EU ImportsThird countries Exports Third countries 3

4 Table 3. Imports-Arrivals, Exports-Dispatches excluding oil products, Imports-Arrivals ( million) I. European Union 2, , , II. Third countries 1, , Total 3, , , Imports-Arrivals (USD million) I. European Union 2, , , II. Third countries 1, , , Total 4, , , Exports-Dispatches ( million) I. European Union 1, , , II. Third countries Total 1, , , Exports-Dispatches (USD million) I. European Union 1, , , II. Third countries Total 1, , , Diagram 2. Imports - Arrivals, Exports - Dispatches excluding oil products, , million 2, , , , , , , , Arrivals EU Dispatches EU Imports Third countries Exports Third countries 4

5 Table 4: Imports-Arrivals, Exports-Dispatches excluding oil products and ships, Imports-Arrivals ( million) I. European Union 1, , , II. Third countries Total 2, , , Imports-Arrivals (USD million) I. European Union 2, , , II. Third countries , Total 3, , , Exports-Dispatches ( million) I. European Union 1, , , II. Third countries Total 1, , , Exports-Dispatches (USD million) I. European Union 1, , , II. Third countries Total 1, , , Diagram 3. Imports - Arrivals, Exports - Dispatches, excluding oil products and ships, , million 1, , , , , , Arrivals EU Dispatches EU ImportsThird countries Exports Third countries 5

6 Table 5. Trade Balance : January Million euros January - Α. Imports-Arrivals Ι. Total Imports-Arrivals 14, , , ΙΙ. Excluding 13, , , ΙV. Excluding oil products and B. Exports-Dispatches 11, , , , , , Ι. Total Exports-Dispatches 7, , , ΙΙ. Excluding 7, , , ΙV. Excluding oil products and 6, , , , , , C. Trade Balance (=B.I-A.I) -6, , , D. Trade Balance excluding (=Β.ΙI - Α.ΙΙ) E. Trade Balance excluding oil products and including (=Β.ΙIΙ - Α.ΙΙΙ) F. Trade Balance excluding oil products and (=Β.ΙV - Α.ΙV) -5, , , , , , , , , USD million January - Α. Imports-Arrivals Ι. Total Imports-Arrivals 15, , , ΙΙ. Excluding 14, , , ΙV. Excluding oil products and Β. Exports-Dispatches 13, , , , , , Ι. Total Exports-Dispatches 8, , , ΙΙ. Excluding 8, , , ΙV. Excluding oil products and 6, , , , , , C. Trade Balance (=B.I-A.I) -7, , , D. Trade Balance excluding (=Β.ΙI - Α.ΙΙ) E. Trade Balance excluding oil products and including (=Β.ΙIΙ - Α.ΙΙΙ) F. Trade Balance excluding oil products and (=Β.ΙV - Α.ΙV) -6, , , , , , , , ,

7 Table 6. Imports-Arrivals, Exports-Dispatches including oil products, January Imports-Arrivals ( million) January - I. European Union 7, , , II. Third countries 6, , , Total 14, , , Imports-Arrivals (USD million) January - I. European Union 8, , , II. Third countries 7, , , Total 15, , , Exports-Dispatches ( million) January - I. European Union 4, , , II. Third countries 3, , , Total 7, , , Exports-Dispatches (USD million) January - I. European Union 5, , , II. Third countries 3, , , Total 8, , , Diagram 4. Imports - Arrivals, Exports - Dispatches, January , million 7, , , , , , , , , , , ,194.4 Arrivals EU Dispatches EU ImportsThird countries Exports Third countries 7

8 Table 7. Imports-Arrivals, Exports-Dispatches excluding oil products, January Imports-Arrivals ( million) January - I. European Union 7, , , II. Third countries 4, , , Total 11, , , Imports-Arrivals (USD million) January - I. European Union 8, , , II. Third countries 4, , , Total 13, , , Exports-Dispatches ( million) January - I. European Union 4, , , II. Third countries 1, , , Total 6, , , Exports-Dispatches (USD million) January - I. European Union 4, , , II. Third countries 2, , , Total 6, , , Diagram 5. Imports - Arrivals, Exports - Dispatches, excuding oil products, January , million 7, , , , , , , , , , , ,187.1 Arrivals EU Dispatches EU ImportsThird countries Exports Third countries 8

9 Table 8: Imports-Arrivals, Exports-Dispatches excluding oil products and ships, January Imports-Arrivals ( million) January - I. European Union 7, , , II. Third countries 3, , , Total 10, , , Imports-Arrivals (USD million) January - I. European Union 8, , , II. Third countries 3, , , Total 12, , , Exports-Dispatches ( million) January - I. European Union 4, , , II. Third countries 1, , , Total 6, , , Exports-Dispatches (USD million) January - I. European Union 4, , , II. Third countries 2, , , Total 6, , , Diagram 6. Imports - Arrivals, Exports - Dispatches, excuding oil products and ships, January , million 7, , , , , , , , , , , ,161.4 Arrivals EU Dispatches EU ImportsThird countries Exports Third countries 9

10 Table 9. Imports - Arrivals and Exports - Dispatches by SITC sections (Standard International Trade Classification) including oil products, 2018 Imports - Arrivals (in million ) 2018 January E.U. Third countries E.U. Third countries Total 2, , , , Food and live animals , Beverages and tobacco Crude materials, inedible, except fuels Mineral fuels, lubricants, etc , , Animal and vegetable oils and fats Chemicals and related products, n.e.s , Manufactured goods classified chiefly by raw material , Machinery and transport equipment , , Miscellaneous manufactured articles , Commodities and transactions not classified by category Exports - Dispatches (in million ) 2018 January E.U. Third countries E.U. Third countries Total 1, , , , Food and live animals , Beverages and tobacco Crude materials, inedible, except fuels Mineral fuels, lubricants, etc , Animal and vegetable oils and fats Chemicals and related products, n.e.s Manufactured goods classified chiefly by raw material , Machinery and transport equipment Miscellaneous manufactured articles Commodities and transactions not classified by category * Wherever necessary, the data have been rounded up, thus, a slight difference may occur between the sum of the figures and their total. 10

11 Diagram 7a. Percentage (%) distribution of E.U. arrivals by SITC sections, % 14% 16% 2% 3% 3% 1% 26% 22% 13% 0. Food and live animals 1. Beverages and tobacco 2. Crude materials, inedible, except fuels 3. Mineral fuels, lubricants, etc 4. Animal and vegetable oils and fats 5. Chemicals and related products, n.e.s 6. Manufactured goods classified chiefly by raw material 7. Machinery and transport equipment 8. Miscellaneous manufactured articles 9. Commodities and transactions not classified by category 2% Diagram 7b. Percentage (%) distribution of Third countries imports by SITC sections, % 1% 11% 5% 0% 6% 13% 0. Food and live animals 1. Beverages and tobacco 2. Crude materials, inedible, except fuels 3. Mineral fuels, lubricants, etc 4. Animal and vegetable oils and fats 5. Chemicals and related products, n.e.s 6. Manufactured goods classified chiefly by raw material 7. Machinery and transport equipment 8. Miscellaneous manufactured articles 9. Commodities and transactions not classified by category 0% 5% Diagram 8a Percentage (%) distribution of E.U. dispatches by SITC sections, % 8% 19% 3% 2% 19% 13% 3% Diagram 8b. Percentage (%) distribution of Third countries exports by SITC sections, % 3% 7% 2% 5% 53% 13% 18% 7% 13% 7% 0. Food and live animals 1. Beverages and tobacco 2. Crude materials, inedible, except fuels 3. Mineral fuels, lubricants, etc 4. Animal and vegetable oils and fats 5. Chemicals and related products, n.e.s 6. Manufactured goods classified chiefly by raw material 7. Machinery and transport equipment 8. Miscellaneous manufactured articles 9. Commodities and transactions not classified by category 1% 0. Food and live animals 1. Beverages and tobacco 2. Crude materials, inedible, except fuels 3. Mineral fuels, lubricants, etc 4. Animal and vegetable oils and fats 5. Chemicals and related products, n.e.s 6. Manufactured goods classified chiefly by raw material 7. Machinery and transport equipment 8. Miscellaneous manufactured articles 9. Commodities and transactions not classified by category Diagram 9. Imports - Arrivals E.U. & Third countries by SITC sections, Jan. - Apr million 9. Commodities and transactions not classified by category 8. Miscellaneous manufactured articles Third countries E.U. 7. Machinery and transport equipment 6. Manufactured goods classified chiefly by raw material 5. Chemicals and related products, n.e.s 4. Animal and vegetable oils and fats 3. Mineral fuels, lubricants, etc 2. Crude materials, inedible, except fuels 1. Beverages and tobacco 0. Food and live animals 0.0 1, , , , , ,000.0 Diagram 10. Exports - Dispatches E.U. & Third countries by SITC sections, Jan. - Apr million 9. Commodities and transactions not classified by category 8. Miscellaneous manufactured articles 7. Machinery and transport equipment Third countries E.U. 6. Manufactured goods classified chiefly by raw material 5. Chemicals and related products, n.e.s 4. Animal and vegetable oils and fats 3. Mineral fuels, lubricants, etc 2. Crude materials, inedible, except fuels 1. Beverages and tobacco 0. Food and live animals 0.0 1, , , ,

12 in million Year and Month Value in million Table 10. Commercial Transactions with EU and Third Countries Imports - Arrivals Monthly Changes % compared with the corresponding month of the previous year Value in million Exports - Dispatches Monthly compared with the corresponding month of the previous year 2016: 1 2, , , , , , , , , , , , , , , , , , , , , , , , Total year 44, , : 1 4, , , , , , , , , , , , , , , , , , , , , , , , Total year 50, , : 1 4, , , , , , , , Provisional data It should be noticed that the timeseries of imports/arrivals and exports/dispatches of goods are re-calculated every time that a new observation is added and, therefore, they may differ from the corresponding timeseries published in the previous Press Release. * Wherever necessary, the data have been rounded up, thus, a slight difference may occur between the sum of the figures and their total. Diagram 11. Commercial Transactions with EU & Third countries ,000 3,500 2, ,000-2,500 I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III IV Trade Balance Imports - Arrivals Exports - Dispatches 12

13 in million Table 11. Commercial Transactions with EU and Third Countries excluding oil products Imports - Arrivals Exports - Dispatches Year and Month Value in million Monthly Changes % compared with the corresponding month of the previous year Value in million Monthly Changes % compared with the corresponding month of the previous year 2016: 1 2, , , , , , , , , , , , , , , , , , , , , , , , Total year 34, , : 1 3, , , , , , , , , , , , , , , , , , , , , , , , Total year 38, , : 1 3, , , , , , , , Provisional data It should be noticed that the timeseries of imports/arrivals and exports/dispatches of goods are re-calculated every time that a new observation is added and, therefore, they may differ from the corresponding timeseries published in the previous Press Release. * Wherever necessary, the data have been rounded up, thus, a slight difference may occur between the sum of the figures and their total. 5,000 3,500 2, ,000-2,500 Diagram 12. Commercial Transactions with EU & Third countries excluding oil products I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III IV Trade Balance Imports - Arrivals Exports - Dispatches 13

14 in million Table 12. Commercial Transactions with EU and Third Countries excluding oil products and ships Imports - Arrivals Exports - Dispatches Year and Month Value in million Monthly Changes % compared with the corresponding month of the previous year Value in million Monthly Changes % compared with the corresponding month of the previous year 2016: 1 2, , , , , , , , , , , , , , , , , , , , , , , , Total year 32, , : 1 2, , , , , , , , , , , , , , , , , , , , , , , , Total year 35, , : 1 3, , , , , , , , Provisional data It should be noticed that the timeseries of imports/arrivals and exports/dispatches of goods are re-calculated every time that a new observation is added and, therefore, they may differ from the corresponding timeseries published in the previous Press Release. * Wherever necessary, the data have been rounded up, thus, a slight difference may occur between the sum of the figures and their total. 5,000 Diagram 13. Commercial Transactions with EU & Third countries excluding oil products and ships 3,500 2, ,000-2,500 I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III IV Trade Balance Imports - Arrivals Exports - Dispatches 14

15 EXPLANATORY NOTES Commercial Transactions of Greece Legal Framework The Commercial Transactions of Greece are recorded on a monthly basis aiming at monitoring the total value of Imports-Arrivals, Exports-Dispatches as well as the relevant changes of the above-mentioned categories. Transactions reffering to services are not included, while they are taken into account for the compilation of the National Accounts tables, along with the commercial transactions. The survey is conducted in compliance with the requirements laid down in the following E.U. Regulations: Intra - EU TRADE: Regulation 638/2004, as it was amended by Regulations 222/2009, 1093/2013 and 659/2014. Extrastat: Regulation 471/2009 Reference Period Availability of Results days after the end of the reference month (provisional data). The provisional data are revised and disseminated on a monthly basis for all the previous months until the finalization of the yearly data, which takes place ten months after the end of the reference year. Definitions INTRASTAT is the system for collecting Intra EU statistical data (among the EU countries). It was implemented on January 1st, Arrival is considered every import of goods from a country of the EU. Dispatch is considered every export of goods to a country of the EU. EXTRASTAT is the system for collecting external trade data with third countries (countries outside the EU). Import is considered every import of goods from a third country (outside the EU). Export is considered every export of goods to a third country (outside the EU). Methodology INTRASTAT: It is an exchaustive statistical survey. The parties responsible for providing statistical information through Intrastat System are the enterprises which perform intra EU trade transactions and they have exceeded the applied statistical thresholds. The statistical thresholds are readjusted each year. The statistical thresholds for 2017 are the following: Arrivals: 150, (95,0% coverage) Dispatches: 90, (98,0% coverage) The statistical data of Intra EU-Trade include also the transactions of the enterprises, which are not obliged to submit Intrastat data since the value of their transactions is below the applied statistical threshold. In compliance with the obligations provided in the EU Regulations regarding the compilation of external trade statistics, these transactions are calculated on the basis of the Recapitulative Statements of Intra-EU Deliveries and Acquisitions that all the enterprises are obliged to submit to the Ministry of Finance. ELECTRONIC SUBMISSION: Intrastat declarations are submiitted electronically via or the following links: EXTRASTAT: It is a statistical survey where data are collected by administrative sources. The Customs Authorities collect the relevant statistical data on trade by filling in the Single Administrative Document (SAD). All the transactions with third countries above the amount of euros are registered. In the beginning of each month Customs Authorities transmit to Hellenic Statistical Authority an electronic file with the customs data of statistical relevance of the previous month. The statistical data of imports and exports of goods with the Third Countries, are derived from the data transmitted by the Customs Authorities. The incorporation, henceforth, of the provisional data from the incomplete customs declarations" - which concern mainly petroleum products - in the monthly data on trade with third countries; the incomplete customs declarations data after having been completed will be replaced by the final data. IMPORTS AND EXPORTS OF SHIPS: The data on imports and exports of ships from Third Countries are transmitted by the Customs Authorities and they are based on data pertaining to the registration and deregistration of ships under the Greek flag. Classification of goods: The goods are classified in compliance with the 8-digit Combined Nomenclature Code (CN/8) and the Standard International Trade Classification (SITC). References More information concerning the survey on Commercial Transactions is available on the website of the Hellenic Statistical Authority ( under the link "Statistical Themes / Trade - Services / Imports- Exports / External Trade. 15