You are here

Imports decline

10/07/2013 13:05
Imports fell sharply in May 2013.

They dropped to €357,3 million compared to €480,3 million in May 2012, losing 25.6% or €123 million.

This is the seventh consecutive month of contraction in imports.

The value of exports fell to €132 million from € 134,3 million in May 2012, showing, a drop of 1.8%, or €2,4 million.

In the first five months of the year, exports rose 11% to €665,2 million from €599,1 million.

For the period January - May, imports recorded a significant decrease of 21% to €1,9 billion from € 2,4 billion.

Trade deficit in May fell by 31.7% to €1,2 billion from €1,8 billion in the corresponding period of 2012.