Oslo Børs VPS : Commercial Transactions of Greece (Merchandise Trade) (Provisional Data), November 2019

HELLENIC REPUBLIC

HELLENIC STATISTICAL AUTHORITY

Piraeus,9 January 2020

PRESS RELEASE

COMMERCIAL TRANSACTIONS OF GREECE : November 2019

( Provisional Data )

The total value of imports-arrivals, in November 2019 amounted to 4,320.4 million euros (4,760.3 million dollars) in comparison with 4,563.1 million euros (5,171.3 million dollars) in November 2018, recording a drop, in euros, of 5.3%. The corresponding value excluding oil products in November 2019 recorded an increase of 10.1 million euros or 0.3% and the corresponding value excluding oil products and ships in November 2019 recorded an increase of 4.5 million euros or 0.1%, in comparison with November 2018 (Table 1).

The total value of exports-dispatches, in November 2019 amounted to 2,712.4 million euros (3,006.4 million dollars) in comparison with 3,060.3 million euros (3,489.1 million dollars) in November 2018, recording a drop, in euros, of 11.4%. The corresponding value excluding oil products recorded in November 2019 a drop of 25.2 million euros or 1.3% and the corresponding value excluding oil products and ships in November 2019 recorded a drop of 42.9 million euros or 2.1%, in comparison with November 2018 (Table 1).

The deficit of the trade balance, in November 2019 amounted to 1,608.0 million euros (1,753.9 million dollars) in comparison with 1,502.8 million euros (1,682.2 million dollars) in November 2018, recording an increase, in euros, of 7.0%.The corresponding value of deficit excluding oil products in November 2019 recorded an increase of 35.3 million euros or 2.7% and the corresponding value excluding oil products and ships in November 2019 recorded an increase of 47.4 million euros or 3.7%, in comparison with November 2018 (Table 1).

The total value of imports-arrivals, for the 11-month period from January to November 2019 amounted to 51,050.6 million euros (57,016.7 million dollars) in comparison with 49,852.3 million euros (58,841.8 million dollars) for the corresponding period of the year 2018, recording an increase, in euros, of 2.4%.The corresponding value excluding oil products recorded an increase of 2,277.7 million euros or 6.4% and the corresponding value excluding oil products and ships recorded an increase of 2,099.5 million euros or 5.9%, in comparison with the period from January to November 2018 (Table 5).

The total value of exports-dispatches, for the 11-month period from January to November 2019 amounted to 30,902.2 million euros (34,720.8 million dollars) in comparison with 30,879.0 million euros (36,660.0 million dollars) for the corresponding period

of the year 2018, recording an increase, in euros, of 0.1%. The corresponding value excluding oil products recorded	an
increase of 903.2 million euros or 4.4% and the corresponding value excluding oil products and ships recorded an increase	of
949.2 million euros or 4.7%, in comparison with the period from January to November 2018 (Table 5).

The deficit of the trade balance, for the 11-month period from January to November 2019 amounted to 20,148.4 million euros (22,295.9 million dollars) in comparison with 18,973.3 million euros (22,181.8 million dollars) for the corresponding period of the year 2018, recording an increase, in euros, of 6.2%. The corresponding deficit excluding oil products recorded an increase of 1,374.5 million euros or 9.1% and the corresponding deficit excluding oil products and ships recorded an increase of 1,150.3 million euros or 7.6% (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 (1), 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.

1. 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 for methodological issues:	Information for data provision:
Division of Business Statistics	Tel.	: [phone], 2308, 2310
Section of International Transactions Statistics	email	: [e-mail]
Head of the Section : Eleni Pandi
Tel.	:[phone]
Fax	:[phone]
e-mail	: [e-mail]

1

Table 1. Trade Balance : November 2017 - 2019

Million euros

NovemberChanges %

2017

2018

2019 (1)

2018/2017

2019/2018

Α. Imports-Arrivals

Ι. Total Imports-Arrivals

ΙΙ. Excluding the value of ships

• Excluding oil products and including the value of ships

ΙV. Excluding oil products and the value of ships

B. Exports-Dispatches

Ι. Total Exports-Dispatches

ΙΙ. Excluding the value of ships

• Excluding oil products and including the value of ships

ΙV. Excluding oil products and the value of ships

C. Trade Balance (=B.I-A.I)

D. Trade Balance

excluding the value of ships (=Β.ΙI - Α.ΙΙ)

E. Trade Balance

excluding oil products and including the value of ships (=Β.ΙIΙ - Α.ΙΙΙ)

F. Trade Balance excluding oil products and

the value of ships (=Β.ΙV - Α.ΙV)

3,947.5	4,563.1	4,320.4	15.6	-5.3
3,930.0	4,559.0	4,310.7	16.0	-5.4
3,228.8	3,300.2	3,310.3	2.2	0.3
3,211.3	3,296.1	3,300.6	2.6	0.1
2,617.5	3,060.3	2,712.4	16.9	-11.4
2,604.6	3,056.7	2,691.1	17.4	-12.0
1,817.6	2,011.2	1,986.0	10.7	-1.3
1,804.7	2,007.6	1,964.7	11.2	-2.1
-1,330.0	-1,502.8	-1,608.0	13.0	7.0
-1,325.4	-1,502.3	-1,619.6	13.3	7.8
-1,411.2	-1,289.0	-1,324.3	-8.7	2.7
-1,406.6	-1,288.5	-1,335.9	-8.4	3.7

USD (2) million

	November		Changes %
2017	2018	2019 (1)	2018/2017	2019/2018

Α. Imports-Arrivals

Ι. Total Imports-Arrivals

ΙΙ. Excluding the value of ships

• Excluding oil products and including the value of ships

ΙV. Excluding oil products and the value of ships

Β. Exports-Dispatches

4,619.6	5,171.3	4,760.3	11.9	-7.9
4,599.3	5,166.6	4,749.7	12.3	-8.1
3,778.6	3,740.0	3,647.4	-1.0	-2.5
3,758.3	3,735.4	3,636.8	-0.6	-2.6

Ι. Total Exports-Dispatches

ΙΙ. Excluding the value of ships

• Excluding oil products and including the value of ships

ΙV. Excluding oil products and the value of ships

C. Trade Balance (=B.I-A.I)

D. Trade Balance

excluding the value of ships (=Β.ΙI - Α.ΙΙ)

E. Trade Balance

excluding oil products and including the value of ships (=Β.ΙIΙ - Α.ΙΙΙ)

F. Trade Balance excluding oil products and

the value of ships (=Β.ΙV - Α.ΙV)

3,081.6	3,489.1	3,006.4	13.2	-13.8
3,066.4	3,485.0	2,982.8	13.7	-14.4
2,139.9	2,293.0	2,201.3	7.2	-4.0
2,124.7	2,288.9	2,177.7	7.7	-4.9
-1,538.0	-1,682.2	-1,753.9	9.4	4.3
-1,532.9	-1,681.6	-1,766.9	9.7	5.1
-1,638.7	-1,447.0	-1,446.1	-11.7	-0.1
-1,633.6	-1,446.5	-1,459.1	-11.5	0.9

1. Provisional data.
2. Τhe value in dollars of imports and exports is based on the average exchange rate USD / € of the reporting month in the relevant year.

2

Table 2. Imports-Arrivals,Exports-Dispatches including oil products, November 2017 - 2019

Imports - Arrivals (€ million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	2,307.5	2,493.4	2,455.0	8.1	-1.5
II. Third countries	1,640.0	2,069.7	1,865.4	26.2	-9.9
Total	3,947.5	4,563.1	4,320.4	15.6	-5.3

Imports - Arrivals (USD (2) million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	2,700.4	2,825.7	2,704.9	4.6	-4.3
II. Third countries	1,919.2	2,345.6	2,055.4	22.2	-12.4
Total	4,619.6	5,171.3	4,760.3	11.9	-7.9

Exports - Dispatches (€ million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	1,295.3	1,665.1	1,528.4	28.5	-8.2
II. Third countries	1,322.2	1,395.2	1,184.0	5.5	-15.1
Total	2,617.5	3,060.3	2,712.4	16.9	-11.4

Exports - Dispatches (USD (2) million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	1,525.0	1,898.4	1,694.1	24.5	-10.8
II. Third countries	1,556.6	1,590.7	1,312.3	2.2	-17.5
Total	3,081.6	3,489.1	3,006.4	13.2	-13.8

1. Provisional data.
2. Τhe value in dollars of imports and exports is based on the average exchange rate USD / € of the reporting month in the relevant year.

Diagram 1. Imports - Arrivals, Exports - Dispatches,

November 2017-2019, million €

2,307.5	2,493.4		2,455.0
		2,069.7
			1,865.4
	1,640.0	1,665.1	1,528.4
1,295.3	1,322.2		1,395.2
	1,184.0

2017		2018	2019
Arrivals EU	Dispatches EU	Imports Third countries	Exports Third countries

3

Table 3. Imports-Arrivals,Exports-Dispatches excluding oil products, November 2017 - 2019 Imports - Arrivals (€ million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	2,260.0	2,395.1	2,382.0	6.0	-0.5
II. Third countries	968.8	905.1	928.3	-6.6	2.6
Total	3,228.8	3,300.2	3,310.3	2.2	0.3

Imports - Arrivals (USD (2) million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	2,644.8	2,714.3	2,624.5	2.6	-3.3
II. Third countries	1,133.8	1,025.7	1,022.9	-9.5	-0.3
Total	3,778.6	3,740.0	3,647.4	-1.0	-2.5

Exports - Dispatches (€ million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	1,165.6	1,325.9	1,298.0	13.8	-2.1
II. Third countries	652.0	685.3	688.0	5.1	0.4
Total	1,817.6	2,011.2	1,986.0	10.7	-1.3

Exports - Dispatches (USD (2) million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	1,372.2	1,511.7	1,438.7	10.2	-4.8
II. Third countries	767.7	781.3	762.6	1.8	-2.4
Total	2,139.9	2,293.0	2,201.3	7.2	-4.0

1. Provisional data.
2. Τhe value in dollars of imports and exports is based on the average exchange rate USD / € of the reporting month in the relevant year.

Diagram 2. Imports - Arrivals, Exports - Dispatches excluding oil products, November 2017-2019, million €

2,395.1

2,382.0

2,260.0

1,165.6	1,325.9	1,298.0
968.8	905.1	928.3
652.0	688.0
685.3

2017		2018	2019
Arrivals EU	Dispatches EU	Imports Third countries	Exports Third countries

4

Table 4: Imports-Arrivals,Exports-Dispatches excluding oil products and ships, November 2017 - 2019

Imports-Arrivals (€ million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	2,259.0	2,393.0	2,373.6	5.9	-0.8
II. Third countries	952.3	903.1	927.0	-5.2	2.6
Total	3,211.3	3,296.1	3,300.6	2.6	0.1

Imports - Arrivals (USD (2) million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	2,643.6	2,712.0	2,615.2	2.6	-3.6
II. Third countries	1,114.7	1,023.4	1,021.6	-8.2	-0.2
Total	3,758.3	3,735.4	3,636.8	-0.6	-2.6

Exports - Dispatches (€ million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	1,165.2	1,325.0	1,297.4	13.7	-2.1
II. Third countries	639.5	682.6	667.3	6.7	-2.2
Total	1,804.7	2,007.6	1,964.7	11.2	-2.1

Exports - Dispatches (USD (2) million)

		November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	1,371.7	1,510.6	1,438.0	10.1	-4.8
II. Third countries	753.0	778.3	739.7	3.4	-5.0
Total	2,124.7	2,288.9	2,177.7	7.7	-4.9

1. Provisional data.
2. Τhe value in dollars of imports and exports is based on the average exchange rate USD / € of the reporting month in the relevant year.

Diagram 3. Imports - Arrivals, Exports - Dispatches, excluding oil products

and ships, November 2017-2019, million €

2,259.0	2,393.0	2,373.6
1,165.2	1,325.0	1,297.4
952.3	903.1	927.0
639.5	682.6	667.3

2017		2018	2019
Arrivals EU	Dispatches EU	Imports Third countries	Exports Third countries

5

Table 5. Trade Balance : January - November 2017 - 2019

Million euros

January - NovemberChanges %

2017

2018

2019 (1)

2018/2017

2019/2018

Α. Imports - Arrivals

Ι. Total Imports-Arrivals

• Excluding the value of ships
• Excluding oil products and including the value of ships

ΙV. Excluding oil products and the value of ships

B. Exports - Dispatches

Ι. Total Exports-Dispatches

• Excluding the value of ships
• Excluding oil products and including the value of ships

ΙV. Excluding oil products and the value of ships

1. Trade Balance (=B.I-A.I)
2. Trade Balance
   excluding the value of ships (=Β.ΙI - Α.ΙΙ)
3. Trade Balance

excluding oil products and including the value of ships (=Β.ΙIΙ - Α.ΙΙΙ)

F. Trade Balance excluding oil products and

the value of ships (=Β.ΙV - Α.ΙV)

43,238.7	49,852.3	51,050.6	15.3	2.4
43,140.2	49,656.4	50,676.5	15.1	2.1
32,595.7	35,509.1	37,786.8	8.9	6.4
32,497.2	35,313.2	37,412.7	8.7	5.9
26,228.6	30,879.0	30,902.2	17.7	0.1
26,133.1	30,747.5	30,816.8	17.7	0.2
18,212.5	20,372.1	21,275.3	11.9	4.4
18,117.1	20,240.6	21,189.8	11.7	4.7
-17,010.1	-18,973.3	-20,148.4	11.5	6.2
-17,007.1	-18,908.9	-19,859.7	11.2	5.0
-14,383.2	-15,137.0	-16,511.5	5.2	9.1
-14,380.1	-15,072.6	-16,222.9	4.8	7.6

USD (2) million

January - November		Changes %
2017	2018	2019 (1)	2018/2017	2019/2018

Α. Imports - Arrivals

Ι. Total Imports-Arrivals

• Excluding the value of ships
• Excluding oil products and including the value of ships

ΙV. Excluding oil products and the value of ships

Β. Exports - Dispatches

Ι. Total Exports-Dispatches

• Excluding the value of ships
• Excluding oil products and including the value of ships

ΙV. Excluding oil products and the value of ships

48,476.6	58,841.8	57,016.7	21.4	-3.1
48,366.4	58,609.5	56,598.0	21.2	-3.4
36,563.1	41,931.0	42,199.0	14.7	0.6
36,452.8	41,698.7	41,780.3	14.4	0.2
29,597.0	36,660.0	34,720.8	23.9	-5.3
29,490.1	36,504.4	34,624.8	23.8	-5.1
20,561.2	24,204.1	23,903.9	17.7	-1.2
20,454.1	24,048.7	23,808.0	17.6	-1.0

C. Trade Balance (=B.I-A.I)	-18,879.6	-22,181.8	-22,295.9	17.5	0.5
D. Trade Balance	-18,876.3	-22,105.1	-21,973.2	17.1	-0.6
excluding the value of ships (=Β.ΙI - Α.ΙΙ)
E. Trade Balance
excluding oil products and including	-16,001.9	-17,726.9	-18,295.1	10.8	3.2
the value of ships (=Β.ΙIΙ - Α.ΙΙΙ)
F. Trade Balance
excluding oil products and	-15,998.7	-17,650.0	-17,972.3	10.3	1.8
the value of ships (=Β.ΙV - Α.ΙV)

1. Provisional data.
2. Τhe value in dollars of imports and exports is based on the average exchange rate USD / € of the reporting month in the relevant year.

6

Table 6. Imports-Arrivals,Exports-Dispatches including oil products, January-November2017-2019

Imports-Arrivals (€ million)

		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	23,898.0	26,130.5	27,026.7	9.3	3.4
II. Third countries	19,340.7	23,721.8	24,023.9	22.7	1.3
Total	43,238.7	49,852.3	51,050.6	15.3	2.4

Imports - Arrivals (USD (2) million)

		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	26,816.5	30,848.7	30,179.0	15.0	-2.2
II. Third countries	21,660.1	27,993.1	26,837.7	29.2	-4.1
Total	48,476.6	58,841.8	57,016.7	21.4	-3.1

Exports - Dispatches	(€ million)
		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	14,168.3	16,303.0	17,368.4	15.1	6.5
II. Third countries	12,060.3	14,576.0	13,533.8	20.9	-7.2
Total	26,228.6	30,879.0	30,902.2	17.7	0.1

Export s - Dispatches (USD (2) million)

		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	15,981.3	19,360.6	19,512.9	21.1	0.8
II. Third countries	13,615.7	17,299.4	15,207.9	27.1	-12.1
Total	29,597.0	36,660.0	34,720.8	23.9	-5.3

1. Provisional data.
2. Τhe value in dollars of imports and exports is based on the average exchange rate USD / € of the reporting month in the relevant year.

Diagram 4. Imports - Arrivals, Exports - Dispatches,

January - November 2017-2019, million €

	26,130.5	27,026.7
23,898.0	23,721.8	24,023.9
19,340.7
	16,303.0	17,368.4
14,168.3	14,576.0	13,533.8
12,060.3

2017		2018	2019
Arrivals EU	Dispatches EU	Imports Third countries	Exports Third countries

7

Table 7. Imports-Arrivals,Exports-Dispatches excluding oil products, January-November2017-2019

Imports-Arrivals (€ million)

		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	23,155.0	25,043.2	26,051.2	8.2	4.0
II. Third countries	9,440.7	10,465.9	11,735.6	10.9	12.1
Total	32,595.7	35,509.1	37,786.8	8.9	6.4

Imports - Arrivals (USD (2) million)

		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	25,982.8	29,568.8	29,090.9	13.8	-1.6
II. Third countries	10,580.3	12,362.2	13,108.1	16.8	6.0
Total	36,563.1	41,931.0	42,199.0	14.7	0.6

Exports - Dispatches	(€ million)
		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	12,279.3	13,870.0	14,531.2	13.0	4.8
II. Third countries	5,933.2	6,502.1	6,744.1	9.6	3.7
Total	18,212.5	20,372.1	21,275.3	11.9	4.4
Exports - Dispatches (USD (2) million)
		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	13,850.1	16,488.0	16,326.7	19.0	-1.0
II. Third countries	6,711.1	7,716.1	7,577.2	15.0	-1.8
Total	20,561.2	24,204.1	23,903.9	17.7	-1.2

1. Provisional data.
2. Τhe value in dollars of imports and exports is based on the average exchange rate USD / € of the reporting month in the relevant year.

Diagram 5. Imports - Arrivals, Exports - Dispatches, excuding oil

products, January - November 2017-2019, million €

25,043.2	26,051.2

23,155.0

12,279.3		13,870.0	14,531.2
		11,735.6
		10,465.9
9,440.7
6,502.1	6,744.1
	5,933.2
2017		2018	2019
Arrivals EU	Dispatches EU	Imports Third countries	Exports Third countries

8

Table 8: Imports-Arrivals,Exports-Dispatches excluding oil products and ships, January- November 2017 - 2019

Imports-Arrivals (€ million)

		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	23,114.8	24,925.2	25,980.3	7.8	4.2
II. Third countries	9,382.4	10,388.0	11,432.4	10.7	10.1
Total	32,497.2	35,313.2	37,412.7	8.7	5.9

Imports - Arrivals (USD (2) million)

		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	25,938.5	29,430.1	29,011.4	13.5	-1.4
II. Third countries	10,514.3	12,268.6	12,768.9	16.7	4.1
Total	36,452.8	41,698.7	41,780.3	14.4	0.2

Exports - Dispatches	(€ million)
		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	12,247.7	13,780.1	14,518.9	12.5	5.4
II. Third countries	5,869.4	6,460.5	6,670.9	10.1	3.3
Total	18,117.1	20,240.6	21,189.8	11.7	4.7
Exports - Dispatches (USD (2) million)
		January - November		Changes %
	2017	2018	2019 (1)	2018/2017	2019/2018
I. European Union	13,815.9	16,382.0	16,312.9	18.6	-0.4
II. Third countries	6,638.2	7,666.7	7,495.1	15.5	-2.2
Total	20,454.1	24,048.7	23,808.0	17.6	-1.0

1. Provisional data.
2. Τhe value in dollars of imports and exports is based on the average exchange rate USD / € of the reporting month in the relevant year.

Diagram 6. Imports - Arrivals, Exports - Dispatches, excuding oil products and ships, January - November 2017-2019, million €

	24,925.2	25,980.3
23,114.8
	13,780.1	14,518.9
12,247.7
10,388.0	11,432.4
9,382.4
5,869.4	6,460.5	6,670.9

2017		2018	2019
Arrivals EU	Dispatches EU	Imports Third countries	Exports Third countries

9

Table 9. Imports - Arrivals and Exports - Dispatches by SITC sections (Standard International Trade Classification) including

oil products, November 2019(1)

Imports - Arrivals (in million €)

		November 2019	January-November 2019
		E.U.	Third countries	E.U.	Third countries
	Total	2,455.0	1,865.4	27,026.7	24,023.9
0.	Food and live animals	386.6	95.6	4,385.6	1,146.0
1.	Beverages and tobacco	39.9	8.2	500.5	116.5
2.	Crude materials, inedible, except fuels	58.3	64.0	568.2	725.3
3.	Mineral fuels, lubricants, etc	99.5	948.4	1,322.8	12,434.4
4.	Animal and vegetable oils and fats	9.0	9.4	110.0	100.5
5.	Chemicals and related products, n.e.s	637.2	93.1	6,661.2	1,278.6
6.	Manufactured goods classified chiefly by raw material	296.8	217.9	3,192.6	2,691.4
7.	Machinery and transport equipment	584.8	231.0	6,463.5	3,001.6
8.	Miscellaneous manufactured articles	339.3	183.5	3,801.4	2,283.8
9.	Commodities and transactions not classified by category	3.6	14.5	20.8	245.7

Exports - Dispatches (in million €)

		November 2019	January-November 2019
		E.U.	Third countries	E.U.	Third countries
	Total	1,528.4	1,183.9	17,368.4	13,533.8
0.	Food and live animals	310.0	107.6	3,325.6	1,038.5
1.	Beverages and tobacco	42.1	26.8	392.4	300.1
2.	Crude materials, inedible, except fuels	48.1	132.1	400.2	922.9
3.	Mineral fuels, lubricants, etc	232.1	498.5	2,892.8	6,842.7
4.	Animal and vegetable oils and fats	35.3	6.7	277.5	86.7
5.	Chemicals and related products, n.e.s	223.7	92.9	2,750.2	981.0
6.	Manufactured goods classified chiefly by raw material	261.6	129.3	3,110.2	1,590.1
7.	Machinery and transport equipment	177.2	106.9	1,939.7	967.6
8.	Miscellaneous manufactured articles	176.5	60.4	2,027.1	575.7
9.	Commodities and transactions not classified by category	21.8	22.7	252.7	228.5

1. Provisional data.

* Wherever necessary, the data have been rounded up, thus, a slight difference may occur between the sum of the figures and their total.

10

Diagram 7a. Percentage (%) distribution of E.U. arrivals by SITC	Diagram 7b. Percentage (%) distribution of Third countries
	sections, November 2019
		imports by SITC sections, November 2019
	2% 2%	4%	0%		51%
	16%		26%
0%						1%
						5%
14%		12%
				3%		12%
		24%	0%
				5%
					1%
0. Food and live animals				10%	12%
		0. Food and live animals
1.	Beverages and tobacco
	1.	Beverages and tobacco
2.	Crude materials, inedible, except fuels
2.	Crude materials, inedible, except fuels
3.	Mineral fuels, lubricants, etc
	3.	Mineral fuels, lubricants, etc
4.	Animal and vegetable oils and fats
4.	Animal and vegetable oils and fats
5.	Chemicals and related products, n.e.s
5.	Chemicals and related products, n.e.s
6.	Manufactured goods classified chiefly by raw material
6.	Manufactured goods classified chiefly by raw material
7. Machinery and transport equipment
7. Machinery and transport equipment
8.	Miscellaneous manufactured articles
8.	Miscellaneous manufactured articles
9.	Commodities and transactions not classified by category
9.	Commodities and transactions not classified by category

Diagram 8a. Percentage (%) distribution of E.U. dispatches by	Diagram 8b. Percentage (%) distribution of Third countries
	SITC sections, November 2019		exports by SITC sections, November 2019
	3%	3%		11%
	20%	15%		2%
	2%
			9%		42%
1%		15%	2%
12%		5%
	12%	17%		11%	8%
			9%
					1%
0. Food and live animals		0. Food and live animals
1.	Beverages and tobacco		1.	Beverages and tobacco
2.	Crude materials, inedible, except fuels	2.	Crude materials, inedible, except fuels
3.	Mineral fuels, lubricants, etc	3.	Mineral fuels, lubricants, etc
4.	Animal and vegetable oils and fats	4.	Animal and vegetable oils and fats
5.	Chemicals and related products, n.e.s	5.	Chemicals and related products, n.e.s
6.	Manufactured goods classified chiefly by raw material	6.	Manufactured goods classified chiefly by raw material
7. Machinery and transport equipment	7. Machinery and transport equipment
8.	Miscellaneous manufactured articles	8.	Miscellaneous manufactured articles
9.	Commodities and transactions not classified by category	9.	Commodities and transactions not classified by category

Diagram 9. Imports - Arrivals E.U. & Third countries by SITC sections, Jan. - Nov. 2019, million €

Third countries

9. Commodities and transactions not classified by category

E.U.

8. Miscellaneous manufactured articles

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 2,000.0 3,000.0 4,000.0 5,000.0 6,000.0 7,000.0 8,000.0 9,000.0 10,000.0 11,000.0 12,000.0 13,000.0

Diagram 10. Exports - Dispatches E.U. & Third countries by SITC sections, Jan. - Nov. 2019, 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

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

7,000.0

11

		Table 10. Commercial Transactions with EU and Third Countries 2017-2019
			Imports - Arrivals			Exports - Dispatches
				Changes %				Changes %
							compared with
				compared with the
Year and	Value	Monthly Changes	Value		Monthly Changes %	the
Month	in million €	%	corresponding	in million €		corresponding
month of the
							month of the
				previous year
							previous year
2017(2):	1	3,567.5	-7.7	25.6	2,142.5		-8.1	25.1
	2	3,809.9	6.8	11.1	2,108.0		-1.6	10.4
	3	4,627.0	21.4	27.5	2,660.2		26.2	26.8
	4	3,567.4	-22.9	3.8	2,321.0		-12.8	9.6
	5	4,093.7	14.8	17.5	2,572.1		10.8	26.6
	6	3,832.1	-6.4	7.6	2,408.2		-6.4	13.1
	7	3,983.5	3.9	11.1	2,429.7		0.9	7.3
	8	3,704.6	-7.0	18.3	2,034.3		-16.3	4.5
	9	3,750.5	1.2	-0.6	2,420.1		19.0	1.8
	10	4,355.1	16.1	18.2	2,514.9		3.9	9.6
	11	3,947.5	-9.4	1.3	2,617.5		4.1	17.1
	12	4,117.9	4.3	6.5	2,636.8		0.7	13.2
Total year	47,356.6		11.9	28,865.4			13.4
2018(2):	1	4,467.4	8.5	25.2	2,542.3		-3.6	18.7
	2	3,926.7	-12.1	3.1	2,426.1		-4.6	15.1
	3	4,458.9	13.6	-3.6	2,900.7		19.6	9.0
	4	4,308.1	-3.4	20.8	2,606.7		-10.1	12.3
	5	4,362.8	1.3	6.6	2,955.8		13.4	14.9
	6	5,017.1	15.0	30.9	3,035.0		2.7	26.0
	7	4,680.2	-6.7	17.5	2,959.9		-2.5	21.8
	8	4,325.4	-7.6	16.8	2,568.2		-13.2	26.2
	9	4,514.0	4.4	20.4	2,671.6		4.0	10.4
	10	5,228.6	15.8	20.1	3,152.4		18.0	25.4
	11	4,563.1	-12.7	15.6	3,060.3		-2.9	16.9
	12	4,267.4	-6.5	3.6	2,592.6		-15.3	-1.7
Total year	54,119.7		14.3	33,471.6			16.0
2019(1)(2):1	4,621.7	8.3	3.5	2,514.8		-3.0	-1.1
	2	4,258.5	-7.9	8.5	2,689.9		7.0	10.9
	3	4,748.0	11.5	6.5	2,808.8		4.4	-3.2
	4	4,598.1	-3.2	6.7	2,981.3		6.1	14.4
	5	5,277.2	14.8	21.0	3,069.7		3.0	3.9
	6	4,342.6	-17.7	-13.4	2,782.4		-9.4	-8.3
	7	5,077.0	16.9	8.5	3,203.8		15.1	8.2
	8	4,139.2	-18.5	-4.3	2,396.8		-25.2	-6.7
	9	4,774.6	15.3	5.8	2,858.0		19.2	7.0
	10	4,893.3	2.5	-6.4	2,884.5		0.9	-8.5
	11	4,320.4	-11.7	-5.3	2,712.4		-6.0	-11.4

(1)Provisional data

1. 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 2017-2019

in million €

5,000

3,500

2,000

500

-1,000

-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 V VI VII VIII IX X XI
2017	2018	2019

Trade Balance		Imports - Arrivals	Exports - Dispatches

12

Table 11. Commercial Transactions with EU and Third Countries 2017 - 2019 excluding oil products

			Imports - Arrivals			Exports - Dispatches
				Changes %				Changes %
Year and	Value	Monthly Changes	compared with the	Value		Monthly Changes	compared with the
Month		in million €	%	corresponding	in million €		%	corresponding
	month of the		month of the
				previous year				previous year
2017(2):	1	2,600.2	-5.3	12.0	1,428.3		-12.9	7.7
	2	2,755.8	6.0	-1.5	1,480.6		3.7	-1.3
	3	3,300.5	19.8	9.8	1,863.8		25.9	13.7
	4	2,799.4	-15.2	0.7	1,523.1		-18.3	-5.5
	5	3,145.0	12.3	13.6	1,726.1		13.3	21.1
	6	3,032.1	-3.6	5.0	1,791.3		3.8	12.1
	7	3,076.3	1.5	8.4	1,710.4		-4.5	1.3
	8	2,548.6	-17.2	7.3	1,380.4		-19.3	9.2
	9	2,966.4	16.4	2.3	1,687.9		22.3	1.4
	10	3,142.6	5.9	15.4	1,802.8		6.8	12.8
	11	3,228.8	2.7	12.1	1,817.6		0.8	8.3
	12	2,904.5	-10.0	5.8	1,786.1		-1.7	8.9
Total year	35,500.2		7.5	19,998.5			7.3
2018(2):	1	3,068.2	5.6	18.0	1,708.3		-4.4	19.6
	2	2,928.5	-4.6	6.3	1,697.0		-0.7	14.6
	3	3,401.8	16.2	3.1	2,023.3		19.2	8.6
	4	2,994.6	-12.0	7.0	1,721.6		-14.9	13.0
	5	3,265.6	9.0	3.8	1,885.1		9.5	9.2
	6	3,491.6	6.9	15.2	2,091.1		10.9	16.7
	7	3,461.7	-0.9	12.5	1,925.8		-7.9	12.6
	8	2,852.3	-17.6	11.9	1,528.9		-20.6	10.8
	9	3,109.5	9.0	4.8	1,749.5		14.4	3.6
	10	3,634.9	16.9	15.7	2,030.4		16.1	12.6
	11	3,300.2	-9.2	2.2	2,011.2		-0.9	10.6
	12	3,119.5	-5.5	7.4	1,830.3		-9.0	2.5
Total year	38,628.6		8.8	22,202.3			11.0
2019(1)(2): 1	3,266.0	4.7	6.4	1,802.3		-1.5	5.5
	2	3,301.1	1.1	12.7	1,863.2		3.4	9.8
	3	3,421.3	3.6	0.6	1,993.5		7.0	-1.5
	4	3,366.5	-1.6	12.4	1,943.3		-2.5	12.9
	5	3,780.5	12.3	15.8	2,027.5		4.3	7.6
	6	3,340.2	-11.6	-4.3	1,920.3		-5.3	-8.2
	7	3,742.4	12.0	8.1	2,117.2		10.3	9.9
	8	2,969.9	-20.6	4.1	1,591.6		-24.8	4.1
	9	3,534.5	19.0	13.7	1,918.2		20.5	9.6
	10	3,754.0	6.2	3.3	2,112.1		10.1	4.0
	11	3,310.3	-11.8	0.3	1,986.0		-6.0	-1.3

(1)Provisional data

1. 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 12. Commercial Transactions with EU & Third countries 2017-2019 excluding oil

products

5,000

€

3,500

in million

2,000

500

-1,000

-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

V

VI VII

VIII

IX

X

XI

2017

2018

2019

Trade Balance

Imports - Arrivals

Exports - Dispatches

13

Table 12. Commercial Transactions with EU and Third Countries 2017 - 2019 excluding oil products and ships

			Imports - Arrivals			Exports - Dispatches
				Changes %				Changes %
Year and	Value	Monthly Changes	compared with the	Value		Monthly Changes	compared with the
Month		in million €	%	corresponding	in million €		%	corresponding
	month of the		month of the
				previous year				previous year
2017(2): 1	2,594.0	-5.4	12.2	1,399.6		-14.2	5.7
	2	2,753.2	6.1	0.8	1,479.4		5.7	-1.2
	3	3,283.5	19.3	10.1	1,860.9		25.8	13.7
	4	2,790.1	-15.0	0.9	1,516.9		-18.5	-4.0
	5	3,131.8	12.2	13.7	1,715.6		13.1	21.4
	6	3,024.5	-3.4	5.5	1,780.9		3.8	12.9
	7	3,064.3	1.3	8.1	1,706.6		-4.2	2.0
	8	2,543.4	-17.0	7.1	1,366.2		-19.9	8.5
	9	2,959.4	16.4	2.2	1,684.9		23.3	1.3
	10	3,141.6	6.2	15.7	1,801.4		6.9	12.8
	11	3,211.4	2.2	11.6	1,804.7		0.2	8.4
	12	2,880.7	-10.3	5.1	1,778.0		-1.5	9.0
Total year	35,377.8		7.7	19,895.0			7.4
2018(2):	1	3,060.5	6.2	18.0	1,706.0		-4.0	21.9
	2	2,920.7	-4.6	6.1	1,688.3		-1.0	14.1
	3	3,359.9	15.0	2.3	2,014.2		19.3	8.2
	4	2,981.7	-11.3	6.9	1,714.4		-14.9	13.0
	5	3,251.3	9.0	3.8	1,881.7		9.8	9.7
	6	3,414.8	5.0	12.9	2,012.5		7.0	13.0
	7	3,456.4	1.2	12.8	1,918.4		-4.7	12.4
	8	2,849.9	-17.5	12.1	1,527.3		-20.4	11.8
	9	3,098.1	8.7	4.7	1,742.7		14.1	3.4
	10	3,623.8	17.0	15.3	2,027.6		16.3	12.6
	11	3,296.1	-9.0	2.6	2,007.6		-1.0	11.2
	12	3,115.9	-5.5	8.2	1,829.0		-8.9	2.9
Total year	38,429.1		8.6	22,069.6			10.9
2019(1)(2):	1	3,174.6	1.9	3.7	1,800.3		-1.6	5.5
	2	3,292.0	3.7	12.7	1,855.4		3.1	9.9
	3	3,408.4	3.5	1.4	1,972.4		6.3	-2.1
	4	3,355.3	-1.6	12.5	1,940.7		-1.6	13.2
	5	3,765.6	12.2	15.8	2,024.3		4.3	7.6
	6	3,319.9	-11.8	-2.8	1,908.0		-5.7	-5.2
	7	3,722.9	12.1	7.7	2,112.9		10.7	10.1
	8	2,792.0	-25.0	-2.0	1,587.1		-24.9	3.9
	9	3,532.2	26.5	14.0	1,916.5		20.8	10.0
	10	3,749.1	6.1	3.5	2,107.6		10.0	3.9
	11	3,300.7	-12.0	0.1	1,964.6		-6.8	-2.1

(1)Provisional data

1. 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 13. Commercial Transactions with EU & Third countries 2017-2019 excluding oil

products and ships

5,000

3,500

€

2,000

million

500

in

-1,000

-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

V

VI VII

VIII

IX

X

XI

2017

2018

2019

Trade Balance		Imports - Arrivals	Exports - Dispatches

14

Commercial

Transactions of

Greece

Legal Framework

Reference Period

Availability of

Results

Definitions

Methodology

EXPLANATORY NOTES

The Commercial Transactions are recorded on a monthly basis aiming at monitoring the total value of imports/arrivals, exports/dispatches and their changes. This recording does not include the imports and exports of services; however the imports and exports of services together with the corresponding commercial transactions are taken into account for the compilation of National Accounts tables.

The survey is conducted by virtue of the following EU Regulations:

• for intra-EU trade (Intrastat), in accordance with Regulation (EC) 638/2004,as amended and in force, and
  Regulation (EU) 96/2010.
• for trade with third countries (Extrastat), in accordance with Regulation (EC) 471/2009 and Regulation
  (EU) 113/2010.
  November 2019

38 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.

INTRASTAT is the system for collecting Intra EU statistical data (among the EU countries). It was implemented on January 1st, 1993.

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).

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 2019 are the following:

•	Arrivals:	€ 150,000.00	(95.0% coverage)
•	Dispatches:	€ 90,000.00	(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 the following links: http://eurostat.statistics.gr or www.statistics.gr.

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 1,000 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 AND AIRCRAFTS: In accordance with EU Regulations put into force in 2010 (Regulations (EU) 96/2010, 113/2010), the EU Member States are obliged to record the transactions of special goods and movements and more specifically of vessels and aircrafts in line with the principle of economic ownership.

"Economic ownership" means the right of a taxable person to claim the benefits associated with the use of a vessel or aircraft in the course of an economic activity by virtue of accepting the associated risks.

For the compilation of statistics on imports/arrivals and exports/dispatches of ships are used Intrastat data, data from administrative sources (Customs, Ministry of Marine and Island Policy), as well as data from national and international commercial databases based on the estimation model of the Bank of Greece for the Greek shipping (see Press Release on Balance of Payments published by the Bank of Greece on 20.11.2018).

The compilation of statistics on imports/arrivals and exports/dispatches of aircrafts is based on Intrastat data and data from administrative sources (Customs, Hellenic Civil Aviation Authority).

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 (www.statistics.gr) under the link "Statistics / International Trade in Goods" .

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