EL.STAT. - Hellenic Statistical Authority : Commercial Transactions of Greece (Merchandise Trade) ( November 2013 ) (Prov...

HELLENIC REPUBLIC HELLENIC STATISTICAL AUTHORITY

PRESS RELEASE

Piraeus, 24 January 2014

COMMERCIAL TRANSACTIONS OF GREECE : November 2013

( Provisional Data )

The total value of imports-arrivals, in November 2013 amounted to 3680,5 million euros (4951,0 million dollars) in comparison with 4342,9 million euros (5554,2 million dollars) in November 2012, recording a drop, in euros, of 15,3%.The corresponding change excluding oil products recorded an increase of 113,4 million euros or 4,4% (Table 1).

The total value of exports-dispatches, in November 2013 amounted to 2143,3 million euros (2900,7 million dollars) in comparison with 2767,1 million euros (3560,3 million dollars) in November 2012, recording a drop, in euros, of 22,5%. The corresponding change excluding oil products recorded a drop of 125,0 million euros or 7,8% (Table 1).

The deficit of the trade balance, in November 2013 amounted to 1537,2 million euros (2050,3 million dollars) in comparison with 1575,8 million euros (1993,9 million dollars) in November 2012, recording a drop, in euros, of 2,4% (Table 1). The corresponding change excluding oil products recorded an increase of 238,4 million euros or 25,0% (Table 1).

The total value of imports-arrivals, for the 11-month period from January to November 2013 amounted to 43235,3 million euros (57101,5 million dollars) in comparison with 45444,3 million euros (58174,6 million dollars) for the corresponding period of the year 2012 recording a drop, in euros, of 4,9%. The corresponding change excluding oil products recorded a drop of 1261,8 million euros or 4,4% (Table 5).

The total value of exports-dispatches, for the 11-month period from January to November 2013 amounted to 25378,4 million euros (33700,3 million dollars) in comparison with 25151,1 million euros (32363,3 million dollars) for the corresponding period of the year 2012, recording an increase, in euros, of 0,9%. The corresponding change excluding oil products recorded a drop of

391,0 million euros or 2,5% (Table 5).

The deficit of the Trade Balance, for the 11-month period from January to November 2013 amounted to 17856,9 million euros (23401,2 million dollars) in comparison with 20293,2 million euros (25811,3 million dollars) for the corresponding period of the year 2012, recording a drop, in euros, of 12,0%. The corresponding change excluding oil products recorded a drop of 870,8 million euros or 6,7% (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:

Division of Statistics on Trade and Services

Section of External Trade Statistics

Eleni Pandi

Tel : [phone]

Fax : [phone]

e-mail : [e-mail]

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Table 1. Trade Balance : November 2011 - 2013(1)

Million euros

November

Changes %

Α. Imports-Arrivals (3)

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

Ι. Including the value of ships	3.880,7	4.342,9	3.680,5	11,9	-15,3
ΙΙ. Excluding the value of ships	3.817,7	4.309,0	3.424,8	12,9	-20,5

ΙΙΙ. Excluding oil products and including

the value of ships 2.811,2 2.551,7 2.665,1 -9,2 4,4

B. Exports-Dispatches (3)

Ι. Including the value of ships 2.003,4 2.767,1 2.143,3 38,1 -22,5

ΙΙ. Excluding the value of ships 2.000,5 2.755,0 2.138,3 37,7 -22,4

ΙIΙ. Excluding oil products and including

the value of ships 1.480,6 1.596,2 1.471,2 7,8 -7,8

C. Trade Balance

including the value of ships (=B.I-A.I) -1.877,3 -1.575,8 -1.537,2 -16,1 -2,4

D. Trade Balance

excluding the value of ships (=Β.ΙI - Α.ΙΙ) -1.817,2 -1.554,0 -1.286,5 -14,5 -17,2

E. Trade Balance

excluding oil products and

including the value of ships (=Β.ΙIΙ - Α.ΙΙΙ)

-1.330,6 -955,5 -1.193,9 -28,2 25,0

USD (2) million

November

Changes %

Α. Imports-Arrivals (3)

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

Ι. Including the value of ships 5.245,0 5.554,2 4.951,0 5,9 -10,9

ΙΙ. Excluding the value of ships 5.159,7 5.510,9 4.607,0 6,8 -16,4

ΙΙΙ. Excluding oil products and including

the value of ships 3.799,4 3.263,5 3.585,0 -14,1 9,9

Β. Exports-Dispatches (3)

C.

D.

E.

(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

(3)The data of the Intra EU trade have been adjusted to the total trade with EU countries.The "incomplete customs declarations" for the corresponding month have been incorporated in the data on trade with third countries.

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Table 2. Imports-Arrivals, Exports-Dispatches including oil products, November 2011 - 2013(1) Imports-Arrivals (3) (€ million)

November

Changes %

	2011 (1)	2012 (1)	2013 (1)	2012/2011	2013/2012
I. European Union	2.132,0	2.011,7	1.832,4	-5,6	-8,9
II. Third countries	1.748,7	2.331,2	1.848,1	33,3	-20,7
Total	3.880,7	4.342,9	3.680,5	11,9	-15,3

Imports-Arrivals (3) (USD (2) million)

November

Changes %

	2011 (1)	2012 (1)	2013 (1)	2012/2011	2013/2012
I. European Union	2.881,5	2.572,8	2.465,0	-10,7	-4,2
II. Third countries	2.363,5	2.981,4	2.486,0	26,1	-16,6
Total	5.245,0	5.554,2	4.951,0	5,9	-10,9

Exports-Dispatches (3) (€ million) Exports-Dispatches (3) (USD (2) million)

November

November

Changes %

Changes %

	2011 (1)	2012 (1)	2013 (1)	2012/2011	2013/2012
I. European Union	1.466,1	1.465,5	1.327,9	0,0	-9,4
II. Third countries	1.257,7	2.094,8	1.572,8	66,6	-24,9
Total	2.723,8	3.560,3	2.900,7	30,7	-18,5

(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.

(3)The data of the Intra EU trade have been adjusted to the total trade with EU countries.The "incomplete customs declarations" for the corresponding month have been incorporated in the data on trade with third countries.

Diagram 1. Imports-Arrivals, Exports-Dispatches including oil products

November

USD million

4.000,0

3.000,0

2.000,0

1.000,0

0,0

-1.000,0

-2.000,0

-3.000,0

-4.000,0

-5.000,0

-6.000,0

2011 2012 2013
Arrivals EU Dispatches EU ImportsThird countries Exports Third countries

3

Table 3. Imports-Arrivals, Exports-Dispatches excluding oil products, November 2011 - 2013(1) Imports-Arrivals (3) (€ million)

November

Changes %

	2011 (1)	2012 (1)	2013 (1)	2012/2011	2013/2012
I. European Union	2.041,4	1.882,4	1.781,4	-7,8	-5,4
II. Third countries	769,8	669,3	883,7	-13,1	32,0
Total	2.811,2	2.551,7	2.665,1	-9,2	4,4

Imports-Arrivals (3) (USD (2) million)

November

Changes %

	2011 (1)	2012 (1)	2013 (1)	2012/2011	2013/2012
I. European Union	2.759,0	2.407,5	2.396,3	-12,7	-0,5
II. Third countries	1.040,4	856,0	1.188,7	-17,7	38,9
Total	3.799,4	3.263,5	3.585,0	-14,1	9,9

Exports-Dispatches (3) (€ million) Exports-Dispatches (3) (USD (2) million)

November

November

Changes %

Changes %

	2011 (1)	2012 (1)	2013 (1)	2012/2011	2013/2012
I. European Union	1.284,9	1.223,3	1.207,0	-4,8	-1,3
II. Third countries	728,1	830,5	784,0	14,1	-5,6
Total	2.013,0	2.053,8	1.991,0	2,0	-3,1

(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.

(3)The data of the Intra EU trade have been adjusted to the total trade with EU countries.The "incomplete customs declarations" for the corresponding month have been incorporated in the data on trade with third countries.

3.000

Diagram 2. Imports-Arrivals, Exports-Dispatches excluding oil products

November

USD million

2.000

1.000

0

-1.000

-2.000

-3.000

-4.000

-5.000

2011 2012 2013
Arrivals EU Dispatches EU ImportsThird countries Exports Third countries

4

Table 4: Imports-Arrivals, Exports-Dispatches excluding oil products and ships, November 2011 - 2013(1) Imports-Arrivals (3) (€ million)

November

Changes %

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

I. European Union 2.040,9 1.881,8 1.781,1 -7,8 -5,4
II. Third countries 707,2 636,0 628,3 -10,1 -1,2

Total 2.748,1 2.517,8 2.409,4 -8,4 -4,3

Imports-Arrivals (3) (USD (2) million)

November

Changes %

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

I. European Union 2.758,3 2.406,7 2.395,9 -12,7 -0,4
II. Third countries 955,9 813,4 845,2 -14,9 3,9

Total 3.714,2 3.220,1 3.241,1 -13,3 0,7

Exports-Dispatches (3) (€ million)

November

Changes %

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

I. European Union 944,4 950,4 891,6 0,6 -6,2
II. Third countries 533,4 633,7 574,6 18,8 -9,3

Total 1.477,8 1.584,1 1.466,2 7,2 -7,4

Exports-Dispatches (3) (USD (2) million)

November

Changes %

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

I. European Union 1.284,1 1.222,8 1.206,7 -4,8 -1,3
II. Third countries 725,2 815,4 777,6 12,4 -4,6

Total 2.009,3 2.038,2 1.984,3 1,4 -2,6

(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.
(3)The data of the Intra EU trade have been adjusted to the total trade with EU countries.The "incomplete customs declarations" for the corresponding month have been incorporated in the data on trade with third countries.

2.500

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

November

USD million

1.500

500

-500

-1.500

-2.500

-3.500

-4.500

2011 2012 2013
Arrivals EU Dispatches EU ImportsThird countries Exports Third countries

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Table 5. Trade Balance : January - November 2011 - 2013(1)

Million euros

January -November

Changes %

Α. Imports-Arrivals (3)

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

Ι. Including the value of ships	44.485,5	45.444,3	43.235,3	2,2	-4,9
ΙΙ. Excluding the value of ships	43.285,0	43.558,7	42.019,2	0,6	-3,5

ΙΙΙ. Excluding oil products and including

the value of ships 31.392,9 28.827,6 27.565,8 -8,2 -4,4

B. Exports-Dispatches (3)

C.

D.

E.

USD (2) million

January -November

Changes %

Α. Imports-Arrivals (3)

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

Ι. Including the value of ships	62.056,3	58.174,6	57.101,5	-6,3	-1,8
ΙΙ. Excluding the value of ships	60.388,7	55.755,5	55.491,1	-7,7	-0,5

ΙΙΙ. Excluding oil products and including

the value of ships 43.775,0 36.894,3 36.400,2 -15,7 -1,3

Β. Exports-Dispatches (3)

C.

D.

E.

(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.

(3)The data of the Intra EU trade have been adjusted to the total trade with EU countries.The "incomplete customs declarations" for the corresponding month have been incorporated in the data on trade with third countries.

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Table 6. Imports-Arrivals, Exports-Dispatches including oil products, January-November 2011-2013(1) Imports-Arrivals (3) (€ million) Imports-Arrivals (3) (USD (2) million)

January - November

January - November

Changes %

Changes %

	2011 (1)	2012 (1)	2013 (1)	2012/2011	2013/2012
I. European Union	32.038,1	26.493,9	26.653,9	-17,3	0,6
II. Third countries	30.018,2	31.680,7	30.447,6	5,5	-3,9
Total	62.056,3	58.174,6	57.101,5	-6,3	-1,8

Exports-Dispatches (3) (€ million) Exports-Dispatches (3) (USD (2) million)

January - November

January - November

Changes %

Changes %

	2011 (1)	2012 (1)	2013 (1)	2012/2011	2013/2012
I. European Union	16.126,6	14.409,6	15.672,5	-10,6	8,8
II. Third countries	14.720,2	17.953,7	18.027,8	22,0	0,4
Total	30.846,8	32.363,3	33.700,3	4,9	4,1

(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.

(3)The data of the Intra EU trade have been adjusted to the total trade with EU countries.The "incomplete customs declarations" for the corresponding month have been incorporated in the data on trade with third countries.

35.000

30.000

25.000

20.000

15.000

10.000

5.000

0

-5.000

-10.000

-15.000

-20.000

-25.000

-30.000

-35.000

-40.000

-45.000

-50.000

-55.000

-60.000

-65.000

Diagram 4. Imports-Arrivals, Exports-Dispatches including oil products

(January - November) USD million

2011 2012 2013

Arrivals EU Dispatches EU ImportsThird countries Exports Third countries

7

Table 7. Imports-Arrivals, Exports-Dispatches excluding oil products, January-November 2011-2013(1)

Imports-Arrivals (3) (€ million) Imports-Arrivals (3) (USD (2) million) Exports-Dispatches (3) (€ million) Exports-Dispatches (3) (USD (2) million)

(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.

(3)The data of the Intra EU trade have been adjusted to the total trade with EU countries.The "incomplete customs declarations" for the corresponding month have been incorporated in the data on trade with third countries.

25.000

20.000

15.000

10.000

5.000

0

-5.000

-10.000

-15.000

-20.000

-25.000

-30.000

-35.000

-40.000

-45.000

-50.000

Diagram 5. Imports-Arrivals, Exports-Dispatches excluding oil products

(January - November) USD million

2011 2012 2013

Arrivals EU Dispatches EU ImportsThird countries Exports Third countries

8

Table 8: Imports-Arrivals, Exports-Dispatches excluding oil products and ships, January- November 2011 - 2013(1)

Imports-Arrivals (3) (€ million)

January -November

Changes %

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

I. European Union 22.123,6 19.647,6 19.209,2 -11,2 -2,2
II. Third countries 8.068,8 7.294,4 7.140,4 -9,6 -2,1

Total 30.192,4 26.942,0 26.349,6 -10,8 -2,2

Imports-Arrivals (3) (USD (2) million)

January -November

Changes %

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

I. European Union 30.853,0 25.143,5 25.365,6 -18,5 0,9
II. Third countries 11.254,5 9.331,8 9.424,2 -17,1 1,0

Total 42.107,5 34.475,3 34.789,8 -18,1 0,9

Exports-Dispatches (3) (€ million)

January -November

Changes %

2011 (1) 2012 (1) 2013 (1) 2012/2011 2013/2012

I. European Union 10.261,4 9.856,2 9.829,5 -3,9 -0,3
II. Third countries 5.142,1 5.863,9 5.529,5 14,0 -5,7

Total 15.403,5 15.720,1 15.359,0 2,1 -2,3

Exports-Dispatches (3) (USD (2) million)		Changes %
	January -November	Changes %
	2011 (1) 2012 (1)	2013 (1)	2012/2011	2013/2012
I. European Union	14.397,7 12.685,4	13.052,6	-11,9	2,9
II. Third countries	7.212,5 7.546,7	7.349,5	4,6	-2,6
Total	21.610,2 20.232,1	20.402,1	-6,4	0,8

(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.
(3)The data of the Intra EU trade have been adjusted to the total trade with EU countries.The "incomplete customs declarations" for the corresponding month have been incorporated in the data on trade with third countries.

25.000

20.000

15.000

10.000

5.000

0

-5.000

-10.000

-15.000

-20.000

-25.000

-30.000

-35.000

-40.000

-45.000

Diagram 6. Imports-Arrivals, Exports-Dispatches excluding oil products and ships

(January - November) USD million

2011 2012 2013

Arrivals EU Dispatches EU ImportsThird countries Exports Third countries

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Commercial Transactions of Greece

EXPLANATORY NOTES

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 changes on a percentage basis of the above-mentioned categories. Concequently, there are not included in them, the transactions of services and the non-registered transactions, which these two latter categories of transactions, along with the commercial transactions are taken into account in the compilation of the tables of the National Accounts.

Legal Framework The survey is conducted in compliance with the following Regulations of the European Union:

· Regulation 638/2004, as it was amended by the Regulation 222/2009, as far as the intra EU trade (INTRASTAT) is concerned.

· Regulation 471/2009, as far as the trade with Third Countries

(Extrastat) is concerned.

Reference Period

Availability of

Results

Month

40 days after the end of the reference month (estimations) and 56 days after the end of the reference month (provisional).

Definitions INTRASTAT is the system for collecting Intra EU statistical data (among the countries of the EU). 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.

Methodology

References

EXTRASTAT is the system for collecting external trade statistical data (with 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 inventory statistical survey. The parties responsible for providing information through the Intrastat System are the enterprises which have intra EU transactions and they have exceeded the statistical thresholds, which are in effect for each year. The statistical thresholds are readjusted by the Hellenic Statistical Authority, every year.

The statistical thresholds for 2013 are the following:

• Arrivals: € 100,000.00 (96,50% coverage)

• Dispatches: € 90,000.00 (97,75% coverage)

ELECTRONIC SUBMISSION: From 2003 onwards, the Intrastat form can be submitted electronically at the following links: http://eurostat.statistics.gr or www.statistics.gr. Nowadays, 80-

85% of the forms is submited electronically.

EXTRASTAT: It is a statistical survey where data are collected by administrative sources. All the transactions above the amount of 1.000 euros are registered. The Customs Authorities of the country collect the statistical data on trade filling in the Single Administrative Document (SAD). In the beginning of each month they send to the Hellenic Statistical Authority an electronic file with the statistical data of the previous month.

METHODOLOGICAL REVISION

In the framework of the Action Plan which ELSTAT implemented in collaboration with Eurostat, during the period 2011-2012, aiming at enhancing External Trade Statistics of Greece, the applied methodological adjustments refer to:

EU Trade

The statistical data of the Intra EU-Trade also include the transactions of the enterprises, which are not obliged to submit data to the Intrastat system, since the value of their transactions is below the applied statistical threshold. In compliance with the obligations provided for in EU Regulations on 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.

Trade with Third Countries:

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.

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).

More information concerning the survey on Commercial Transactions is available on the website of the Hellenic Statistical Authority (www.statistics.gr) under the link "Statistical Themes / Trade - Services / Imports-Exports / External Trade" click on (INTRASTAT) or trade with non EU Member countries.

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