Greek exports returned to an upward trend in November 2011, after a decline in October, while imports continued to drop sharply due to an increasing decline in local consumer demand, according to flash estimates released by the independent Hellenic Statistical Authority (ELSTAT) on Monday.

ELSTAT, in a report, said that the total value of imports-arrivals, excluding oil products, for the 12-month time period of December 2010 - November 2011 decreased by 12.5% compared to the corresponding 12- month time period of December 2009 - November 2010. The total value of imports-arrivals, excluding oil products, in November 2011 amounted to 2587.0 million euros against 3110.7 million euros in November 2010, recording a drop of 16.8%.

The total value of exports-dispatches, excluding oil products, for the 12-month time period of December 2010 - November 2011 increased by 12.1 compared to the corresponding 12-month time period of December 2009 - November 2010. The total value of exports-dispatches in November 2011 amounted to 1727.7 million euros against 1709.2. million euros in November 2010, recording an increase of 1.1%.

The total value of exports-dispatches, excluding oil products, in November 2011 amounted to 1420.1 million euros against 1465.0 million euros in November 2010, recording a drop of 3.1%. The total value of exports-dispatches, excluding oil products, for the 12-month time period of December 2010 - November 2011 increased by 12.1% compared to the corresponding 12-month time period of December 2009 - November 2010.