Balance of payments shows shipping on course for bumper year, but economic benefits unclear

EconomyFeatures Tags: BOP, Russia, Shipping By: Georgia Nakou

Shipping provided the one bright spot in Greece’s trade balance in May, with transportation contributing 2.16 billion in receipts, compared to 1.44 billion the same month last year, an increase of 50 pct. In the five months between January and May, transportation receipts totalled 9.2 billion euros compared to 6.4 billion for the same period in 2021 according to official figures from the Bank of Greece.

The figures are some of the highest ever recorded, suggesting that the Greek shipping sector is on course for a record year.

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