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For the 12 month period January-December 2016, the trade balance decreased on a yearly basis by -€805 mn (+€250.2 mn, -€564.6 mn, -€697.9 mn and +€206.6 mn in Q1, Q2, Q3 and Q4 2016 respectively). The balance in oil products increased by +€881.9 mn while the balances in ships and excluding oil products and ships contracted by -369.8 and -1,318.0 respectively.
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