Trade

EXPORTS - 2019

According to the most recent (provisional) data of the Hellenic Statistical Authority, the total value of exports for 2019 amounted to €33,800.7 million, compared to €33,417.6 million in 2018, presenting a 1.0% increase. Excluding petroleum products, the exports during the same period presented a 4.7% increase (€23,237.6 million from €22,202.4 million in 2018), whereas excluding petroleum products and shipping the increase amounted to 4.9% (from €22,069.7 million to €23,144.1 million).

The largest share of exports for 2019 is occupied by fuel (31.6%) followed by industrial goods classified according to raw material (14.9%), food (14.2%) and chemical products (12.1%).

Regarding imports, the total value of imports during 2019, amounted to €55,521.0 million, compared to €54,119.7 million during the same period in 2018, presenting a 2.6% increase. Excluding petroleum products, the increase during the same period amounted to 6.5% (from €38,628.6 million to €41,122.8 million), whereas excluding petroleum products and shipping amounted to 5.8% (from €38,429.1 million to €40,658.6 million).

The largest share of imports for 2019 is occupied by fuel (approximately 26.9% of imports) followed by transport material and machinery (18.8%) and chemical products (15.5%).

Destination countries (2019):

Exports to the European Union amounted to 56% during 2019, demonstrating its special weight in Greek export trade. A dynamic increase of Greek exports in 2019 occurred to the following countries: Italy, Cyprus, Bulgaria, Israel, Hungary, Australia, etc. The main partners include:

- Italy (10.8%)

- Germany (6.8%)

- Cyprus (6.1%)

- Turkey (5.8%)

- Bulgaria (4.8%)

- USA (3.9%)

- United Kingdom (3.7%)

- France (3.5%)

 

IMPORTS - 2019

The imports were increased by 2.6% during 2019 and amounted to €55,521.0 million, from €54,119.7 million in 2018.

Countries of origin (2019):

The EU is also an important import trade partner of Greece, with a share of 53.1%. The main countries include:

- Germany (11.1%)

- Italy (8.6%)

- Iraq (8.2%)

- Russia (7.3%)

- China (7.3%)

- Netherlands (5.0%)

- France (4.3%)

- Spain (3.7%)

Total foreign trade

The total of the foreign trade of goods transactions (imports + exports) of Greece amounted to €89,321.7 in 2019. The exports of goods are lower than the imports, however large part of the trade deficit is covered, mainly by the export of services like shipping, tourism, financial services, etc.

Import-Export Data

Greek Exports/Country (in millions Euros)

Country 2019
2018
2017
Italy 3,659 3,479 3,080
Germany

2,290

2,146 2,056
Cyprus 2,058 1,896 1,857
Turkey 1,973 2,035 1,953
Bulgaria 1,639 1,493 1,396
USA 1,305 1,371 1,123
UK 1,242 1,213 1,126
France 1,197 1,018 777
Lebanon 1,165 1,490 1,250
Spain 1,114 1,111 703
Romania 1,040 970 875
Other 15,119 15,250 12,669

TOTAL

33,801 33,472 28,865


Greek Imports / Country (in million Euros)

Country 2019 2018 2017
Germany 6,139 5,823 5,278
Italy 4,773 4,526 4,091
Iraq 4,557 4,524 3,146
Russia 4,079 4,141 3,421
China 4,061 3,445 2,719
Netherlands 2,788 2,815 2,675
France 2,397 2,181 1,141
Spain 2,038 2,071 1,775
Bulgaria 1,983 1,888 1,736
Turkey 1,943 1,848 1,429
Belgium 1,725 1,707 1,773
Other 19,038 19,151 17,173
TOTAL 55,521 54,120 47,357

 

Greek Exports / Sector (in million Euros)

2019

2018

2017

Mineral fuels and lubricants

10,673

11,485

8,980

Industrial goods mainly classified by material

5,022

5,243

4,638

Food and live animals

4,806

4,617

4,365

Chemicals

4,104

3,495

3,072

Machinery and transport equipment

3,173

2,928

2,579

Various industrial products

2,843

2,344

2,115

Other

3,180

3,360

3,116

TOTAL

33,801

33,472

28,865


Greek Imports / Sector (in million Euros)

2019

2018

2017

Mineral fuels and lubricants

14,933

15,963

12,216

Machinery and transport equipment

10,432

9,697

8,262

Chemicals

8,604

7,984

7,425

Industrial goods mainly classified by material

6,322

6,529

5,975

Various industrial products

6,613

5,833

5,366

Food and live animals

6,056

5,758

5,671

Other

2,561

2,356

2,441

TOTAL

55,521

54,120

47,356

Source: Hellenic Statistical Authority (ELSTAT), provisional data. Small differences in the totals per country and per sector are due to continuous revisions by ELSTAT.

 

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