Trade

January- November 2017

According to provisional data by the Hellenic Statistical Authority for 2017, the total value of exports amounted to 28,832 million Euros, in comparison with 25,463.5 million in 2016, increased therefore by 13.2%. The corresponding increase excluding oil products was 7.1%, while excluding oil products and ships it was 7.2%.

2016

In 2016, the total value of Greek exports of goods reached  25,411.4 million Euros, accounting for approximately 14.5% of Greece’s GDP. Despite the fact that the economic crisis in Greece has continued this year, total exports remained almost at the same levels as the previous year, while exports excluding oil products increased by 1.2%.

Destination Countries (2016)

Exports to the European Union (EU) reached 56.2% in 2016, highlighting the importance of Greek foreign trade to the EU. In 2016, Greek exports to Lebanon, Netherlands, Libya, China and Singapore increased significantly.

Main export partners:

  • Italy (11.1%) 
  • Germany (7.7%)
  • Cyprus (6.4%)
  • Turkey (5.3%)
  • Bulgaria (5.1%)
  • USA (4.3%)
  • UK(4.2%)

Export profile of basic commodities:

  • Food and beverages
  • Industrial products
  • Petroleum products
  • Chemical products

Imports

In 2016, imports increased to 43,962.6 million Euros, from 43,624.6 million Euros in 2015.

Countries of origin (2016):

The EU was an important trade partner of Greece for imports in 2016, accounting for 54.7%.

Main countries:

  • Germany (11.1%)
  • Italy (8.8%)
  • China (6.6%)
  • Russia (6.4%)
  • Netherlands (5.5%)
  • Iraq (5.4%)
  • France (4.4%)

Import profile of basic commodities: 

  • Machinery and transport equipment
  • Fuel
  • Chemical products
  • Food

Total foreign trade

Total foreign trade (imports and exports) of goods in Greece amounted to 69,374 million Euros in 2016. Although the export of goods is lower than the import of goods, the trade deficit for the most part, is balanced by the export of services, including shipping, tourism, and financial services.


Export - Import Data

Greek Exports / Country (in million Euro)

Country

2016

2015

Italy

2,830

2,941

Germany

1,953

1,887

Cyprus

1,625

1,544

Turkey

1,351

1,711

Bulgaria

1,307

1,355

USA

1,095

1,246

UK

1,074

1,097

Lebanon

1,051

767

Romania

762

730

Egypt

750

1,043

France

710

667

Others

10,903

10,891

TOTAL

25,411

25,879


Greek Imports / Country (in million Euro)

Country

2016

2015

Germany

4,872

4,698

Italy

3,876

3,639

China

2,887

2,552

Russia

2,809

3,400

Netherlands

2,432

2,417

Iraq

2,365

2,997

France

1,935

1,954

South Korea

1,789

1,472

Spain

1,626

1,599

Bulgaria

1,600

1,494

Belgium

1,576

1,443

Others

16,196

15,960

TOTAL

43,963

43,625

Greek Exports / Sector (in million Euro)

2016

2015

Food-Animals

4,280

3,921

Beverages-Tobacco

737

669

Raw materials apart from fuels

1,021

1,031

Mining - Fuels - Lubricants

6,908

7,598

Oils & grease of animal or plant origin

674

722

Chemicals

2,738

2,732

Industrial products

3,976

4,147

Machine & Transport Equipment

2,600

2,628

Others

2,500

2,430

TOTAL

25,435

25,878


Greek Imports / Sector (in million Euro)

 

2016

2015

Food-Animals

5,380

5,093

Beverages-Tobacco

610

562

Raw materials apart from fuels

1,092

1,110

Mining - Fuels - Lubricants

9,743

11,359

Oils & grease of animal or plant origin

244

276

Chemicals

6,842

6,793

Industrial products

5,277

4,865

Machine & Transport Equipment

9,658

8,761

Others

5,239

4,801

TOTAL

44,085

43,620


Source: Hellenic Statistical Authority, provisional data. Small variations of the total values by country and sector are due to ongoing revisions by the Hellenic Statistical Authority  

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