Trade
2018
According to provisional data by the Hellenic Statistical Authority for 2018, the total value of exports amounted to €33,417.9 million, in comparison to € 28,877.4 million in 2017, increased therefore by 15.7%. The corresponding increase excluding oil products was 10.7% (€22,152.4 million from €20,010.6 million in 2017), while excluding oil products and ships it reached 10.6% (from €19,898.6 million in 2017 to €22,011.0 million in 2018).
Greek exports in 2018 were mainly mineral fuels, lubricants and related materials (34.3%), followed by manufactured goods mainly classified by material (15.7%), food (13.7%) and chemicals (10.4%).
As far as imports are concerned, the total value of imports during 2018 amounted to €55,129.8 million, in comparison to €50,350.9 million during 2017, increased therefore by 9.5%. The corresponding increase excluding oil products was 2.9% (from €38,494.5 million in 2017 to €39,602.4 million in 2018), while excluding oil products and ships it reached 8.2% (from €35,403.2 million in 2017 to €38,299.5 million in 2018).
Greek imports in 2018 were mainly mineral fuels, lubricants and related materials (appr. 29% of imports), followed by machinery and transport equipment (19.5%) and chemicals (14.4%).
Destination Countries (2018)
Exports to the European Union (EU) reached 52.8% of total exports in 2018, highlighting the importance of Greek foreign trade to the EU. In 2018, Greek exports to Italy, Lebanon, USA, France, Egypt, Spain, China and Libya increased significantly.
Main export partners:
- Italy (10.3%)
- Germany (6.4%)
- Turkey (6.1%)
- Cyprus (5.7%)
- Lebanon (4.5%)
- Bulgaria (4.4%)
- USA(4.1%)
- UK (3.6%)
Imports
In 2018, imports increased by 9.5%, to €55,129.8 million, from €50,350.9 million in 2017.
Countries of origin (2018):
The EU was an important trade partner of Greece for imports in 2018, accounting for 51.4% of total imports.
Main countries:
- Germany (10.5%)
- Iraq (8.3%)
- Italy (8.2%)
- Russia (7.5%)
- China (6.5%)
- Netherlands (5.1%)
- France (4.0%)
- Spain (3.7%)
Total foreign trade
Total foreign trade (imports and exports) of goods in Greece amounted to €88,547.7 million in 2018. 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 Euros)
|
Country |
2018 |
2017 |
2016 |
|
Italy |
3,454 |
3,080 |
2,832 |
|
Germany |
2,151 |
2,056 |
1,959 |
|
Turkey |
2,035 |
1,953 |
1,351 |
|
Cyprus |
1,891 |
1,855 |
1,633 |
|
Lebanon |
1,489 |
1,250 |
1,049 |
|
Bulgaria |
1,488 |
1,396 |
1,312 |
|
USA |
1,371 |
1,123 |
1,095 |
|
UK |
1,208 |
1,126 |
1,076 |
|
Egypt |
1,161 |
755 |
750 |
|
Spain |
1,106 |
703 |
704 |
|
France |
1,018 |
777 |
713 |
|
Others |
15,046 |
12,803 |
10,990 |
|
TOTAL |
33,418 |
28,877 |
25,464 |
Greek Imports / Country (in million Euros)
|
Country |
2018 |
2017 |
2016 |
|
Germany |
5,798 |
5,278 |
4,905 |
|
Iraq |
4,548 |
3,146 |
2,346 |
|
Italy |
4,507 |
4,091 |
3,889 |
|
Russia |
4,145 |
3,426 |
2,822 |
|
China |
3,593 |
2,719 |
2,887 |
|
Netherlands |
2,799 |
2,675 |
2,452 |
|
France |
2,184 |
2,145 |
1,948 |
|
Spain |
2,046 |
1,775 |
1,634 |
|
Bulgaria |
1,880 |
1,736 |
1,609 |
|
Turkey |
1,847 |
1,436 |
1,374 |
|
Belgium |
1,704 |
1,773 |
1,593 |
|
Others |
20,079 |
20,151 |
16,729 |
|
TOTAL |
55,130 |
50,351 |
44,188 |
Greek Exports / Sector (in million Euros)
|
2018 |
2017 |
2016 |
|
|
Mineral fuels and lubricants |
11,481 |
8,979 |
6,897 |
|
Manufactured goods mainly classified by material |
5,251 |
4,638 |
3,980 |
|
Food and live animals |
4,596 |
4,364 |
4,291 |
|
Chemicals |
3,493 |
3,071 |
2,742 |
|
Machinery and transport equipment |
2,932 |
2,594 |
2,607 |
|
Various industrial products |
2,322 |
2,115 |
1,963 |
|
Others |
3,343 |
3,116 |
2,983 |
|
TOTAL |
33,418 |
28,877 |
25,463 |
Greek Imports / Sector (in million Euros)
|
2018 |
2017 |
2016 |
|
|
Mineral fuels and lubricants |
15,999 |
12,216 |
9,728 |
|
Machinery and transport equipment |
10,752 |
11,257 |
9,764 |
|
Chemicals |
7,965 |
7,425 |
6,878 |
|
Manufactured goods mainly classified by material |
6,519 |
5,975 |
5,281 |
|
Various industrial products |
5,799 |
5,366 |
5,126 |
|
Food and live animals |
5,747 |
5,671 |
5,402 |
|
Others |
2,349 |
2.441 |
2,008 |
|
TOTAL |
55,130 |
50,351 |
44,187 |
