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.