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Greek Exports

Greece 2022 Exports (provisional data – Hellenic Statistical Authority)

The value of Greek exports jumped 36.7% in 2022, according to provisional data by the Hellenic Statistical Authority, rising to €54,676.4 million last year, compared with €39,997.0 million in 2021. Excluding petroleum products, exports increased by 21.4% (to €35,163.0 million from €28,960.1 million in 2021), and by 21.6% excluding both petroleum products and ships (to €35,052.8 million from €28,837.1 million).

Fuel represented the largest share of exports for 2022 (36.8%), followed by industrial products, mainly raw materials (14.8%), food and live animals (12.7%) and chemicals (11.0%).

The total value of imports in 2022 amounted to €93,048.3 million, compared with €65,457.3 million for 2021, an increase of 42.2%. Excluding petroleum products, the increase was 25.9% (to €61,561.5 million from €48,882.8 million), while excluding both petroleum products and ships, imports rose 25.5% (to €61,136.9 million euros from €48,730.4 million).

Fuel represented the largest share of imports in 2022 (34.9%), followed by transport machinery and equipment (16.8%), and chemicals (13.2%).

Destination countries

More than half of Greek exports were to other European Union (EU) member-states in 2022 − accounting for 55.1% of total Greek exports overall − demonstrating the bloc’s continued importance as a destination for Greek products.

The main destination countries for Greek exports in value terms for 2022 were:

• Italy (10.4%)
• Bulgaria (7.9%)
• Germany (6.5%)
• Cyprus (5.9%)
• Turkey (4.6%)
• USA (4.1%)

Noteworthy increases in 2022 Greek exports were observed in the following countries*:

• Gibraltar (+132%)
• Bulgaria (+119%)
• Malta (+117%)
• Morocco (+108%)
• Republic of North Macedonia (+101%)
• Liberia (+84%)
• Libya (+83%)
• Spain (+75%)
• United Kingdom (+65%)
• Sweden (+60%)
• Israel (+54%)

(*Selected countries where Greek exports were greater than €300 million in value in 2022).

Countries of origin

The EU was also an important source of imports, accounting for 42.8% of Greek imports in 2022.

The main source countries for Greek imports in value terms for 2022 were:
• Russia (10.0%)
• Germany (9.2%)
• China (8.5%)
• Iraq (7.3%)
• Italy (6.8%)
• Netherlands (4.8%)

Total merchandise trade

Overall, Greek merchandise trade transactions (exports + imports) amounted to €147,724.7 million in 2022.

Exports of goods in 2022 were less than imports (resulting in a 50.7% increase in the trade deficit), but this was mostly offset by Greek exports of services, such as shipping, tourism, financial services, etc.

Import - Export Data

Greek Exports by Country (in millions of euros)

COUNTRY

2022

2021

2020

ITALY

5,701

4,003

3,261

BULGARIA

4,303

1,964

1,544

GERMANY

3,537

2,925

2,405

CYPRUS

3,232

2,568

1,983

TURKEY

2,502

2,059

1,338

USA

2,220

1,608

1,137

UNITED KINGDOM

2,142

1,298

1,189

SPAIN

2,097

1,194

1,141

LIBYA

1,848

1,006

634

ROMANIA

1,823

1,390

1,124

REPUBLIC OF NORTH MACEDONIA

1,754

873

540

FRANCE

1,685

1,872

1,789

LEBANON

1,582

1,173

654

GIBRALTAR

1,210

521

437

NETHERLANDS

1,209

903

702

OTHERS

17,831

14,642

10,922

Total

54,676

39,997

30,800


Greek Imports / Country (in million Euros)

COUNTRY

2022

2021

2020

RUSSIA

9,330

4,302

2,934

GERMANY

8,589

7,175

6,090

CHINA

7,908

5,009

3,743

IRAQ

6,783

4,140

2,008

ITALY

6,362

5,604

4,467

NETHERLANDS

4,486

3,658

3,132

USA

3,455

1,432

977

FRANCE

3,417

2,691

2,161 

TURKEY

2,891

2,497

1,551

BULGARIA

2,814

2,143

1,744

SPAIN

2,753

2,329

1,706

KAZAKHSTAN

2,658

2,221

1,575

BELGIUM

2,421

2,083

1,635

LIBYA

2,418

865

53

AZERBAIJAN

2,373

557

392

OTHERS

24,392

18,751

14,786

Total

93,048

65,457

48,954

 

Greek Exports / Sector (in million Euros)

SECTOR

2022

2021

2020

Food and live animals

6,927

5,889

5,320

Drinks and tobacco

1,150

925

797

Non-edible raw materials except fuel

1,936

1,883

1,264

Fossil fuels, lubricants, etc.

20,108

11,265

6,732

Oils and fats of animal or vegetable origin

1,047

745

574

Chemical products

6,030

5,659

5,050

Industrial products, mainly raw materials

8,094

6,236

4,885

Transport machinery and equipment

4,953

3,878

3,266

Various industrial items

3,741

2,958

2,449

Items and transactions not classified by category

690

542

464

Total

54,676

39,979

30,800


Greek Imports / Sector (in million Euros)

SECTOR

2022

2021

2020

Food and live animals

8,246

6,497

5,673

Drinks and tobacco

856

676

560

Non-edible raw materials except fuel

2,318

1,821

1,291

Fossil fuels, lubricants, etc.

32,466

16,935

9,714

Oils and fats of animal or vegetable origin

568

371

227

Chemical products

12,282

10,947

9,978

Industrial products, mainly raw materials

10,656

7,803

5,941

Transport machinery and equipment

15,631

12,415

9,880

Various industrial items

8,749

6,759

5,591

Items and transactions not classified by category

1,277

1,158

101

Total

93,048

65,381

48,956

Source: Enterprise Greece, based on provisional data provided by the Hellenic Statistical Authority (ELSTAT).

 

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