Trade

EXPORTS - 2020

According to the most recent (provisional) data of the Hellenic Statistical Authority, the total value of exports for 2020 amounted to €30,705.3 million, compared to €33,866.9 million in 2019, presenting a 9.3% decreaseExcluding petroleum products, the exports during the same period presented though a 3.2% increase (€24,047.5 million from €23,308.7 million in 2019), whereas excluding petroleum products and shipping the increase amounted to 2.9% (from €23,215.3 million to €23,890.3 million).

The largest share of exports for 2020 is occupied by fuel (21.9%) followed by food products (17.3%), chemicals (16.4%) and industrial goods classified according to raw material (15.9%).

Regarding imports, the total value of imports during 2020, amounted to €48,621.7 million, compared to €55,847.3 million during the same period in 2019, presenting a 12.9% decrease. Excluding petroleum products, the decrease during the same period amounted to 4.9% (from €41,351.8 million to €39,325.4 million), whereas excluding petroleum products and shipping it amounted to 4.4% (from €40,880.3 million to €39,092.3 million).

The largest share of imports for 2020 is occupied by chemicals (approximately 20.4% of imports) followed by transport material and machinery (20.1%) and fuel (19.9%).

Destination countries (2020):

Exports to the European Union amounted to 57.5% during 2020, demonstrating its special weight in Greek export trade. A dynamic increase of Greek exports in 2020 occurred to the following countries: France, Libya, Poland, Austria etc. The main partners include:

- Italy (10.6%)

- Germany (7.8%)

- Cyprus (6.4%)

- France (5.8%)

- Bulgaria (5.0%)

- Turkey (4.4%)

- United Kingdom (3.8%)

- Spain (3.7%)

 

IMPORTS - 2020

The imports were decreased by 12.9% during 2020 and amounted to €48,621.7 million, from €55,847.3 million in 2019.

Countries of origin (2020):

The EU is also an important import trade partner of Greece, with a share of approximately 57%. The main countries include:

- Germany (12.4%)

- Italy (9.0%)

- China (7.7%)

- Netherlands (6.3%)

- Russia (6.0%)

- France (4.4%)

- Iraq (4.1%)

- Ireland (3.6%)

Total foreign trade

The total of the foreign trade of goods transactions (imports + exports) of Greece amounted to €79,327.1 in 2020. The exports of goods are lower than the imports, however large part of the trade deficit (which decreased by 18.5% in 2020) is covered, mainly by the export of services like shipping, tourism, financial services, etc.

Import-Export Data

Greek Exports/Country (in millions Euros)​​

Country 2020
2019
2018
Italy 3,256 3,680 3,479
Germany

2,395

2,295 2,146
Cyprus 1,980 2,069 1,896
France 1,786 1,196 1,018
Bulgaria 1,535 1,640 1,493
Turkey 1,338 1,974 2,035
UK 1,179 1,249 1,213
Spain 1,138 1,117 1,111​
USA 1,137 1,305 1,371
Romania 1,118 1,044 970
China 854 892 901
Other 12,989 15,406 15,838

TOTAL

30,705 33,867 33,471


Greek Imports / Country (in million Euros)

Country 2020 2019 2018
Germany 6,031 6,187 5,823
Italy 4,398 4,822 4,526
China 3,743 4,061 3,445
Netherlands 3,087 2,833 2,815
Russia 2,921 4,084 4,141
France 2,148 2,433 2,181
Iraq 1,999 4,553 4,524
Ireland 1,751 868 520
Bulgaria 1,724 1,996 1,888
Spain 1,690 2,065 2,071
Belgium 1,642 1,727 1,707
Other 17,488 20,218 20,479
TOTAL 48,622 55,847 54,120

 

Greek Exports / Sector (in million Euros)

2020

2019

2018

Mineral fuels and lubricants

6,715

10,668

11,485

Industrial goods mainly classified by material

4,872

5,035

5,243

Food and live animals

5,302

4,820

4,616

Chemicals

5,040

4,108

3,494

Machinery and transport equipment

3,258

3,178

2,928

Various industrial products

2,430

2,872

2,345

Other

3,088

3,186

3,361

TOTAL

30,705

33,867

33,472


Greek Imports / Sector (in million Euros)

2020

2019

2018

Mineral fuels and lubricants

9,678

15,030

15,963

Machinery and transport equipment

9,796

10,532

9,698

Chemicals

9,922

8,652

7,983

Industrial goods mainly classified by material

5,915

6,321

6,527

Various industrial products

5,561

6,651

5,832

Food and live animals

5,612

6,081

5,757

Other

2,138

2,570

2,360

TOTAL

48,622

55,847

54,120

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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