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% decrease. Excluding 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.