Greek Food & Beverage products buoy exports amid strong overseas demand
Greek food and beverage exports continue to grow despite slowing world trade, underscoring the continued demand for quality Greek food products and consumer preference for the heart-healthy Mediterranean diet.
After almost a decade of double digit growth, Greece’s export boom looks to slow this year with many of the country’s main markets close to or entering recession. But the latest data from the Hellenic Statistical Authority shows Greek F&B exports continuing to explode on world markets – in some cases more than doubling in the first seven months of the year.
Among them: olive oil exports, which are up more than 100% in value terms to around €1 billion so far this year; and exports of fresh fruits, which have already surpassed €600 million in value and which represent an increase of more than 20% on last year’s record. Indeed, the latest data suggest that Greek F&B exports overall are on track to surpass the €5.9 billion record set in 2022.
And at next month’s Anuga food exhibition in Germany − one of Europe’s leading F&B trade fairs − a record number of Greek companies are expected to take part, further confirming the growing presence of Greek food products on world markets.
“The increase in food exports is boosting overall exports,” says Union of Hellenic Chambers of Commerce President Ioannis Masoutis. “Government initiatives to enhance the extroversion of businesses must continue.”