Trade

Export – Import of goods

Exports
In 2013, the total value of Greek exports totaled 27,556 million Euro, accounting for 15.1% of Greece’s GDP. Despite the fact that the economic crisis in Greece has continued this year, exports remained almost at the same levels as the previous year, which had showed a significant increase.

Destination Countries (2013)
Exports to the European Union (EU) reached 46% in 2013, highlighting the importance of Greek foreign trade to the EU. In 2013, Greek exports to Turkey, Gibraltar, Egypt and Italy increased.

Main export partners:
• Turkey (12%) 
• Italy (9%)
• Germany (6%)
• Bulgaria (5%)
• Cyprus (4%)
• Gibraltar (4%)
• United Kingdom (4%)

Export profile of basic commodities:
• Food and beverages
• Industrial products
• Petroleum products
• Chemical products

Imports
In 2013, imports decreased significantly to 46,823 million Euro, from 49,317 million Euro in 2012. A determining factor in this decrease was the restrictive economic policy implemented in 2013 as a result of the economic crisis.

Countries of origin (2013):
The EU was an important trade partner of Greece for imports in 2013, accounting for 47%.

Main countries:
• Russia (14%)
• Germany (10%)
• Italy (8%)
• Iraq (8%)
• China (5%)
• France (5%)
• Netherlands (5%)

Import profile of basic commodities:
• Machinery
• Vehicles for transportation
• Fuel
• Chemical products
• Food

Total foreign trade
Total foreign trade (imports and exports) in Greece amounted to 74,379 million Euro in 2013. Although the export of goods is lower than the import of goods, the trade deficit has dropped to lower levels compared with previous years (19.2 billion Euro in 2013 compared with 21.7 billion Euro in 2012). The trade deficit, for the most part, is balanced by the export of services, including shipping, tourism, and financial services.

Export - Import Data

Greek Exports / Country (in million Euro)

Country

2013

2012

2011

Turkey

3.204

2.952

1.881

Italy

2.457

2.126

2.302

Germany

1.792

1.766

1.909

Bulgaria

1.449

1.561

1.336

Cyprus

1.223

1.416

1.558

Gibraltar

1.058

524

433

United Kingdom

979

860

995

USA

933

1.030

1.276

Libya

745

784

160

FYROM

743

827

565

France

648

674

695

Others

12.325

13.065

11.185

TOTAL

27.556

27.585

24.295

Greek Imports / Country (in million Euro)

Country

2013

2012

2011

Russia

6.615

6.014

4.891

Germany

4.537

4.657

4.964

Italy

3.767

4.036

4.549

Iraq

3.607

1.765

812

China

2.194

2.290

2,492

France

2.193

2.131

2.409

Netherlands

2.176

2.275

2.595

Bulgaria

1.472

1.372

1.303

Kazakstan

1.420

1.273

902

Spain

1.386

1.348

1.436

Belgium

1.313

1.341

1.625

Others

16.143

20.815

20.638

TOTAL

46.823

49.317

48.616

Greek Exports / Sector (in million Euro)

 

 2013    

 2012

 2011

 Food-Animals

 3.656 

 3.609 

3.474 

  Beverages-Tobacco

 590

636 

593 

 Raw materials apart from fuels  

 1.141 

1.255 

989 

 Mining - Fuels - Lubricants

 10.887 

 10.649

7.399 

  Oils & grease of animal or plant origin

 580

402  

 358

 Chemicals 

  2.595 

  2.473

2.466 

 Industrial products

 3.738 

 3.911 

4.302 

 Machine & Transport Equipment

2.039 

 2.328

2.279 

  Others 

2.330  

2.322  

2.435 

  TOTAL 

27.556 

  27.585 

 24.295

Greek Imports / Sector (in million Euro)

 

2013

2012

2011

Food-Animals

5.135

5.033

5.368

Beverages-Tobacco

496

506

576

Raw materials apart from fuels

1.210

1.303

1.396

Mining - Fuels - Lubricants

17.179

18.279

14.814

Oils & grease of animal or plant origin

267

291

260

Chemicals

6.517

6.569

7.157

Industrial products

4.688

4.599

5.371

Machine & Transport Equipment

7.115

8.559

8.706

Others

4.216

4.178

4.968

TOTAL

46.823

49.317

48.616


Source: Hellenic Statistical Authority 2014