Trade

Export – Import of goods

Exports
In 2014, the total value of Greek exports totaled 27.188 million Euro, accounting for 15.2% 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.

Destination Countries (2014)
Exports to the European Union (EU) reached 48% in 2014, highlighting the importance of Greek foreign trade to the EU. In 2014, Greek exports to Saudi Arabia, Egypt, Cyprus and Lebanon increased.

Main export partners:
• Turkey (12%) 
• Italy (9%)
• Germany (7%)
• Bulgaria (5%)
• Cyprus (5%)
• United Kingdom (4%)
• USA (3%)

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

Imports
In 2014, imports increased to 47.734 million Euro, from 46.862 million Euro in 2013.

Countries of origin (2014):
The EU was an important trade partner of Greece for imports in 2014, accounting for 48%.

Main countries:
• Russia (10%)
• Germany (10%)
• Iraq (8%)
• Italy (8%)
• China (5%)
• Kazakhstan (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 74.922 million Euro in 2014. Although the export of goods is lower than the import of goods, 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

2014

2013

2012

Turkey

3,272

3,208

2,952

Italy

2,489

2,460

2,126

Germany

1,791

1,796

1,767

Bulgaria

1,405

1,451

1,562

Cyprus

1,329

1,207

1,417

United Kingdom

977

995

862

USA

821

934

1,030

Saudi Arabia

784

404

385

Egypt

756

593

345

FYROM

707

745

827

Spain

673

581

544

Others

12,184

13,202

13,773

TOTAL

27,188

27,576

27,590


Greek Imports / Country (in million Euro)

Country

2014

2013

2012

Russia

4,835

6,606

6,015

Germany

4,815

4,553

4,657

Iraq

3,904

3,608

1,765

Italy

3,804

3,754

4,033

China

2,494

2,194

2,291

Kazakhstan

2,423

1,421

1,273

Netherlands

2,382

2,181

2,276

France

2,172

2,206

2,132

Spain

1,623

1,398

1,348

Bulgaria

1,519

1,454

1,372

South Korea

1,470

1,012

1,880

Others

16,293

16,475

20,272

TOTAL

47,734

46,862

49,314

 

Greek Exports / Sector (in million Euro)

 

2014

2013

2012

Food-Animals

3,744

3,657

3,610

Beverages-Tobacco

591

591

636

Raw materials apart from fuels

1,041

1,140

1,255

Mining - Fuels - Lubricants

10,363

10,891

10,649

Oils & grease of animal or plant origin

321

581

402

Chemicals

2,681

2,597

2,474

Industrial products

3,772

3,727

3,884

Machine & Transport Equipment

2,293

2,042

2,328

Others

2,372

2,342

2,349

TOTAL

27,178

27,568

27,587


Greek Imports / Sector (in million Euro)

 

2014

2013

2012

Food-Animals

5,124

5,153

5,037

Beverages-Tobacco

488

500

507

Raw materials apart from fuels

1,195

1,205

1,300

Mining - Fuels - Lubricants

16,081

17,188

18,280

Oils & grease of animal or plant origin

274

269

291

Chemicals

6,606

6,551

6,570

Industrial products

4,863

4,683

4,600

Machine & Transport Equipment

8,466

7,117

8,554

Others

4,610

4,196

4,175

TOTAL

47,707

46,862

49,314


Source: Hellenic Statistical Authority 2015