Greece Balance of Trade 2001-2014 | Data | Chart | Calendar | Forecast

Greece recorded a trade deficit of 1760.60 EUR Million in October of 2014. Balance of Trade in Greece averaged -2433.14 EUR Million from 2001 until 2014, reaching an all time high of -1157.30 EUR Million in August of 2001 and a record low of -4209.20 EUR Million in June of 2008. Balance of Trade in Greece is reported by the National Statistical Service of Greece.

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Greece Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-1760.60 -2058.00 -1157.30 -4209.20 2001 - 2014 EUR Million Monthly
Greece reports regular trade deficits due to high volume of imports. Main imports are mineral fuels (34 percent of the total imports); machinery and transport equipment (14 percent) and chemicals (13 percent). In recent years, the biggest trade deficits were recorded with Russia, Germany, China, Italy and France. Greece records trade surpluses with Turkey, Cyprus, United States, Algeria and United Arab Emirates. This page provides - Greece Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Greece Balance of Trade - was last refreshed on Thursday, December 18, 2014.


Greek Trade Deficit Widens in May on Rising Imports


Greek trade gap increased to € 1.7 billion in May of 2014 from € 1.4 billion in the same month of the previous year, due to a rise in imports.

The total value of imports in May of 2014 amounted to 3970.5 million euros against 3868.2 million euros a year ago, recording an increase of 2.6 percent. Excluding oil products, purchases increased 7.6 percent. In May, Greece imported mostly mineral fuels and lubricants from countries outside the European Union (34.5 percent of total imports). 

Exports amounted to 2249.4 million euros in May of 2014 against 2453 million euros in May of 2013, recording a drop of 8.3 percent. The corresponding change excluding oil products is an increase of 1.5 percent. Sales to the non-EU countries fell 10.1 percent while those to the European Union contracted at a slower 6.2 percent.

Helenic Statistical Authority | Joana Taborda | joana.taborda@tradingeconomics.com
7/8/2014 1:51:39 PM


Recent Releases

Greek Trade Deficit Widens in April
Trade deficit in Greece widened to €1.61 billion in April of 2014 from €1.38 billion a year earlier, according to preliminary estimates, as exports shrank at a faster pace than imports. Compared with the previous month, the trade deficit narrowed 11.5 percent. Published on 2014-06-06

Greek Trade Deficit Narrows in March
Greek trade gap narrowed to €1.82 billion in March of 2014 from €1.57 billion a year earlier, as imports increased 7 percent year-on-year. Published on 2014-05-08


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-08 10:00 AM
Balance of Trade  Aug
€ -1.23B € -1.89 B € -1.76B
2014-11-07 10:00 AM
Balance of Trade  Sep
€ -2.06B € -1.23B € -1.9B
2014-12-08 10:00 AM
Balance of Trade  Oct
€-1.76B € -2.06B € -1.8B
2015-02-06 10:00 AM
Balance of Trade  Dec
-1863.47
2015-03-10 10:00 AM
Balance of Trade  Jan
-1983.16
2015-04-07 10:00 AM
Balance of Trade  Feb
-1936.25


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -1760.60 -2058.00 -1157.30 -4209.20 EUR Million [+]
Exports 2511.70 2285.60 2767.10 691.90 EUR Million [+]
Imports 4272.30 4343.60 6198.80 1919.00 EUR Million [+]
Current Account 1622.00 1830.00 2821.70 -4957.30 EUR Million [+]
Current Account to GDP 0.70 -2.40 0.70 -14.90 percent [+]
External Debt 412958.00 416971.00 437025.00 142217.00 EUR Million [+]
Remittances 79.00 91.00 512.00 77.00 EUR Million [+]
Capital Flows -1484.80 -1147.20 4767.10 -2505.80 EUR Million [+]
Gold Reserves 112.31 112.22 132.56 107.21 Tonnes [+]
Crude Oil Production 1.00 1.00 11.00 0.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3255.00 Oct/14 2489.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]