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

Greece recorded a trade deficit of 1230.50 EUR Million in August of 2014. Balance of Trade in Greece averaged -2439.73 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.

   
 
 

Greece Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-1230.50 -1891.60 -1157.30 -4209.20 2001 - 2014 EUR Million Monthly
Greece reports regular trade deficits due to excessive amount of imports. Main imports are: motor vehicles (13 percent), fuel (9 percent) and pharmaceuticals (8 percent). Main exports are: food (19 percent of total exports), petroleum products (15 percent), pharmaceuticals (5 percent) and aluminium (4 percent). Greece main trading partners are Germany (15 percent of imports and 10 percent of exports) and Italy (13 percent of imports and 10 percent of exports). 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 Friday, October 31, 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 Country Event Reference Actual Previous Consensus Forecast
2014-07-08 10:00 AM Greece
Balance of Trade
May 2014 € -1.72B € -1.61B € -1.9B
2014-08-07 10:00 AM Greece
Balance of Trade
Jun 2014 € -1.73B € -1.73B (R) € -1.9B
2014-09-05 10:00 AM Greece
Balance of Trade
Jul 2014 € -1.89B € -1.73B € -1.9B
2014-10-08 10:00 AM Greece
Balance of Trade
Aug 2014 € -1.23B € -1.89 B € -1.76B
2014-11-07 10:00 AM Greece
Balance of Trade
Sep 2014 € -1.23B € -1.9B


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -1230.50 -1891.60 -1157.30 -4209.20 EUR Million [+]
Exports 2052.60 2456.90 2767.10 691.90 EUR Million [+]
Imports 3283.10 4348.50 6198.80 1919.00 EUR Million [+]
Current Account 1683.00 1373.14 2821.70 -4957.30 EUR Million [+]
Current Account to GDP 0.70 -2.40 0.70 -14.90 Percent [+]
External Debt 416971.00 417069.00 437025.00 142217.00 EUR Million [+]
Remittances 79.00 91.00 512.00 77.00 EUR Million [+]
Capital Flows -699.44 250.70 4767.10 -2505.80 EUR Million [+]
Gold Reserves 112.31 112.22 132.56 107.21 Tonnes [+]