Greece Balance of Trade 2001-2015 | Data | Chart | Calendar | Forecast

Greece recorded a trade deficit of 2011.20 EUR Million in March of 2015. Balance of Trade in Greece averaged -2407.60 EUR Million from 2001 until 2015, 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
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Actual Previous Highest Lowest Dates Unit Frequency
-2011.20 -1425.40 -1157.30 -4209.20 2001 - 2015 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 Sunday, May 24, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-10 10:00 AM Jan € -1.27B € -1.77B € -1.9B
2015-04-07 10:00 AM Feb € -1.42B € -1.27B € -1.8B
2015-05-08 10:00 AM Mar € -2.01B € -1.42B € -1.8B
2015-06-09 10:00 AM Apr € -2.01B € -1.9B
2015-07-08 10:00 AM May € -1.9B
2015-08-06 10:00 AM Jun € -1.9B


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


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -2011.20 -1425.40 -1157.30 -4209.20 EUR Million [+]
Exports 2355.60 2023.90 2767.10 691.90 EUR Million [+]
Imports 4366.80 3449.30 6198.80 1919.00 EUR Million [+]
Current Account -404.00 -929.00 2821.70 -4957.30 EUR Million [+]
Current Account to GDP 0.70 -2.40 0.70 -14.90 percent [+]
External Debt 417620.90 417620.90 437025.00 142217.00 EUR Million [+]
Remittances 79.00 91.00 512.00 77.00 EUR Million [+]
Capital Flows 760.30 888.70 4767.10 -2505.80 EUR Million [+]
Gold Reserves 112.44 112.31 132.56 107.21 Tonnes [+]
Crude Oil Production 1.00 1.00 11.00 0.00 BBL/D/1K [+]
Foreign Direct Investment 4.70 1.20 2641.60 -533.40 EUR Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1322.00 Mar/15 -1609.00 2254.00 -3877.00 AUD Million [+]
Brazil 491.00 Apr/15 458.00 5659.37 -4058.14 USD Million [+]
Canada -3019.00 Mar/15 -2215.00 8524.80 -3019.00 CAD Million [+]
China 341.34 Apr/15 30.81 606.19 -319.71 USD Hundred Million [+]
Euro Area 23372.90 Mar/15 20300.00 24009.80 -16638.00 EUR Million [+]
France -4575.00 Mar/15 -3623.00 2674.00 -7086.00 EUR Million [+]
Germany 23000.00 Mar/15 19515.32 23500.00 -535.91 EUR Million [+]
India -10990.00 Apr/15 -11790.00 258.90 -20210.90 USD Million [+]
Indonesia 454.40 Apr/15 1025.60 4641.92 -2329.13 USD Million [+]
Italy 4060.39 Mar/15 3537.91 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 479.80 Mar/15 558.30 1710.25 -3292.30 USD Million [+]
Netherlands 5401.00 Mar/15 6329.20 6329.20 -907.60 EUR Million [+]
Russia 14981.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8488.00 Apr/15 8380.51 8488.00 -4043.45 USD Million [+]
Spain -890600.00 Mar/15 -2037200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -6153.67 Mar/15 -4655.64 24.51 -10453.06 USD Million [+]
United Kingdom -2817.00 Mar/15 -3318.00 2946.00 -5397.00 GBP Million [+]
United States -51367.00 Mar/15 -35892.00 1946.00 -67823.00 USD Million [+]