Greece's trade deficit decreased to EUR 1.554 billion in December 2019 from EUR 1.675 billion in the corresponding month of the previous year. Exports rose 10.7 percent from a year earlier to EUR 2.869 billion, driven by higher sales to European countries (11.1 percent) and to other countries (10.1 percent). Imports went up 1.4 percent to EUR 4.423 billion, boosted by purchases from European countries (3.5 percent) and from countries outside the EU (3.9 percent. Considering full 2019, the country’s trade gap widened to EUR 21.720 billion from EUR 20.648 billion in 2018.
Balance of Trade in Greece averaged -2193.05 EUR Million from 2001 until 2019, reaching an all time high of -619.80 EUR Million in July of 2015 and a record low of -4328.60 EUR Million in March of 2007. This page provides - Greece Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Balance of Trade in Greece is expected to be -2000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Greece to stand at -1630.00 in 12 months time. In the long-term, the Greece Balance of Trade is projected to trend around -1510.00 EUR Million in 2021 and -1610.00 EUR Million in 2022, according to our econometric models.