Greece's trade gap rose significantly to EUR 2.186 billion in May 2019 from EUR 1.402 billion in the same month of the previous year. It was the largest trade deficit since January, as imports surged 20.1 percent to EUR 5.231 billion, boosted by purchases from countries outside the EU (34.7 percent) and the EU (8.3 percent). Meanwhile, exports rose at a slower 3 percent to EUR 3.045 billion, as higher sales to the EU (14.4 percent) were partly offset by lower ones to countries outside the EU (-8.2 percent). Considering the first five months of the year, the trade deficit widened to EUR 9.421 billion from EUR 8.086 billion in the same period of 2018, with imports and exports advancing 8.9 percent and 4.4 percent, respectively. Balance of Trade in Greece averaged -2204.35 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.

Balance of Trade in Greece is expected to be -1400.00 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 -2100.00 in 12 months time. In the long-term, the Greece Balance of Trade is projected to trend around -1510.00 EUR Million in 2020, according to our econometric models.

Greece Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-05 09:00 AM Balance of Trade Feb €-1.653B €-2.158B €-1.8B
2019-05-10 09:15 AM Balance of Trade Mar €-2.084B €-1.678B €-2.1B
2019-06-07 09:00 AM Balance of Trade Apr €-1.654B €-2.081B €-2.2B
2019-07-08 09:00 AM Balance of Trade May €-2.186B €-1.627B €-1.7B
2019-08-07 09:00 AM Balance of Trade Jun €-2.186B € -1.5B
2019-09-06 09:00 AM Balance of Trade Jul €-2.3B
2019-10-08 09:00 AM Balance of Trade Aug €-1.6B


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -2186.30 -1626.90 -619.80 -4328.60 EUR Million [+]
Current Account 300.60 -1400.30 2601.40 -4730.30 EUR Million [+]
Current Account to GDP -2.90 -1.80 -0.10 -15.20 percent [+]
Imports 5230.90 4587.50 6219.50 1919.00 EUR Million [+]
Exports 3044.60 2960.60 3151.20 691.90 EUR Million [+]
External Debt 404104.62 403410.77 453124.10 142217.00 EUR Million [+]
Capital Flows 220.59 -842.46 5937.60 -4086.60 EUR Million [+]
Remittances 103.00 119.70 247.30 50.10 EUR Million [+]
Gold Reserves 113.20 113.10 132.56 107.21 Tonnes [+]
Terrorism Index 4.29 4.14 5.91 3.43 [+]
Tourism Revenues 1605.10 537.10 3601.30 109.00 EUR Million [+]
Tourist Arrivals 495608.00 358364.00 3826994.00 140107.00 persons [+]
Crude Oil Production 4.00 4.00 11.00 0.00 BBL/D/1K [+]
Foreign Direct Investment 694.70 378.20 2608.90 -532.30 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Greece Balance of Trade

Greece reports regular trade deficits due to high volume of imports. Main imports are mineral fuels, machinery and transport equipment and chemicals. 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. Greece Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2186.30 -1626.90 -619.80 -4328.60 2001 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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