Greece’s trade deficit rose to EUR 2.084 billion in March of 2019 from EUR 1.627 billion in the same month of the previous year. Exports fell 3.6 percent year-on-year to EUR 2.797 billion, as sales to EU countries dropped 2.9 percent to EUR 1.478 billion and those to countries outside the EU declined 4.4 percent to EUR 1.318 billion. Also, imports jumped 7.8 percent to EUR 4.881 billion, boosted by purchases from non-EU countries (+18.5 percent to EUR 2.380 billion), while imports from EU countries went down 0.7 percent to EUR 2.501 billion. Considering the first quarter of the year, the trade gap widened by 12 percent to EUR 5.963 billion from EUR 4.948 billion a year earlier, as exports went up 1.6 percent to EUR 7.994 billion while imports rose at a faster 5.8 percent to EUR 13.958 billion. Balance of Trade in Greece averaged -2277.28 EUR Million from 2001 until 2019, reaching an all time high of -716.90 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 -1500.00 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
2019-02-07 10:00 AM Balance of Trade €-1.697B €-1.548B € -1.6B
2019-03-08 10:00 AM Balance of Trade €-2.158B €-1.697B €-2B
2019-04-05 09:00 AM Balance of Trade €-1.653B €-2.158B €-1.8B
2019-05-10 09:15 AM Balance of Trade €-2.084B €-1.678B €-2.1B
2019-06-07 09:00 AM Balance of Trade €-2.084B €-2.2B
2019-07-08 09:00 AM Balance of Trade €-1.7B
2019-08-07 09:00 AM Balance of Trade €-1.5B


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -2084.20 -1678.00 -716.90 -4328.60 EUR Million [+]
Current Account -1502.90 -990.40 2601.40 -4730.30 EUR Million [+]
Current Account to GDP -2.90 -1.80 -0.10 -15.20 percent [+]
Imports 4881.10 4363.40 6219.50 1919.00 EUR Million [+]
Exports 2797.00 2685.40 3147.40 691.90 EUR Million [+]
External Debt 403410.77 397351.76 453124.10 142217.00 EUR Million [+]
Capital Flows -1133.20 -615.10 5937.60 -4086.60 EUR Million [+]
Remittances 90.60 84.00 247.30 50.10 EUR Million [+]
Gold Reserves 113.10 113.10 132.56 107.21 Tonnes [+]
Terrorism Index 4.29 4.14 5.91 3.43 [+]
Tourism Revenues 318.50 209.10 3601.30 109.00 EUR Million [+]
Tourist Arrivals 495608.00 358364.00 3826994.00 140107.00 persons [+]
Crude Oil Production 4.00 5.00 11.00 0.00 BBL/D/1K [+]
Foreign Direct Investment 277.20 195.40 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2084.20 -1678.00 -716.90 -4328.60 2001 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.34 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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