Greece's trade gap rose to EUR 1.828 billion in July 2019 from EUR 1.719 billion in the same month of the previous year. Exports surged 7.2 percent to EUR 3.174 billion, boosted by shipments to the EU (9.5 percent) and countries outside the EU (4.5 percent). Imports advanced at a slower 6.9 percent to EUR 5.002 billion, led by purchases from countries outside the EU (10.7 percent) and the EU (3.4 percent). Considering the first seven months of the year, the country's trade went up to EUR 12.821 billion from EUR 11.788 billion in the same period of 2018, with imports and exports rising 5.2 percent and 3.0 percent, respectively. Balance of Trade in Greece averaged -2199.52 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 -1490.00 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.