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.

Greece Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
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 €-1.527B €-2.210B € -1.5B
2019-09-06 09:00 AM Balance of Trade Jul €-1.828B €-1.527B €-2.3B
2019-10-08 09:00 AM Balance of Trade Aug €-1.828B €-1.6B
2019-11-07 10:00 AM Balance of Trade Sep € -1.4B
2019-12-06 10:00 AM Balance of Trade Oct €-2B


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -1828.10 -1526.50 -619.80 -4328.60 EUR Million [+]
Current Account 1280.00 874.00 2601.40 -4730.30 EUR Million [+]
Current Account to GDP -2.90 -1.80 -0.10 -15.20 percent [+]
Imports 5002.30 4289.30 6219.50 1919.00 EUR Million [+]
Exports 3174.20 2762.80 3174.20 691.90 EUR Million [+]
External Debt 404104.62 403410.77 453124.10 142217.00 EUR Million [+]
Capital Flows 978.69 951.13 5937.60 -4086.60 EUR Million [+]
Remittances 114.00 103.00 247.30 50.10 EUR Million [+]
Gold Reserves 113.31 113.20 132.56 107.21 Tonnes [+]
Terrorism Index 4.29 4.14 5.91 3.43 [+]
Tourism Revenues 3645.33 2620.20 3645.33 109.00 EUR Million [+]
Tourist Arrivals 3226187.00 2362230.00 3826994.00 140107.00 persons [+]
Foreign Direct Investment 196.10 694.70 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1828.10 -1526.50 -619.80 -4328.60 2001 - 2019 EUR Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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