Greece's trade deficit shrank to EUR 1.27 billion in August of 2020 from EUR 1.74 billion in the corresponding month of the previous year. Exports fell 6.3 percent from a year earlier to EUR 2.06 billion, as sales to non-EU countries slumped 18.85 percent while those to EU countries rose 9.5 percent. Meantime, imports declined 4.1 percent to EUR 3.33 billion, dragged down by lower purchases from EU countries (-10.6 percent). These decreases were partially offset by higher imports from non-EU countries (1.9 percent). Considering the first eight months of the year, the country’s trade gap narrowed to EUR 11.776 billion from EUR 14.688 billion in the corresponding period of 2019, amid the coronavirus pandemic.

Balance of Trade in Greece averaged -2169.69 EUR Million from 2001 until 2020, 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. Greece Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Balance of Trade in Greece is expected to be -1730.00 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 -1300.00 in 12 months time. In the long-term, the Greece Balance of Trade is projected to trend around -1410.00 EUR Million in 2021 and -1120.00 EUR Million in 2022, according to our econometric models.

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Greece Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1270.10 -1561.60 -619.80 -4328.60 2001 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-07 09:00 AM May €-1.16B €-1.07B €-2.4B
2020-08-07 09:00 AM Jun €-1.41B €-1.16B € -1.9B
2020-09-07 09:00 AM Jul €-1.56B €-1.41B €-1.6B
2020-10-07 09:00 AM Aug €-1.27B €-1.56B €-2.1B
2020-11-06 10:00 AM Sep €-1.27B € -1.7B
2020-12-07 10:00 AM Oct €-2.2B


News Stream
Greek Trade Gap Shrinks in August
Greece's trade deficit shrank to EUR 1.27 billion in August of 2020 from EUR 1.74 billion in the corresponding month of the previous year. Exports fell 6.3 percent from a year earlier to EUR 2.06 billion, as sales to non-EU countries slumped 18.85 percent while those to EU countries rose 9.5 percent. Meantime, imports declined 4.1 percent to EUR 3.33 billion, dragged down by lower purchases from EU countries (-10.6 percent). These decreases were partially offset by higher imports from non-EU countries (1.9 percent). Considering the first eight months of the year, the country’s trade gap narrowed to EUR 11.776 billion from EUR 14.688 billion in the corresponding period of 2019, amid the coronavirus pandemic.
2020-10-07
Greek Trade Gap Narrows in June
Greece's trade deficit narrowed to EUR 1.41 billion in June 2020 from EUR 1.57 billion in the corresponding month of the previous year, amid the coronavirus crisis. Imports dropped 9.2 percent to EUR 3.96 billion, as purchases from non-EU countries declined 24.2 percent while those from the EU rose 4.1 percent. Meantime, exports fell at a softer 8.5 percent to EUR 2.55 billion, as sales to both the EU (-0.1 percent) and non-EU countries (-19 percent) decreased. Considering the first half of the year, the country’s trade gap went down to EUR 8.81 billion from EUR 11.06 billion in the corresponding period of 2019.
2020-08-07
Greek Trade Gap Narrows in May as Both Exports, Imports Slump
Greece's trade deficit narrowed to EUR 1.16 billion in May 2020 from EUR 2.22 billion in the same month last year, as the coronavirus pandemic hit global demand. Imports plummeted 39.0 percent as purchases from the EU were down 24.0 percent and those from non-EU countries tumbled 53.2 percent. Meanwhile, exports declined at a softer 32.7 percent due to falling sales to both the EU (-19.9 percent) and non-EU countries (-46.5 percent).
2020-07-07
Greek Trade Deficit Narrows Sharply
Greece's trade deficit narrowed to EUR 1.134 billion in April of 2020 from EUR 1.627 billion in the corresponding month of the previous year. Exports slumped 30.6 percent to EUR 2.068 billion, dragged down by both European countries (-21.9 percent to EUR 1.216 billion) and countries outside the EU (-40.2 percent to EUR 0.85 billion). Meantime, imports fell 30.5 percent to EUR 3.202 billion, due to a drop in purchases from both European countries (-31.4 percent to EUR 1.65 billion) and countries outside the EU (-29.6 percent to EUR 1.552 billion).of 2020.
2020-06-05

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.