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.