Greece's trade deficit decreased to EUR 1.554 billion in December 2019 from EUR 1.675 billion in the corresponding month of the previous year. Exports rose 10.7 percent from a year earlier to EUR 2.869 billion, driven by higher sales to European countries (11.1 percent) and to other countries (10.1 percent). Imports went up 1.4 percent to EUR 4.423 billion, boosted by purchases from European countries (3.5 percent) and from countries outside the EU (3.9 percent. Considering full 2019, the country’s trade gap widened to EUR 21.720 billion from EUR 20.648 billion in 2018.

Balance of Trade in Greece averaged -2193.05 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. This page provides - Greece Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Balance of Trade in Greece is expected to be -2000.00 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 -1630.00 in 12 months time. In the long-term, the Greece Balance of Trade is projected to trend around -1510.00 EUR Million in 2021 and -1610.00 EUR Million in 2022, according to our econometric models.


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Greece Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1553.90 -1623.80 -619.80 -4328.60 2001 - 2019 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-07 10:00 AM Sep €-1.884 B €-1.754B €-1.4B
2019-12-06 10:00 AM Oct €-1.967B €-1.913B €-2B
2020-01-09 10:00 AM Nov €-1.608B €-1.967B €-1.7B
2020-02-07 10:00 AM Dec €-1.554B €-1.633B €-1.6B
2020-03-09 10:00 AM Jan €-2.3B
2020-04-07 09:00 AM Feb €-1.4B
2020-05-08 09:00 AM Mar € -2B
2020-06-05 09:00 AM Apr €-1.3B


News Stream
Greece Trade Deficit Shrinks in December
Greece's trade deficit decreased to EUR 1.554 billion in December 2019 from EUR 1.675 billion in the corresponding month of the previous year. Exports rose 10.7 percent from a year earlier to EUR 2.869 billion, driven by higher sales to European countries (11.1 percent) and to other countries (10.1 percent). Imports went up 1.4 percent to EUR 4.423 billion, boosted by purchases from European countries (3.5 percent) and from countries outside the EU (3.9 percent. Considering full 2019, the country’s trade gap widened to EUR 21.720 billion from EUR 20.648 billion in 2018.
2020-02-07
Greece Trade Gap Widens in November
Greece's trade deficit rose to EUR 1.608 billion in November of 2019 from EUR 1.502 billion in the same month of the previous year. Exports dropped 11.4 percent from a year earlier to EUR 2.712 billion, as shipments to European countries were down 8.2 percent and those to other countries fell 15.1 percent. Meantime, imports decreased 5.3 percent to EUR 4.320 billion, as purchases from European countries went down 1.5 percent and those from countries outside the EU slumped 9.9 percent. Considering the first eleven months of the year, the country's trade gap widened to EUR 20.148 billion from EUR 18.973 billion in the same period of 2018.
2020-01-09
Greek Trade Deficit Narrows in October
Greece's trade deficit narrowed slightly to EUR 1.967 billion in October 2019 from EUR 2.078 billion in the same month of the previous year. Exports slumped 9.1 percent, as shipments to non-EU countries plunged 22.9 percent while those to the EU rose 3.6 percent. Meanwhile, imports decreased at a softer 7.6 percent, as purchases from non-EU countries dropped 15.5 percent and those from the EU edged up 0.1 percent. Considering January-October, the country's trade gap widened to EUR 18.496 billion from EUR 17.469 billion in the same period of 2018.
2019-12-06
Greece Trade Gap Widens in September
Greece's trade deficit rose slightly to EUR 1.884 billion in September 2019 from EUR 1.841 billion in the same month of the previous year. Exports climbed 6.1 percent from a year earlier to EUR 2.836 billion, boosted by shipments to European countries (13.2 percent) while those to other countries fell (-1.8 percent). Meanwhile, imports increased 4.6 percent, as purchases from European countries jumped 14.6 percent and those from countries outside the EU dropped 5.9 percent. Considering the first nine months of the year, the country's trade gap widened to EUR 16.500 billion from EUR 15.391 billion in the same period of 2018.
2019-11-07

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.