Greece's trade deficit narrowed to EUR 1.14 billion in February of 2021 from EUR 1.70 billion in the corresponding month of the previous year. Exports climbed 8.5 percent from a year earlier to EUR 2.88 billion as sales to EU countries went up 1.4 percent and those to non-EU countries surged 17.7 percent. Meantime, imports declined 7.8 percent to EUR 4.02 billion, dragged down by purchases from both EU countries (-10 percent) and non-EU countries (-5 percent). Considering the first two months of the year, the country’s trade gap shrank to EUR 2.60 billion from EUR 3.60 billion. source: National Statistical Service of Greece

Balance of Trade in Greece averaged -2149.97 EUR Million from 2001 until 2021, 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 May of 2021.

Balance of Trade in Greece is expected to be -1670.00 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 -1410.00 in 12 months time. In the long-term, the Greece Balance of Trade is projected to trend around -1120.00 EUR Million in 2022 and -1160.00 EUR Million in 2023, according to our econometric models.

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Greece Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1141.60 -1442.90 -619.80 -4328.60 2001 - 2021 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 10:00 AM Nov €-1.36B €-1.40B €-1.2B
2021-02-05 10:00 AM Dec €-1.46B €-1.36B €-1.6B
2021-03-10 10:15 AM Jan €-1.44B €-1.46B €-1.7B
2021-04-07 09:00 AM Feb €-1.14B €-1.44B €-1.6B
2021-05-10 09:00 AM Mar €-1.14B € -1.7B
2021-06-07 09:00 AM Apr
2021-07-08 09:00 AM May
2021-08-06 09:00 AM Jun € -1.3B


News Stream
Greek Trade Gap Shrinks in February
Greece's trade deficit narrowed to EUR 1.14 billion in February of 2021 from EUR 1.70 billion in the corresponding month of the previous year. Exports climbed 8.5 percent from a year earlier to EUR 2.88 billion as sales to EU countries went up 1.4 percent and those to non-EU countries surged 17.7 percent. Meantime, imports declined 7.8 percent to EUR 4.02 billion, dragged down by purchases from both EU countries (-10 percent) and non-EU countries (-5 percent). Considering the first two months of the year, the country’s trade gap shrank to EUR 2.60 billion from EUR 3.60 billion.
2021-04-07
Greek Trade Deficit Narrows in January
Greece's trade deficit narrowed to EUR 1.44 billion in January 2021, from EUR 1.89 billion in the corresponding month of the previous year. Exports tumbled 12.1 percent from a year earlier to EUR 2.51 billion as sales to EU countries slipped 8.0 percent and those to non-EU countries declined 16.9 percent. Meantime, imports fell at a faster 16.7 percent to EUR 3.95 billion, dragged down by purchases from both EU countries (-7.0 percent) and non-EU countries (-26.1 percent).
2021-03-10
Greek Trade Gap Shrinks in October
Greece's trade deficit narrowed to EUR 1.40 billion in October 2020 from EUR 2.0 billion in the corresponding month of the previous year. Exports tumbled 7.9 percent from a year earlier to EUR 2.70 billion as sales to EU countries slipped 7.7 percent and those to non-EU countries declined 8 percent. Meantime, imports fell at a faster 16.9 percent to EUR 4.08 billion, dragged down by purchases from both EU countries (-3.7 percent) and non-EU countries (-31.7 percent). Considering the first ten months of the year, the country’s trade gap shrank to EUR 15.06 billion from EUR 18.67 billion in the corresponding period of 2019, as exports and imports fell 11.3 percent and 14.5 percent, respectively, amid the coronavirus pandemic.
2020-12-07
Greek Trade Gap Narrows in September
Greece's trade deficit shrank to EUR 1.48 billion in September of 2020 from EUR 1.95 billion in the corresponding month of the previous year. Imports plummeted 16 percent to EUR 4.04 billion, as purchases from non-EU countries slumped 35 percent while those from EU countries grew only 0.4 percent. Meantime, exports fell at a slower 10.6 percent to EUR 2.56 billion, as sales to non-EU countries tumbled 23 percent while those to EU countries rose 0.6 percent. Considering the first nine months of the year, the country’s trade gap shrank to EUR 13.506 billion from EUR 16.676 billion in the corresponding period of 2019, as exports and imports fell 11.7 percent and 14.6 percent, respectively, amid the coronavirus pandemic.
2020-11-06

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.