Greece’s trade deficit decreased slightly to EUR 2.206 billion in October of 2018 from EUR 2.219 billion in the corresponding month of the previous year. Exports surged 24 percent to EUR 3.12 billon, as shipments to the countries outside the EU rose 31.9 percent and those to EU climbed 17.4 percent. Meanwhile, imports advanced 12.5 percent to EUR 5.32 billion, driven by higher purchases from the EU countries (+17.7 percent) and from countries outside the EU (+7.4 percent). Balance of Trade in Greece averaged -2288.26 EUR Million from 2001 until 2018, reaching an all time high of -716.80 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 -1700.00 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 -1380.00 in 12 months time. In the long-term, the Greece Balance of Trade is projected to trend around -1630.00 EUR Million in 2020, according to our econometric models.

Greece Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 09:00 AM Balance of Trade €-2.095B €-1.970B €1.7B
2018-10-08 09:00 AM Balance of Trade €-1.919B €-2.095B €-1.8B
2018-11-07 10:00 AM Balance of Trade €-1.872B €-1.919B € -1.3B
2018-12-07 10:00 AM Balance of Trade €-2.206B €-1.872B €-2.3B
2019-01-09 10:00 AM Balance of Trade €-2.206B
2019-02-07 10:00 AM Balance of Trade € -1.7B
2019-03-08 10:25 AM Balance of Trade


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -2205.70 -1872.40 -716.80 -4328.60 EUR Million [+]
Current Account 550.80 1461.00 2601.40 -4730.30 EUR Million [+]
Current Account to GDP -0.80 -1.10 -0.10 -15.20 percent [+]
Imports 5324.20 4527.70 6219.50 1919.00 EUR Million [+]
Exports 3118.50 2655.30 3118.50 691.90 EUR Million [+]
External Debt 395304.50 401886.95 453124.10 142217.00 EUR Million [+]
Capital Flows 605.60 1269.20 5937.60 -4086.60 EUR Million [+]
Remittances 68.20 70.70 247.30 50.10 EUR Million [+]
Gold Reserves 113.00 113.00 132.56 107.21 Tonnes [+]
Terrorism Index 4.14 4.22 5.91 3.43 [+]
Tourism Revenues 2441.10 3603.60 3603.60 109.00 EUR Million [+]
Tourist Arrivals 3024440.00 3674222.00 3826994.00 140107.00 persons [+]
Crude Oil Production 4.00 4.00 11.00 0.00 BBL/D/1K [+]
Foreign Direct Investment 167.60 126.70 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2205.70 -1872.40 -716.80 -4328.60 2001 - 2018 EUR Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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