Greece's trade deficit shrank to EUR 1.729 billion in August 2019 from EUR 1.758 billion in the same month of the previous year. Imports declined 5.0 percent to EUR 4.109 billion, as purchases from the EU fell (-12.1 percent) while those from countries outside the EU rose (2.1 percent). Exports decreased 7.3 percent to EUR 2.380 billion, as shipments to the EU slumped (-20.3 percent) while the ones to countries outside the EU grew (6.6 percent). Considering the first eight months of the year, the country's trade gap widened to EUR 14.588 billion from EUR 13.546 billion in the same period of 2018, with imports and exports rising 4.1 percent and 1.9 percent, respectively. Balance of Trade in Greece averaged -2197.78 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.

Balance of Trade in Greece is expected to be -1610.00 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 -1490.00 in 12 months time. In the long-term, the Greece Balance of Trade is projected to trend around -1510.00 EUR Million in 2020, according to our econometric models.

Greece Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-08 09:00 AM Balance of Trade May €-2.186B €-1.627B €-1.7B
2019-08-07 09:00 AM Balance of Trade Jun €-1.527B €-2.210B € -1.5B
2019-09-06 09:00 AM Balance of Trade Jul €-1.828B €-1.527B €-2.3B
2019-10-08 09:00 AM Balance of Trade Aug €-1.729B €-1.864B €-1.6B
2019-11-07 10:00 AM Balance of Trade Sep €-1.729B € -1.4B
2019-12-06 10:00 AM Balance of Trade Oct €-2B


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -1729.00 -1864.40 -619.80 -4328.60 EUR Million [+]
Current Account 1279.50 874.40 2601.40 -4730.30 EUR Million [+]
Current Account to GDP -2.90 -1.80 -0.10 -15.20 percent [+]
Imports 4109.20 5002.30 6219.50 1919.00 EUR Million [+]
Exports 2380.20 3196.40 3196.40 691.90 EUR Million [+]
External Debt 423049.04 404104.62 453124.10 142217.00 EUR Million [+]
Capital Flows 978.69 951.20 5937.60 -4086.60 EUR Million [+]
Remittances 128.70 114.00 247.30 50.10 EUR Million [+]
Gold Reserves 113.31 113.20 132.56 107.21 Tonnes [+]
Terrorism Index 4.29 4.14 5.91 3.43 [+]
Tourism Revenues 3645.33 2620.20 3645.33 109.00 EUR Million [+]
Tourist Arrivals 3881844.00 3225611.00 3881844.00 140107.00 persons [+]
Foreign Direct Investment 500.70 196.10 2608.90 -532.30 EUR Million [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1729.00 -1864.40 -619.80 -4328.60 2001 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 24789.70 Jul/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3787.85 Aug/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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