Greece's trade deficit increased to EUR 1.697 billion in December of 2018 from EUR 1.615 billion in the corresponding month of the previous year. Imports edged up only 0.2 percent to EUR 4.27 billion, as higher purchases from countries outside the EU (1.2 percent to EUR 2 billion) were offset by lower imports from EU countries (-0.7 percent to EUR 2.27 billion). Meanwhile, exports fell 2.8 percent to EUR 2.57 billion, as shipments to countries outside the EU slumped 8.4 percent to EUR 1.20 billion whereas those to EU countries rose 2.6 percent to EUR 1.37 billion. Considering full year of 2018, the country's trade deficit widened slightly to EUR 21.71 billion from EUR 21.47 billion in the same period of 2017, with overseas sales growing 15.7 percent to EUR 33.42 billion and imports rising 9.5 percent to EUR 55.13 billion. Balance of Trade in Greece averaged -2282.19 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 -2100.00 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 -1610.00 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
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 €-1.548B €-2.206B €-1.7B
2019-02-07 10:00 AM Balance of Trade €-1.697B €-1.548B € -1.6B
2019-03-08 10:00 AM Balance of Trade €-1.697B €-2B
2019-04-05 09:00 AM Balance of Trade €-1.8B
2019-05-09 09:00 AM Balance of Trade €-2.1B


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -1697.00 -1547.90 -716.80 -4328.60 EUR Million [+]
Current Account -1417.00 -871.00 2601.40 -4730.30 EUR Million [+]
Current Account to GDP -0.80 -1.10 -0.10 -15.20 percent [+]
Imports 4267.30 4579.50 6219.50 1919.00 EUR Million [+]
Exports 2570.30 3050.10 3144.50 691.90 EUR Million [+]
External Debt 397351.76 395304.50 453124.10 142217.00 EUR Million [+]
Capital Flows -329.79 -546.73 5937.60 -4086.60 EUR Million [+]
Remittances 103.30 105.00 247.30 50.10 EUR Million [+]
Gold Reserves 113.10 113.10 132.56 107.21 Tonnes [+]
Terrorism Index 4.29 4.14 5.91 3.43 [+]
Tourism Revenues 325.80 1408.40 3601.30 109.00 EUR Million [+]
Tourist Arrivals 448274.00 1590921.00 3826994.00 140107.00 persons [+]
Crude Oil Production 4.00 4.00 11.00 0.00 BBL/D/1K [+]
Foreign Direct Investment 381.70 212.60 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1697.00 -1547.90 -716.80 -4328.60 2001 - 2018 EUR Million Monthly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1787.14 Dec/18
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


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