Greece’s trade deficit rose slightly to EUR 2.5 billion in January 2024 from EUR 2.4 billion in the corresponding month from the previous year. Exports slumped by 11.2% from the previous year to EUR 4 billion, weighed down by lower shipments to the EU (-9%) and non-EU countries (-6.1%). Meanwhile, imports fell by 6.3% to EUR 6.6 billion, amid reduced purchases from non-EU countries (-13.1%). On the other hand, imports from the EU rose 1.4%. source: National Statistical Service of Greece

Greece recorded a trade deficit of 2500 EUR Million in January of 2024. Balance of Trade in Greece averaged -2209.51 EUR Million from 2001 until 2024, reaching an all time high of 1651.70 EUR Million in September of 2020 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 March of 2024.

Greece recorded a trade deficit of 2500 EUR Million in January of 2024. Balance of Trade in Greece is expected to be -2500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Balance of Trade is projected to trend around -2900.00 EUR Million in 2025 and -2800.00 EUR Million in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-07 10:00 AM
Balance of Trade
Dec €-2.6B €-2.7B € -2.6B
2024-03-08 10:00 AM
Balance of Trade
Jan €-2.5B €-2.6B €-2.3B
2024-04-05 09:00 AM
Balance of Trade
Feb €-2.5B €-2.5B


Related Last Previous Unit Reference
Balance of Trade -2543.10 -2605.00 EUR Million Jan 2024
Capital Flows 1862.11 -1037.30 EUR Million Jan 2024
Crude Oil Imports from Russia 0.00 0.00 Thousand Tonnes Dec 2023
Current Account 1702.59 -2247.96 EUR Million Jan 2024
Current Account to GDP -10.30 -6.80 percent of GDP Dec 2022
Exports 4009.80 3702.40 EUR Million Jan 2024
Exports by Category
Exports by Country
External Debt 553207.00 556338.56 EUR Million Sep 2023
External Debt to GDP 254.00 260.00 percent of GDP Sep 2023
Foreign Direct Investment -129.90 503.10 EUR Million Dec 2023
Gold Reserves 114.40 114.37 Tonnes Dec 2023
Imports 6552.90 6307.40 EUR Million Jan 2024
Imports by Category
Imports by Country
Natural Gas Imports 58224.13 54050.38 Terajoule Jan 2024
Remittances 3616.53 220.88 EUR Million Jan 2024
Terrorism Index 3.03 4.79 Points Dec 2023
Tourism Revenues 278.29 344.15 EUR Million Jan 2024
Tourist Arrivals 3143.00 5141.00 Thousand Oct 2023
Weapons Sales 7.00 17.00 SIPRI TIV Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2543.10 -2605.00 1651.70 -4328.60 2001 - 2024 EUR Million Monthly

News Stream
Greek Trade Gap Widens in January
Greece’s trade deficit rose slightly to EUR 2.5 billion in January 2024 from EUR 2.4 billion in the corresponding month from the previous year. Exports slumped by 11.2% from the previous year to EUR 4 billion, weighed down by lower shipments to the EU (-9%) and non-EU countries (-6.1%). Meanwhile, imports fell by 6.3% to EUR 6.6 billion, amid reduced purchases from non-EU countries (-13.1%). On the other hand, imports from the EU rose 1.4%.
2024-03-08
Greek Trade Deficit Narrows in December
Greece’s trade deficit narrowed to EUR 2.6 billion in December of 2023 from EUR 2.9 billion in the corresponding month from the previous year. Imports fell by 17.7% from the previous year to EUR 6.3 billion in the period. In the meantime, exports declined by 21.7% to EUR 3.7 billion. Both categories fell sharply due to the gradual stabilization of shipping and energy prices. During the entire 2023 year, Greece recorded a trade deficit of EUR 31 billion.
2024-02-07
Greek Trade Deficit Shrinks in November
Greece’s trade deficit narrowed to EUR 2.7 billion in November of 2023 from EUR 3.7 billion in the corresponding month from the previous year, largely due to the gradual stabilization of shipping prices affecting import costs. Hence, imports fell by 19.3% from the previous year to EUR 4 billion in the period. In the meantime, exports fell at a slower 12.2% EUR 4.3 billion. During the first 11 months of the year, Greece recorded a trade deficit of EUR 28.5 billion.
2024-01-09