Greece Posts Smaller Trade Gap in November

The trade deficit in Greece narrowed to EUR 2.80 billion in January 2026, down from a revised EUR 2.83 billion recorded in the same month a year earlier, even as both exports and imports posted declines. Exports fell 11.9% year-on-year to EUR 3.6 billion, largely weighed down by decreased sales to EU countries (-2.2%), and to third countries (-23.6%). At the same time, imports declined by 7.4% to EUR 6.4 billion, reflecting lower purchases from the EU (-5.3%), and from third countries (-9.5%).

The trade deficit in Greece widened slightly to EUR 3.6 billion in December 2025 from a revised EUR 3.5 billion in the same month a year ago. This was the largest trade gap since November 2022, as imports rose more than exports. Imports grew by 1.5% year-on-year to EUR 7.7 billion, driven mainly by increased purchases from the EU (9.1%), which more than offset a drop in imports from third countries (-7.9%). Meanwhile, exports increased by 0.7% to EUR 4.1 billion due to higher sales to the EU (11.8%), while shipments to the third countries declined (-11.5%). For the whole year of 2025, the country's trade gap narrowed to EUR 33.5 billion from EUR 35.6 billion in 2024, with exports (-2.8%) falling less than imports (-4.1%).

The trade deficit in Greece shrank to EUR 2.8 billion in November 2025 from the revised EUR 3.3 billion in the corresponding month last year, as exports increased slightly while imports slumped. Exports went up by 0.4% year-on-year to EUR 4.1 billion, as higher shipments to non-EU countries (+4.8%), primarily mineral fuels and lubricants, more than offset declines to the EU (-2.9%). Conversely, imports dropped 6.6% to EUR 6.9 billion, on the back of lower purchases from both the non-EU countries (-11.4%) and the EU (-2.4%).