Greece's trade deficit widened to EUR 2.77 billion in November of 2021 from EUR 1.43 billion in the corresponding month of the previous year. Imports surged 63.3 percent year-on-year to EUR 6.66 billion, underpinned by soaring purchases from non-EU countries (115.5 percent) and sustained import growth from EU countries (27.9 percent). Meanwhile, exports jumped at a softer 47.2 percent to EUR 3.89 billion as sales advanced both to EU countries (35.3 percent) and at a stronger pace to non-EU countries (62.9 percent). Considering the first eleven months of 2021, the country’s trade gap widened to EUR 21.64 billion from EUR 16.65 billion in the same period of last year. source: National Statistical Service of Greece

Balance of Trade in Greece averaged -2149.20 EUR Million from 2001 until 2021, 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. 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 January of 2022.

Balance of Trade in Greece is expected to be -1740.00 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 -1360.00 EUR Million in 2023, according to our econometric models.

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Greece Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-12-08 10:00 AM Oct €-2.2B €-2.1B €-2.3B
2022-01-07 10:00 AM Nov €-2.77B €-2.2B €-2.3B
2022-02-07 10:00 AM Dec €-2.77B € -1.6B


Related Last Previous Unit Reference
Balance of Trade -2770.00 -2473.70 EUR Million Nov/21
Imports 6666.50 5869.00 EUR Million Nov/21
Exports 3896.30 3708.50 EUR Million Nov/21

News Stream
Greek Trade Gap Widens in November
Greece's trade deficit widened to EUR 2.77 billion in November of 2021 from EUR 1.43 billion in the corresponding month of the previous year. Imports surged 63.3 percent year-on-year to EUR 6.66 billion, underpinned by soaring purchases from non-EU countries (115.5 percent) and sustained import growth from EU countries (27.9 percent). Meanwhile, exports jumped at a softer 47.2 percent to EUR 3.89 billion as sales advanced both to EU countries (35.3 percent) and at a stronger pace to non-EU countries (62.9 percent). Considering the first eleven months of 2021, the country’s trade gap widened to EUR 21.64 billion from EUR 16.65 billion in the same period of last year.
2022-01-07
Greek October Trade Gap Widens Significantly
Greece's trade deficit widened significantly to EUR 2.161 billion in October of 2021 from EUR 1.414 billion in the corresponding month of the previous year. Imports surged 42.1 percent year-on-year to EUR 5.869 billion, underpinned by soaring purchases from non-EU countries (91.3 percent) and sustained import growth from EU origins (11.7 percent). Meanwhile, exports jumped 36.6 percent to EUR 3.709 billion as sales advanced to both EU countries (27.5 percent) and, at a stronger pace, to non-EU countries (48.1 percent). Considering the first ten months of the year, the country’s trade gap widened to EUR 18,841 billion from EUR 15.224 billion in the same period last year.
2021-12-08
Greek Trade Gap Widens in September
Greece's trade deficit widened to EUR 2.1 billion in September of 2021 from EUR 1.7 billion in the corresponding month of the previous year. Imports rose 37.2 percent year-on-year to EUR 5.8 billion as purchases from non-EU countries jumped 73 percent and those from EU countries soared 15.7 percent. Meanwhile, exports advanced 43.2 percent to EUR 3.7 billion, due to higher sales to both non-EU countries (59.7 percent) and EU countries (31.8 percent). Considering the first nine months of the year, the country’s trade gap widened to EUR 16.7 billion from EUR 13.8 billion in the same period a year ago.
2021-11-05

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.