Greece Balance of Trade

Last Release

Dec 31, 2024

Actual

-3,094.7

Units In

EUR Million

-3,181

Frequency

Monthly

Next Release

Mar 10, 2025

Time to Release

28 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
-619.8 Jul 2015	-4,328.6 Mar 2007	-2,240.85 EUR Million	2001-2024	National Statistical Service of Greece

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.

Latest Updates

Greece's trade deficit narrowed slightly to EUR 3.1 billion in December 2024 from EUR 3.4 billion in the corresponding month of the previous year, as exports rose while imports dropped. Exports increased 7.8% year-on-year to EUR 4.0 billion, driven by higher sales to third countries (11.6%) and the EU (4.6%). Meanwhile, imports fell 0.2% to EUR 7.1 billion, as lower imports from third countries (-2%) offset a rise in imports from the EU (1.4%). For the full year of 2024, the country’s trade gap widened to EUR 34.6 billion from EUR 32.1 billion in 2023, as exports declined (-2.2%) while imports grew (1.7%).