Greece Balance of Trade

Last Release

Sep 30, 2024

Actual

-3,057.7

Units In

EUR Million

-2,500

Frequency

Monthly

Next Release

Dec 06, 2024

Time to Release

27 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
-619.8 Jul 2015	-4,328.6 Mar 2007	-2,231.15 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 widened to EUR 3.1 billion in September 2024 from EUR 2.7 billion in the corresponding month of the previous year. Exports fell 4.6% year-on-year to EUR 4.1 billion, driven by lower shipments to EU Countries (-6.8%) and third countries (-1.9%). Meanwhile, imports rose 2.1% to EUR 7.2 billion amid higher purchases from the EU (+4.9%), while shipments declined from third countries (-0.8%). Considering the first nine months of the year, the country’s trade gap rose to EUR 25.1 billion from EUR 23.2 billion a year earlier, as exports declined 1.8%, while imports grew by 2.1%.