Imports/Exports in Greece
Greece has an export-oriented economy, trade representing more than 50% of the GDP. The trade balance is negative and has worsened as an effect of the fall in exports caused by the recession. However, the Greek Minister of Finance recently stated that the figures for the first quarter of 2011 showed a significant recovery in exports.
Greece's main trading partners are the European Union (especially Italy and Germany) and the United States.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||63,619||76,247||89,681||67,775||50,694|
|Exports of Goods (million USD)||20,749||23,580||25,651||20,469||20,919|
|Imports of Services (million USD)||15,872||19,692||24,288||19,441||19,797|
|Exports of Services (million USD)||35,490||42,794||49,804||37,385||37,071|
|Imports of Goods and Services (Annual % Change)||9.7||9.8||4.0||-18.6||-|
|Exports of Goods and Services (Annual % Change)||5.1||5.9||-||-||-|
|Imports of Goods and Services (in % of GDP)||33.2||34.7||35.9||29.3||-|
|Exports of Goods and Services (in % of GDP)||22.6||22.7||23.2||18.6||-|
|Trade Balance (million USD)||-44,285||-57,050||-65,046||-42,836||-|
|Trade Balance (Including Service) (million USD)||-24,889||-34,240||-39,477||-||-|
|Foreign Trade (in % of GDP)||55.8||57.4||59.2||47.9||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|United Arab Emirates||1.0%|
|Other partnersClose extended list||59.4%|
(% of Imports)
|Other partnersClose extended list||58.5%|
Exchange Rate System
- Exchange Rate Regime
- Floating exchange rate system.
- Level of Currency Instability
- Exchange risks limited since the euro is a major currency.
|Euro (EUR) - Average Annual Exchange Rate For 1 USD||365.40|
Source: World Bank
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Foreign Agricultural Service on 8 Apr 2013 related to Imports/Exports in Greece
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