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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Exporting to Greece
Greece Country Profile
Official Name (Local Language) Elliniki Dhimokratia
Capital Athens
Population 10,773,253
Currency Euro
GDP $195.9 billion
Languages Greek
Phone Dial In 30
Greece Imports
Profile
Imports ($m USD) 55,301
Number of Import Products 4,405
Number of Import Partners 185
Greece Economic Statistics
Government Website | https://primeminister.gr/ |
| Sovereign Ratings | https://countryeconomy.com/ratings/greece |
| Central Bank | National Bank of Greece |
| Currency USD Exchange Rate | 0.9214 |
| Unemployment Rate | 24.6% |
| Population below poverty line | 36% |
| Inflation Rate | -0.2% |
| Prime Lending Rate | 0.05% |
| GDP | $195.9 billion |
| GDP Pro Capita (PPP) | $26,800 |
| Currency Name | Euro |
| Currency Code | EUR |
| World Bank Classification | High Income |
| Competitive Industrial Performance | 86/138 |
| Corruption Perceptions Index | 59/180 |
| Ease of Doing Business | 72/190 |
| Enabling Trade Index | 52/136 |
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Greece’s import commodities usually came from Russia amounting to $7.8 billion, followed by Germany valued at $6 billion, Italy at $5 billion and Iraq with $4.4 billion. Among the country’s top imports would include crude petroleum valued at around $14 billion, refined petroleum with $4 billion, packaged medicaments at $3 billion, petroleum gas at $1.8 billion and another $1.2 billion for passenger and cargo ships.
Exporting to Greece: What is trade finance?
The Greeks possess 64th of the world’s largest export economy, according to the Economic Complexity Index (ECI). Some of the export commodities offered by Greece would include refined petroleum valued at $12 billion, packaged medicaments at $1.13 billion, around $695 million of pure olive oil and aluminum plating valued at $666 million. The major export destinations of Greek products would include Turkey ($4.2 billion), Italy ($3 billion), Germany ($2.2 billion) and Bulgaria ($1.8 billion).
Chart Showing GDP Growth Compared to rest of world
GDP Composition for Greece
Agriculture
4.1%
Wheat, corn, barley, sugar beets, olives, tomatoes, wine, tobacco, potatoes; beef, dairy products
Industry
15%
Tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum
Services
80.9%
Map
Top 5 Exports Partners
| Country | Trade | % Partner Share |
| Germany | 5,646 | 10.21 |
| Italy | 4,208 | 7.61 |
| Russia | 3,887 | 7.03 |
| Korea, Rep. | 3,572 | 6.46 |
| Iraq | 3,549 | 6.42 |
Top 5 Exports Products
| Export Product | Number |
| Petroleum oils, etc, (excl. crude); preparation | 15.7% |
| Petroleum oils and oils obtained from bituminou | 6.2% |
| Palm oil (excl. crude) and liquid fractions | 6.1% |
| Natural gas, liquefied | 4.6% |
| Transmission apparatus, for radioteleph incorpo | 2.4% |
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