Importing from Greece

Greece Import Guide | Trade Finance Global

Importing from Greece

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).

Greece Country Profile

Official Name (Local Language) Elliniki Dhimokratia
Capital Athens
Population 10,773,253
Currency Euro
GDP $195.9 billion
Languages Greek
Telephone Dial In 30

Greece Exports Profile

Exports ($m USD)

32,155

Number of Export Products

3,972

Number of Export Partners

218

Top 5 export partners

Country

Trade

% Partner Share

Italy

3,422

10.64

Germany

2,278

7.08

Turkey

2,207

6.86

Cyprus

1,947

6.06

Bulgaria

1,521

4.73

Top 5 Export Products at HS 6 digit level

Export Product

Number

Semi-milled or wholly milled rice

29.8%

Men's or boys' ensembles of cotton

3.9%

Uncombed single cotton yarn, with >=85% cotton,

2.1%

Bed linen of cotton (excl. printed, knitted or

1.8%

Toilet linen and kitchen linen, of terry fabric

1.7%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Greece

Agriculture

%

Product List

4.1%

Wheat, corn, barley, sugar beets, olives, tomatoes, wine, tobacco, potatoes; beef, dairy products

Industry

%

Industry List

15%

Tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum

Services

%

Services List

80.9%

Importing from Greece: What is trade finance?

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.

Information

Greece-Map

Importing from Greece? Contact our local experts

Greece-Flag

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

Currency in Greece

About the Author

Brian Canup is the Editorial & Research Assistant at Trade Finance Global (TFG).

Brian holds a BA in Political Science from the University of Wisconsin-Madison and an MA in International Political Economy from King’s College London.

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