Greece's Trade Deficit Dropped From EUR 2.7 billion in August of The Previous Year to EUR 2.5 Billion in August of 2024.
Athens, 8 October 2024
Greece's trade deficit dropped from EUR 2.7 billion in August of the previous year to EUR 2.5 billion in August of 2024. Exports decreased by 1.7% year over year to EUR 3.7 billion, with a decrease from EU countries accounting for 88.8% of the total, while shipments from non-EU countries climbed by 7.8%. In the meantime, imports fell 3.7% to EUR 6.2 billion, mostly as a result of decreased purchases from non-EU nations (-0.7%) and the EU (6.9%). The country's trade deficit increased to EUR 22 billion in the first eight months of this year from EUR 20.4 billion the previous year due to a 1.5% decrease in exports and a 2% increase in imports.
Stats
In August 2024, Greece's trade deficit was registered at 2,500 EUR million. Greece's balance of trade reached an all-time high of -619.80 EUR million in July 2015 and a record low of -4328.60 EUR million in March 2007, with an average of -2239.62 EUR million between 2001 and 2024. Greece Balance of Trade: actual numbers, historical data, forecast, chart, statistics, economic calendar, and news are all provided on this page. The most recent update to the Greece Balance of Trade statistics, historical chart, predictions, and publication calendar was made in October 2024.
Forecast
In August 2024, Greece's trade deficit was registered at 2,500 EUR million. Greece's balance of trade is predicted by Trading Economics global macro models and analysts to be -2800.00 EUR million at the conclusion of current quarter. Based on our econometric models, the Greece Balance of Trade is expected to trend between -2900.00 EUR Million in 2025 and -2800.00 EUR Million in 2026 over the long run. (Source: Trading Economics)
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