What Are Greece's Main Exports?

tendata blogExport News

ten data blog22-04-2024

In 2023, Greece exported products worth $55.1 billion globally. This amount represents a 4.3% decrease compared to 2022, when exports totaled $57.6 billion.

Greece's top 10 export products represent approximately two-thirds (66.3%) of the country's total exports:

1. Mineral fuels, including petroleum: $17.8 billion (32.3% of total exports)

2. Pharmaceuticals: $3 billion (5.5%)

3. Aluminum: $2.8 billion (5.2%)

4. Machinery, including computers: $2.4 billion (4.4%)

5. Electrical machinery and equipment: $2.4 billion (4.4%)

6. Vegetable/fruit/nut products: $1.7 billion (3.1%)

7. Plastics and plastic products: $1.7 billion (3%)

8. Animal or vegetable fats, oils, and waxes: $1.6 billion (2.9%)

9. Fruit/nuts: $1.6 billion (2.9%)

10. Dairy products, eggs, honey: $1.5 billion (2.7%)

The categories of animal or vegetable fats, oils, and waxes experienced the fastest growth among the top 10 export categories, increasing by 40.4% from 2022 to 2023. Dairy products, eggs, and honey ranked second in export sales growth, with an increase of 24.7%. Greece's exports of fruits and nuts experienced the third-fastest growth, rising by 23.9%.

The largest decline among Greece's top 10 export categories was seen in mineral fuels, including petroleum, which decreased by -15.9%.

Please note that the results listed above are at the two-digit Harmonized Tariff Schedule (HTS) code level. For a more detailed understanding of export goods at a finer HTS code level, please refer to the detailed list report of Greece's top 10 products provided by Tendata:

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1. HS Code: 27101943 (18.53%, $8.3 million): Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.: Light diesel oil conforming to standard is 15770

2. HS Code: 890510100000 (6.1%, $2.73 million): Sea-going dredgers

3. HS Code: 842810209011 (4.69%, $2.1 million): Lifts and skip hoists: Skip hoists

4. HS Code: 300490000000 (4.68%, $2.09 million): Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale

5. HS Code: 3824999608 (3.87%, $1.73 million): Chemical products and preparations of the chemical or allied industries, incl. those consisting of mixtures of natural products, n.e.s. (detailed label not available)

6. HS Code: 830990909900 (3.7%, $1.66 million): Stoppers, caps and lids, incl. screw caps and pouring stoppers, capsules for bottles, threaded bungs, bung covers, seals and other packing accessories of base metal (excluding crow corks): Other packing accessories n.e.s.

7. HS Code: 761290300000 (3.36%, $1.5 million): Casks, drums, cans, boxes and similar containers, incl. rigid tubular containers, of aluminum, for any material (other than compressed or liquefied gas), of a capacity of <= 300 l, n.e.s.: Other containers: printed

8. HS Code: 100630960000 (3.3%, $1.48 million): Wholly milled long grain rice, length-width > 2 but < 3, whether or not polished or glazed (excl. parboiled)

9. HS Code: 741110900000 (2.37%, $1.06 million): Tubes and pipes of refined copper, in coils or otherwise bent

10. HS Code: 220210000019 (2.24%, $1 million): Waters, incl. mineral and aerated, with added sugar, sweetener, or flavor, for direct consumption as a beverage + detailed label not available +

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Greece's Top Customers for Exports Are as Follows:

Italy (11.6%), Bulgaria (6.9%), Germany (6.7%), Cyprus (6.5%), Spain (4.1%), United States (3.9%), United Kingdom (3.8%), Romania (3.6%), France (3.5%), Turkey (3.5%), Libya (3.1%), and Lebanon (2.8%).

From a continental perspective, 72.1% of Greece's exports go to other European countries, while 14.3% go to Asian importers. Greece also exports goods worth 6.9% to Africa. Smaller proportions flow to North America (4.7%), Latin America (1.2%), and then Oceania (0.8%), with the Marshall Islands, Australia, and New Zealand leading the way.

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