Imports

In 2022, Greece imported $97.7 billion worth of products from around the world, up 26.4% from $77.3 billion in 2021.

Greece's best suppliers of imports

The latest country-specific data shows that Greece's imports are mainly supplied by exporters from: Russia (35.6% of Greece's global total), Germany (7.5%), mainland China (5.2%), Iraq (5.1%) , Italy (4%), the Netherlands (2.8%), France (2.7%), the US (2.2%), Turkey (2.2%), Bulgaria (1.8%), Spain (1.7%) and Kazakhstan (1.3%) .

Greece's top 10 imports

1. Mineral fuels including oil: $33.9 billion (34.7% of total imports)

2. Machinery including computers: $6.02 billion (6.2%)

3. Electrical machinery and equipment: $5.99 billion (6.1%)

4. Pharmaceuticals: $4.2 billion (4.3%)

5. Vehicles: $3.8 billion (3.9%)

6. Plastics, plastic products: $3.2 billion (3.3%)

7. Iron and steel: $2.4 billion (2.4%)

8. Organic chemicals: $2.3 billion (2.4%)

9. Aluminum: $2.1 billion (2.2%)

10. paper, paper products: $1.6 billion (1.7%)

Greece's top ten imports account for more than two-thirds (67.1%) of the total value of its purchases from other countries.

The largest increase in Greece's international purchases between 2021 and 2022 will be in imported fossil fuels, including petroleum (up 80.7%), aluminum (up 35.5%), paper materials and paper products (up 34.9%), followed by metals, iron and steel (up 32.4%).

The worst decline was in imported organic chemicals by -18.1% year-on-year.

At the more granular 4-digit HTS code level, the most valuable products imported into Greece were crude oil (16% of the Greek total), LPG (10.5%), refined petroleum (6.9%), dosage-mixed medicines (2.8%), automobiles (2.3%), computers (incl. optical readers) (1.4%), aluminum (also 1.4%), telephony equipment (incl. smartphones) ( 1.3%), solar diodes and semiconductors (1.2%), and then blood components including antisera (also 1.2%).

Exports

Greece exported $57.4 billion worth of products to the world in 2022, a 21.5% increase in total exports from $47.2 billion in 2021.

Greece's five most valuable exports are refined petroleum, petroleum gas, dosage-mixed drugs, aluminum sheet, sheet or strip, and computers including optical readers.

Best Customers for Greek Exports

The latest country-specific data show that Greek exports are mainly purchased by importers from Italy (10.4% of the Greek total), Bulgaria (7.8%), Germany (6.5%), Cyprus (5.9%), Turkey (4.6%), the United States of America (4.1%), the United Kingdom (3.9%), Spain (3.8%), Libya (3.4%), the Netherlands (3.4%), the United States of America (4.1%), Spain (3.9%), Libya (3.4%), and the United States of America (3.4%), Romania (3.3%), Northern Macedonia (3.2%) and France (3.1%).

Greece's top 10 exports

1. Fossil fuels, including oil: $21 billion (36.6% of total exports)

2. Aluminum: $3 billion (5.3%)

3. Pharmaceuticals: $2.7 billion (4.7%)

4. Electrical machinery and equipment: $2.4 billion (4.2%)

5. Machinery including computers: $2.4 billion (4.2%)

6. Plastics, plastic products: $1.9 billion (3.4%)

7. Vegetable/fruit/nut products: $1.6 billion (2.7%)

8. Fruits, nuts: $1.3 billion (2.3%)

9. Dairy products, eggs, honey: $1.18 billion (2.1%)

10. Animal and vegetable fats, oils, waxes: $1.16 billion (2%)

Greece's top ten exports account for a little over two-thirds (67.5%) of the total value of its global exports.

Mineral fuels, including oil: the fastest growing of the top ten export categories, with a 57.7% year-on-year increase from 2021 to 2022. This percentage growth is driven by increased international sales of processed oils exported from Greece. The second highest growth in export sales was in animal or vegetable fats, oils and waxes, a product category that grew by 28.2%. Greece's machinery shipments, including computers, ranked third in terms of growth, up 21.2 percent year-on-year.

The largest decline among Greece's top 10 export categories was pharmaceuticals, which fell by -20.7%.

In terms of the more granular 4-digit HS codes, Greece's top 10 exports were:

1. Processed petroleum (36.92%)

2. Petroleum gas (5.62%)

3. Pharmaceutical mixed doses (5.49%)

4. Aluminum plates, sheets and strips (2.41%)

5. Computers, optical readers (1.97%)

6.Olive oil (1.81%)

7.Cheese, curds (1.73%)

8.Fresh fish fresh (1.66%)

9. Copper pipes, tubes (1.56%)

10.Aluminum rods (1.54%)

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