Exports Declined by 2.2% Last Year

Exports Declined by 2.2% Last Year

Growth was recorded in oil products (37.1%), food (4.6%) as well as raw materials (10.3%) compared to last May. However, exports of industrial goods (-12.2%), machinery (-18.2%), chemicals (-4.2%) and various industrial goods (-14.8%) recorded a contraction.

Greek exports rose 7.8% in December 2024, compared to the same month in 2023, reaching 4.03 billion euros against €3.74 billion in December 2023, the Panhellenic Exporters’ Association and its Center of Export Research and Studies said on Friday. 

Based on preliminary data by the Hellenic Statistical Service, the Exporters’ Association and its center said that, excluding petroleum products, exports showed 16.2% growth for a sixth consecutive month, reaching €3.01 billion from €2.59 billion (a rise of €418.4 million). 

On a year-on-year basis (January-December), exports only fell marginally by -2.2% and reached €49.90 billion against €51.02 billion in January-December 2023 (a €1.12 billion drop). 

Excluding fuel products, exports for January-December 2024 rose to total €36.09 billion – i.e. 2.3% – over €35.27 billion in the same period of 2023. Exports to EU countries fell (-5.9%) and to third countries rose slightly (2.7%) in January-December 2024 over 2023, including petroleum products. 

Excluding petroleum products, exports remained to EU countries remained stagnant (-0.1%) and expanded to third countries (7.1%). In December 2024, exports showed a rising trend in eight of 10 main categories, compared to December 2023: foods (11.1%), industrial products (10.4%), chemicals (14.8%), machinery (4.7%), various industrials (29.9%), raw materials (30.6%), oils (70.5%) and low-value exports in confidential products (59.2%).