Greece's trade deficit narrowed to EUR 1.16 billion in May 2020 from EUR 2.22 billion in the same month last year, as the coronavirus pandemic hit global demand. Imports plummeted 39.0 percent as purchases from the EU were down 24.0 percent and those from non-EU countries tumbled 53.2 percent. Meanwhile, exports declined at a softer 32.7 percent due to falling sales to both the EU (-19.9 percent) and non-EU countries (-46.5 percent).
Balance of Trade in Greece averaged -2175.70 EUR Million from 2001 until 2020, reaching an all time high of -619.80 EUR Million in July of 2015 and a record low of -4328.60 EUR Million in March of 2007. This page provides - Greece Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Balance of Trade in Greece is expected to be -1230.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Greece to stand at -1300.00 in 12 months time. In the long-term, the Greece Balance of Trade is projected to trend around -1010.00 EUR Million in 2021 and -1120.00 EUR Million in 2022, according to our econometric models.