Greece's trade deficit rose to EUR 1.608 billion in November of 2019 from EUR 1.502 billion in the same month of the previous year. Exports dropped 11.4 percent from a year earlier to EUR 2.712 billion, dragged by lower shipments to European countries (-8.2 percent) while those to other countries fell (-15.1 percent). Meantime, imports decreased 5.3 percent to EUR 4.320 billion, as purchases from European countries went down 1.5 percent and those from countries outside the EU slumped 9.9 percent. Considering the first eleven months of the year, the country's trade gap widened to EUR 20.148 billion from EUR 18.973 billion in the same period of 2018.
Balance of Trade in Greece averaged -2193.05 EUR Million from 2001 until 2019, 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.
Balance of Trade in Greece is expected to be -2000.00 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 -1630.00 in 12 months time. In the long-term, the Greece Balance of Trade is projected to trend around -1610.00 EUR Million in 2020, according to our econometric models.