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Updated · Kathimerini English Edition · Aug 10Greece Lifts H1 Exports 14.6% to €27.63 Billion as Trade Deficit Shrinks
1 articles · Updated · Kathimerini English Edition · Aug 10Summary
- €27.63 billion in first-half exports marked a 14.6% annual rise for Greece, while the trade gap narrowed as import growth lagged behind.
- €43.67 billion in imports was up 6.5% from €41 billion a year earlier, improving the exports-to-imports ratio to 0.657 from 0.553, ELSTAT data showed.
- Nearly 40% growth in refined petroleum exports—helped by the energy crisis—drove much of the gain, with raw materials up 20.6% and machinery up 11.6%.
- Olive oil exports bucked the trend, with their value falling 18.5% as lower prices weighed on one of Greece's key export categories.
Insights
Beyond the petroleum boom, can Greece's broader export surge finally conquer the lingering ghosts of its sovereign debt crisis? How will the looming 2027 EU sanctions deadline on Russian LNG reshape the petroleum surge currently narrowing Greece's massive trade gap?