Greek Exports to the U.S. Higher in 2014

assets_LARGE_t_420_54126378Greek exports to the United States in 2014 rose by almost 10 percent compared to 2013 and exceeded 1 billion dollars, according to the U.S. International Trade Commission (USITC).

The two main factors that contributed to the rise were the drop of the euro compared to the dollar and the fact that Greek companies intensified exports as domestic sales remained low. Greek products became more competitive after the continuous decline of the European common currency.

USITC data shows that the U.S. imported Greek products totaling 1.047 billion dollars (about 976 million euros) against 956 million dollars (about 889 million euros) in 2013.

The 2014 figures come second to the 2007 figures, a record year for Greek exports to the rich U.S. market when the U.S. bought 1.19 billion dollars (1.11 billion euros in today’s exchange rate) worth of products from Greece.

Olives were the most exported product to the U.S. and accounted for 11 percent of total exports in 2014, bringing Greek producers and wholesalers more than 115 million dollars. Second came Greek razor blades at 106.17 million dollars, followed by aluminum alloy sheets worth 57.99 million dollars.

Other exported products to the U.S. were antiques, pure copper piping, peaches and cement.