Exports have played a key role in Greece’s economic recovery. During the recession, exports were necessary so that Greek companies could expand beyond the country’s borders. According to the official statistical data, Greek exports have shown a slight decrease in 2014, mainly due to the economic and political developments in neighboring countries and trading partners, however, the country’s progress in the field has been significant.
Around 65% of Greek exportable products end up in EU countries, during a period of weak economic growth, where Russia imposed an embargo on European imports and countries who were traditionally linked with Greece in regards to trade, such as Balkan countries, North Africa and the Middle East are being ravaged by the recession and political crises.
The Exporters’ Association of Northern Greece (SEVE) released official data about Greek exports, after Eurostat’s research on the trade of goods within the Eurozone for the first nine months of 2014. According to the official numbers, the Eurozone’s goods exports rose by 1.3% compared to last year, reaching a total of 2.6 trillion euros, while Greek exports dropped by 4.4%.
In 2014, Greece placed 13th in the Eurozone exports ranking and presented the third largest trade deficit (15.7 billion euros), following France and Spain.
According to data released by the Panhellenic Exporters Association there were several new inputs in the country’s most exportable products list: data-processing machines (12th place), unmilled durum wheat (59th place), gas and liquid meters (70th place) sanitary paper products (73th place), copper and aluminum rods (74th place), fishing nets (83rd place), agriculture and gardening sprayers (89th place), smoked fish (93rd place), rough fabrics (98th place), iron, steel, copper or aluminum sanitary ware (99th place).
Turkey still ranks first in terms of Greek exportable products destinations, followed by Italy, Germany, Bulgaria and Cyprus. Egypt rose in sixth place, while ships supply placed 7th in Third Countries. Gibraltar ranked in eighth place, followed by the United Kingdom and the United States of America.