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27 September 2024
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Key Indicators
Overview
Greece: Navigating Trade Opportunities and Challenges
Nestled in southeastern Europe, Greece boasts a rich historical legacy intertwined with its strategic maritime location. In 2024, Greece ranked 52 globally in terms of GDP. Geographically, Greece's position as a gateway between Europe and the Middle East presents both advantages and challenges for trade.
Introduction:
Greece's strategic location at the crossroads of Europe, Asia, and Africa makes it a significant import hub, especially for energy, machinery, and food products. These imports are crucial for supporting Greece's main economic sectors such as tourism, shipping, and agriculture, providing numerous opportunities for global exporters.
Economic Overview:
The Greek economy is diversifying post-recession, focusing on sectors like energy, technology, and healthcare. While tourism remains a staple, Greece relies heavily on imports to fuel its industrial and consumer markets, impacting GDP significantly. Efforts are ongoing to bolster economic resilience and reduce dependency on foreign goods through development of local industries.
Political and Regulatory Environment:
Greece's political environment has stabilized, improving its investment climate. As a member of the European Union, Greece follows EU trade policies and regulations, which influence its import activities. Recent legislative reforms aim to simplify import processes and enhance trade relations.
Opportunities and Challenges for Exporters:
Exporters to Greece will find opportunities in supplying technological equipment, renewable energy solutions, and pharmaceuticals. Challenges include bureaucratic red tape, economic fluctuations, and the competitive EU market.
Positives:
1. Strategic Maritime Location: Greece's extensive coastline and numerous ports position it as a vital maritime crossroads. This facilitates trade routes and enhances maritime trade opportunities, connecting Europe with the Mediterranean and beyond.
2. Tourism and Services: The country's picturesque landscapes attract a substantial influx of tourists, contributing significantly to its economy. Additionally, Greece has a well-established service sector, further diversifying its trade portfolio.
3. EU Membership: Greece's membership in the European Union provides access to a large market and trade agreements, fostering economic collaboration and easing trade with fellow member nations.
Negatives:
1. Economic Challenges: Greece has faced economic turbulence, including a debt crisis, impacting its overall economic stability and potential for growth.
2. Infrastructure Limitations: Some regions in Greece may experience infrastructure challenges, affecting transportation and logistics, potentially hindering trade efficiency.
3. Bureaucratic Processes: Despite improvements, bureaucratic hurdles and administrative processes can pose challenges for businesses involved in international trade.
Greece import export data, including buyer and supplier names, is available on the Volza Platform.
Greece import export data, including buyer and supplier names, is available on the Volza Platform.
Imports:
In October 2023, Greece ranked 28th in global imports, with imports valued at 74.18 billion, representing a -12% growth from October 2022.From October 2023 to October 2024, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.
In 2024, imports totaled 74.18 billion, marking a -24% YOY growth from 2023. Sources of these imports were Germany, China, Italy, Iraq, Netherlands, France, Kazakhstan, Bulgaria, Spain, Russian Federation. Imported products were Mineral fuels and oils, Machinery and equipment, Electrical machinery and equipment other than railway or tramway. Suppliers were JUMBO S A, ENERGIERS, and DIAFANO S A. Importers in Greece were Germany: 9.9%, China: 8.7%, and Italy: 7.6%.
Top 10 Import Products:
- Crude oil (HS code: 2709) - Primary energy source.
- Pharmaceuticals (HS code: 3004) - Healthcare needs.
- Cars (HS code: 8703) - Automotive market.
- Packaged medicaments (HS code: 3004) - Medical sector.
- Computers (HS code: 8471) - IT and telecommunications.
- Mobile phones (HS code: 8517) - Consumer electronics.
- Gas turbines (HS code: 8411) - Energy production.
- Fish (HS code: 0302) - Food and cuisine.
- Cheese (HS code: 0406) - Dietary staples.
- Wine (HS code: 2204) - Beverage industry.
Top Buyers from Greece:
ZAN COMERCIAL TRANSPORT MON IKE, XASAN XOYSEIN, TECHNOPOOL HELLAS IKE
Solution for Global Exporters:
Global exporters should utilize Volza’s online import data to understand the Greek market, identify trends, and tailor their offerings to meet local demands. Volza provides detailed insights that help navigate the complexities of the Greek import market, ensuring efficient and effective market penetration. Visit Volza for actionable intelligence and support in seizing trade opportunities in Greece.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 01, Mar, 2024
Source : Volza Import Data
Greece
Import Data
Import Data
9,017,186 Bill of Ladings, 77,886 Buyers & 43,928 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Search Import Export Data
Reach out to the Greece Import market Identify verified and active business partners in Greece
Greece Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
PHOTOCOPY PAPER JK COPIER SIZE: A4 21 |   India | India | 30-04-2024 |
1 5134589, M/C No: 5134589 Decanter Cent | 30-04-2024 | ||
HANDLOOM LEATHER RUG- 10% Cotton 90% Lea | India | 30-04-2024 | |
100% COTTON HANDLOOM THROW | India | 30-04-2024 | |
SPARES: SMPS-24V DC-5A | India | India | 30-04-2024 |
SAFETY MATCHES FIRE PLACE BBQ 321 CARTO | India | 30-04-2024 |
Top 10 Importers
Greece Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Greece. To assist you in identifying the leading importers in Greece, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Greece are companies like JUMBO S A, ENERGIERS , and DIAFANO S A. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Greece Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 9,926 | |
2 | 9,328 | |
3 | 7,703 | |
4 | 5,720 | |
5 | 4,644 | |
6 | 4,468 | |
7 | 4,352 | |
8 | 3,927 | |
9 | 3,540 | |
10 | 3,502 |
Data Source : Volza Import Data
Top 10 Import Products
Greece Top 10 Import Products
As the Greece import data reveals, the nation's top import products for 2024 were prominently characterized by:- Cotton Thread: 40.57%
- Automobile Component: 31.04%
- A Line Dress: 10.62%
- Vanity Case: 5.50%
- Painted Steel: 4.06%
- Wooden Door: 3.51%
- Aluminum Box: 2.10%
- Ladies Tunics: 1.31%
- Utensil Set: 0.78%
- Napkin Ring: 0.52%
Greece Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | COTTON THREAD | 5,369,940 |
2 | Automobile Component | 4,108,511 |
3 | A Line Dress | 1,405,330 |
4 | VANITY CASE | 728,516 |
5 | Painted Steel | 536,999 |
6 | WOODEN DOOR | 465,124 |
7 | Aluminum Box | 278,287 |
8 | Ladies Tunics | 173,318 |
9 | Utensil Set | 103,191 |
10 | Napkin Ring | 68,219 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Greece
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Greece Top 1 Import Trading Partners
Greece trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 737,739).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Greece had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Greece import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Greece’s major imports from India include Automobile Component, COTTON THREAD, Aluminum Box, WOODEN DOOR, Utensil Set, Napkin Ring, A Line Dress, Ladies Tunics, VANITY CASE, Painted Steel, products. The provided chart below breaks down the values in percentile of Greece’s top 1 import partners for 2024.
Greece Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Greece Import Data Sample record
Greece import data covers all important shipping details that are essential for businesses to find importers in Greece, analyze market trends and identify potential industries. Greece trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Greece import data sample with complete number of fields available in data.
Greece Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 48025610
- Quantity:
- 16,434
- Quantity Unit:
- KGS
- Value FC:
- 11,996.82
- Value:
- HS Descirption:
- Uncoated paper and paperboard, of a kind used for writing, printing or other graphic purposes, and non perforated punch card and punch tape paper , in rolls or rectangular (including square)sheets of any size, other tan paper of heading 4801 or 4803; hand
- Exporter:
- JK PAPER LTD
- Importer:
- MARQUSCO PVT LTD
Data Source : Volza Import Data
Greece Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Greece Top 10 Import Ports
Greece's global import trade operates through over 10 ports. Piraeus stands as the predominant port, handling 364,784 import shipments, which constitutes a 50.04% market share. Athens follows with an 20.76% share, accounting for 151,348 shipments, while Thessaloniki contributes a 19.89% market share with its 144,986 shipments. For detailed import trade statistics of each port in Greece, refer to the provided links below. Collectively, these ports underscore the integrated nature of Greece's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Greece.
Greece Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Greece
- 9,017,186
- Date
- 30-04-2024
- Shipper Name
- PAPER TRENDS IKE
- Consignee Name
- JK PAPER LTD
- Weight Unit
- KGS
- Quantity
- 16,434
- Shipment Origin
- India
- Port of origin
- Tondiarpet Icd