Greek exports experienced a significant downturn in April 2025, the first month of implementation of new global tariffs. The total value of Greek exports for April 2025 stood at €3,834.3 million (approximately $4,312.6 million), a 14.5 percent decrease from €4,482.6 million ($4,823.1 million) in April 2024.
For the broader January-April 2025 period, total exports reached €15,975.1 million ($17,124.0 million), down 5.1 percent from €16,827.0 million ($18,266.2 million) in the same period last year.
Interestingly, when excluding petroleum products, exports for January-April 2025 actually saw an increase of 4.9 percent (€583.9 million). If ships are also excluded, the increase rises to 5.0 percent (€593.1 million) compared to the previous year.
Total imports in April 2025 amounted to €6,674.9 million ($7,462.9 million), representing an 11.4 percent decrease from €7,532.5 million ($8,056.1 million) in April 2024. Excluding petroleum products, April 2025 imports decreased by 1.2 percent (€68.3 million). When both petroleum products and ships are excluded, the decrease for April 2025 imports was 2.4 percent (€137.6 million).
For the January-April 2025 period, total imports were €27,059.2 million ($28,857.9 million), a 2.9 percent decrease from €27,876.9 million ($30,075.8 million) in 2024. However, excluding petroleum products, imports for this period actually rose by 2.4 percent (€480.5 million). Excluding both petroleum products and ships, imports increased by 2.1 percent (€435.9 million).
The trade balance deficit for January-April 2025 showed a marginal increase of 0.3 percent, reaching €11,084.1 million ($11,733.9 million) compared to €11,049.9 million ($11,809.6 million) in the same period of 2024. When excluding petroleum products, the deficit decreased by 1.1 percent (€103.4 million), and by 1.8% (€157.2 million) when also excluding ships.
In April 2025 alone, the trade balance deficit decreased by 6.9 percent to €2,840.6 million ($3,150.3 million) from €3,049.9 million ($3,233.0 million) in April 2024. However, excluding petroleum products, the deficit in April 2025 saw a slight 0.7 percent increase (€18.4 million). If both petroleum products and ships are excluded, the deficit decreased by 2.0 percent (€49.9 million) compared to April 2024.
Greece has a diverse range of exports, but some key categories consistently dominate its trade profile. Based on recent data, the main Greek exports include:
Petroleum Products: This is by far Greece’s largest export category, accounting for a significant portion of its total exports. Greece refines crude oil and exports these products to various countries.
Pharmaceutical Products (Packaged Medicaments): Greece has a growing pharmaceutical industry, and packaged medicines are a substantial export.
Aluminum and Aluminum Products: Aluminum, particularly aluminum plating, is another significant export, reflecting Greece’s industrial output in this sector.
Agricultural Products: This broad category includes a variety of renowned Greek products:
While traditional products like olive oil and feta cheese are widely recognized, it’s important to note that industrial products like petroleum, pharmaceuticals, and aluminum contribute a much larger share to Greece’s overall export value.
Related: Mitsotakis: No Sense in US Tariffs on Olive Oil and Feta as Greece Braces for Impact
