Greek exports surge in March 2021

Greek Exports March 2021

Greek exports recorded a significant increase in March 2021, according to the provisional data announced on 10.05.2021 by the Hellenic Statistical Authority and processed by the Institute of Export Research and Studies (ΙΕRS) established by the Greek Exporters Association (SEVE).
Namely, the country’s exports amounted to €3,338.1 million and increased by 34.6%, i.e. €858.3 million compared to March 2020, when they amounted to €2,479.8 million. If one removes mineral oil products from the country’s trade in goods, the picture does not vary significantly. Specifically, exports when exempting mineral oil products, increased by 29.9%, i.e. €574 million and amounted to €2,493.1 million compared to €1,919.1 million in March 2020.

High expectations for 2021

Regarding the course of Greece’s trade during the period January-March 2021, things have been particularly positive. In detail, exports amounted to €8,756.2 million in the first quarter of 2021 compared to €7,988.6 million in the first quarter of 2020, with an increase of €767.6 million, i.e., 9.6%. Excluding mineral oil products, Greek exports increased by 11.5%, i.e. €684.2 million and amounted to €6,644.9 million.

Food a driving force for exports

Significant progress was recorded in most Greek export sectors, especially chemicals (increase of €252.3 million, i.e. 21.7%) and food, which recorded an increase of €107.5 million, i.e. a 8.3% hike.
Regarding export destinations, EU member states absorbed the largest share of Greek exports (54.1% including mineral oil products, 66.4% without mineral oil products), while the share of exports absorbed by Third Countries was significantly smaller (45.9% including mineral oil products, 33,6% excluding mineral oil products).

Find out more about the trajectory of Greek exports.