The war-footing in the Middle East, following Hamas’ terror attacks in southern Israel and the latter’s expected ground operation against Gaza, has expectedly caused turbulence in global markets, with Athens now concerned over its burgeoning bilateral trade with Israel.
Beyond building a strategic relationship with Israel over the past two decades, Athens also enjoys ever-growing trade ties. For instance, bilateral trade in 2022 reached 1.37 billion euros, up 45.8 percent from the preceding year. The increase was in favor of Greek imports, with the latter rising 54.9 percent, year-to-year – from 548.7 million euros in 2021 to 850 million euros in 2022.
Conversely, exports from Israel to Greece increased by 33 percent in 2022, rising to 523 million euros, up from 393 million euros in 2021.
According to the Greek-Israeli Chamber of Commerce, Greece mainly exports petrochemical products, copper and steel pipes, cables, construction materials, aluminum-making equipment and sulphides to the Mideast country.
In terms of foodstuffs, Greek imports to Israel include margarines, canned vegetables, cooking oils, fresh fruit, seafood, confectionary and baking goods, along with beer, nuts and yoghurt.
Israeli exports to Greece are mainly petroleum products, scrap metals, fertilizers, paper, plastics, pesticides and related chemical products.
Latest News
National Intelligence Agency DG to Accompany Greek PM to Ankara
Prime Minister Mitsotakis also gave an interview to Turkish newspaper Milliyet regarding his upcoming visit
Draft Bill Eyes Detection of Uninsured, Poorly-Maintained Vehicles in Greece
According to reports, at least half a million vehicles in Greece are uninsured, while the number of those without inspections is unknown
AIA: Passenger Traffic Up by 16.3% in April
Passenger traffic at the Athens International Airport (AIA) amounted to 2.49 million during April 2024
Fitch Solutions: Greece Set to Welcome 40 Million Tourists Annually by 2028
However, Fitch Solutions highlights concerns about overtourism, cautioning that it could strain Greece's capacity to deliver quality services, potentially leading to neglect of popular destinations
ELSTAT: Q1 Exports Down 11% – Trade Deficit Up 8.7%
Amid international uncertainty and armed conflicts in Gaza and Ukraine in 2023, Greek exports continued to decline, ending the year with an 8.5% drop
The Worst European Cities for Pickpocketing – Where is Athens?
The data was presented by London-based travel insurance company Quotezone
Greek Buyers Drive Vacation Home Market Resurgence
George Gavriilidis, CEO of the real estate consultancy Elxis highlights that Greek buyers are increasingly drawn to emerging locales.
INSETE: Air Data Tracker Sees Bookings up 8.4%
Of the 27,025,200 seats booked from March to October 2024, 80% have been confirmed
Titan Group Announces IPO For Its North American Subsidiary
Titan Group subsidiary Titan American will be listed in a New York stock exchange, with the details pending
McDonald’s in Greece Breaks New Records, Plans New Outlets
McDonald’s has finally won over consumers in Greece, reporting record gains and planning more outlets.