Value of Greece’s imports from Russia up by 94%

The Hellenic Statistical Authority (ELSTAT) responding to the need for the provision of specialized statistical information due to the ongoing developments linked to the war in Ukraine announced bilateral trade data between Greece and Russian Federation and between Greece and Ukraine.

I. BILATERAL TRADE GREECE-RUSSIA

In May 2022 the value of imports of Greece from Russia was 625.5 million euros, recording an increase of 94.7% in comparison with May 2021 when it was 321.2 million euros. The value of exports of Greece to Russia in May 2022 was 5.5 million euros, recording a decrease of 56.9% in comparison with May 2021 when it was 12.9 million euros. The trade balance between Greece – Russia in May 2022 was negative and amounted to 620.0 million euros (deficit).

During the period January – May 2022 the value of imports of Greece from Russia was 2,817.2 million euros, recording an increase of 117.6% in comparison with the period January – May 2021 when it was 1,294.4 million euros. The value of exports of Greece to Russia during the period January – May 2022 was 47.5 million euros, recording a decrease of 31.1% in comparison with the period January – May 2021 when it was 69.0 million euros. The trade balance between Greece – Russia during the period January – May 2022 was negative and amounted to 2,769.7 million euros (deficit).

In 2021, 656 Greek enterprises had imports from Russia and 639 Greek enterprises had exports to Russia. The total value of imports of Greece from Russia in 2021 was 4,302.4 million euros, recording an increase 46.7% in comparison with the respective total value of the year 2020 when it was 2,933.5 million euros. The total value of exports of Greece to Russia in 2021 was 206.6 million euros recording an increase of 28.0% in comparison with the corresponding total value of the year 2020 when it was 161.4 million euros . The trade balance between Greece and Russia in year 2021 was negative and amounted to 4,095.8 million euros (deficit).

II. BILATERAL TRADE GREECE-UKRAINE

In May 2022 the value of imports of Greece from Ukraine was 8.6 million euros, recording a decrease of 23.7% in comparison with May 2021 when it was 11.2 million euros. The value of exports of Greece to Ukraine in May 2022 was 14.6 million euros, recording an increase of 46.1% in comparison with May 2021 when it was 10.0 million euros. The trade balance between Greece – Ukraine in May 2022 was positive and amounted to 6.0 million euros (surplus).

During the period January–May 2022 the value of imports of Greece from Ukraine was 66.0 million euros, recording a decrease of 9.8% in comparison with the period January–May 2021 when it was 73.1 million euros. The value of exports of Greece to Ukraine during the period January–May 2022 was 44.4 million euros, recording a decrease of 33.8% in comparison with the period  January–May 2021 when it was 67.0 million euros. The trade balance between Greece–Ukraine during the period January–May 2022 was negative and amounted to 21.6 million euros (deficit).

In 2021, 494 Greek enterprises had imports from Ukraine and 581 Greek enterprises had exports to Ukraine. The total value of imports of Greece from Ukraine in 2021 was 198.4 million euros, recording an increase 10.8% in comparison with the corresponding total value in 2020 when it was 179.0 million euros. The total value of exports of Greece to Ukraine in 2021 was 338.8 million euros recording an increase of 74.9% in comparison with the respective total value in year 2020 when it was 193.7 million euros. The trade balance between Greece and Ukraine in 2021 was positive and amounted to 140.4 million euros (surplus).