Greece exported US$54 billion worth of products around the world in 2024. That dollar amount results from a a 53.9% increase compared to $35.1 billion five years earlier during 2020.
From 2023 to 2024, the overall value of Greek exports declined -1.9% from $55.1 billion.
Greece is a relatively small player in international trade. Its $54 billion in exports equals about 0.2% of the value for globally exported goods from all countries ($23.785 trillion for 2024).
Applying a continental lens, well over two-thirds (71.5%) of Greece exports by value was delivered to fellow European countries while 14.2% was sold to importers based in Asia. Greece shipped another 6.7% worth of products to Africa.
Lower percentages went to North America (5.5%), Latin America (1.1%) excluding Mexico but including the Caribbean, then Oceania led by Australia, Marshall Islands and New Zealand (0.9%).
Greece’s Top Trading Partners
Below is a list showcasing 25 of Greece’s top trading partners, countries that imported the most Greek shipments by dollar value during 2024. Shown within parenthesis is each import country’s percentage of total Greek exports.
- Italy: US$5.7 billion (10.5% of total Greek exports)
- Germany: $3.8 billion (7.1%)
- Cyprus: $3.6 billion (6.6%)
- United Kingdom: $3.5 billion (6.4%)
- Bulgaria: $3.2 billion (5.9%)
- United States: $2.5 billion (4.7%)
- Romania: $2 billion (3.6%)
- Spain: $1.7 billion (3.1%)
- Türkiye: $1.62 billion (3%)
- France: $1.59 billion (2.9%)
- North Macedonia: $1.44 billion (2.7%)
- Ukraine: $1.34 billion (2.5%)
- Lebanon: $1.32 billion (2.4%)
- Netherlands: $1.27 billion (2.3%)
- Poland: $1.25 billion (2.3%)
- Libya: $1.18 billion (2.2%)
- Israel: $1.1 billion (2%)
- Egypt: $980.1 million (1.8%)
- Albania: $945.6 million (1.8%)
- Belgium: $783.3 million (1.5%)
- Serbia: $601.8 million (1.1%)
- Austria: $597.4 million (1.1%)
- South Korea: $590.8 million (1.1%)
- Malta: $543.1 million (1%)
- Slovenia: $504.7 million (0.9%)
More than four-fifths (80.6%) of Greek exports in 2024 was delivered to the above 25 trade partners.
Posting the strongest gains in their purchases of Greek exports were customers in Egypt (up 79.3% from 2023), United Kingdom (up 65.7%), Israel (up 51.2%), Ukraine (up 49.4%) and Poland (up 24.5%).
The severest decliners among Greece’s top 25 product buyers were Libya (down -30.7% since 2023), Spain (down -23.9%), Türkiye (down -17.5%), France (down -17.3%) and Bulgaria (down -15.5%).
Countries Causing the Greatest Trade Deficits for Greece
Greece experienced a -US$35.9 billion trade deficit during 2024, a 7% upturn from the -$33.6 billion in red ink for 2023.
As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.
It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners. Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports.
In 2024, Greece incurred the highest trade deficits with the following countries.
- mainland China: -US$7.1 billion (country-specific trade deficit in 2023)
- Germany: -$5.7 billion
- Iraq: -$5.3 billion
- Kazakhstan: -$4.4 billion
- Netherlands: -$3.8 billion
- France: -$2.5 billion
- Italy: -$1.87 billion
- Türkiye: -$1.86 billion
- Russia: -$1.8 billion
- Belgium: -$1.6 billion
Among Greece’s trading partners that cause the greatest negative trade balances, Greek deficits with Italy (up 484.2%), Türkiye (up 89.5%) and France (up 37%) grew at the fastest pace from 2023 to 2024.
These cashflow deficiencies clearly indicate Greece’s competitive disadvantages with the above countries, but also represent key opportunities for Greece to develop country-specific strategies to strengthen its overall position in international trade.
Countries Generating the Strongest Trade Surpluses for Greece
Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.
In 2024, Greece incurred the highest trade surpluses with the following countries.
- Cyprus: US$2.7 billion (country-specific trade surplus in 2023)
- Gibraltar: $1.34 billion
- Lebanon: $1.26 billion
- United Kingdom: $1.1 billion
- North Macedonia: $991.8 million
- Ukraine: $907 million
- Romania: $763.1 million
- Israel: $599.9 million
- Albania: $597.8 million
- Bulgaria: $339.7 million
Among Greece’s trading partners that generate the greatest positive trade balances, Greece surpluses with Israel (up 82.5%), Albania (up 66.1%) and the Ukraine (up 59.4%) grew at the fastest pace from 2023 to 2024.
These positive cashflow streams clearly indicate Greece’s competitive advantages with the above countries, but also represent key opportunities for Greece to develop country-specific strategies to optimize its overall position in international trade.
Major Greek Export Companies
Based on Forbes Global 2000 rankings, here are examples of large international trade players headquartered in Greece.
- Hellenic Telecom Organization (telecommunications)
- Hellenic Petroleum (refined oil, gas)
- Motor Oil Hellas (oil, gas)
Global trade intelligence firm Zepol also mentions the following companies as examples of Greek exporters.
- Inomessiniak (wine, olive oil)
- Interoliva (olives, glass bottles and jars)
- Promelk (t-shirts, brassieres, sweaters)
- St Agelopoulo (olives, live carp)
- Tsalma Marble Of Central North Greece (monument/building stone, wood boxes/cases/crates)
See also Greece’s Top 10 Imports, Greece’s Top 10 Imports, italy’s Top 10 Exports and Top EU Export Countries
Research Sources:
Central Intelligence Agency, The World Factbook: Country Profiles. Accessed on October 30, 2025
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on October 30, 2025
International Trade Centre, Trade Map. Accessed on October 30, 2025
Investopedia, Net Importer Definition. Accessed on October 30, 2025
Zepol’s company summary highlights by country. Accessed on October 30, 2025