Greek Non-Oil Exports Rise in Early 2025 Despite April Downturn - iefimerida.gr

Greek Non-Oil Exports Rise in Early 2025 Despite April Downturn

Το λιμάνι του Πειραιά
Φωτογραφία: SHUTTERSTOCK
ANTHEE CARASSAVA

Greece's exports, excluding petroleum products, grew 4.9% in the first four months of 2025, signaling a diversified resilience in the economy even as overall exports saw a significant decline in April due to a sharp drop in energy-related trade.

Preliminary data released by the Hellenic Statistical Authority, analyzed by the Panhellenic Exporters Association, highlights this shift.

ΤΟ ΑΡΘΡΟ ΣΥΝΕΧΙΖΕΙ ΜΕΤΑ ΤΗΝ ΔΙΑΦΗΜΙΣΗ

Overall exports in April fell by 14.5% year-on-year, dropping to 3.83 billion euros from 4.48 billion euros in the same month last year, representing a 648.3 million euro decline.

Without the volatile oil products, the decline was more moderate at 2.7%, totaling 3.12 billion euros.

Imports also saw a decrease in April, falling by 11.4% year-on-year, down 857.6 million euros to 6.67 billion euros.

This led to a narrowing of the trade deficit to 2.84 billion euros, a 6.9% reduction from April 2024. However, when oil products were excluded, the non-oil trade gap widened slightly by 0.7%.

For the broader January to April 2025 period, total exports reached 15.98 billion euros, a 5.1% decrease from 16.83 billion euros in the previous year. Crucially, non-oil exports showed positive growth, rising to 12.43 billion euros from 11.85 billion euros, a gain of 583.9 million euros.

ΤΟ ΑΡΘΡΟ ΣΥΝΕΧΙΖΕΙ ΜΕΤΑ ΤΗΝ ΔΙΑΦΗΜΙΣΗ

Imports for the same four-month period declined 2.9% to 27.06 billion euros.

When oil is excluded, imports increased 2.3% to 21.37 billion euros. The overall trade deficit remained stable at 11.08 billion euros, while the non-oil deficit narrowed by 1.1% to 8.94 billion euros.

Geographically, April saw an 8.2% drop in exports to European Union countries and a sharper 22.6% decline to non-EU countries.

However, when oil products are excluded, exports to EU countries were up slightly by 0.6%, while non-EU exports still fell by 8.8%.

In specific product categories, food exports — now Greece’s top export sector — rose 3.6% in April year-on-year.

Machinery exports surged 11.7%, and vegetable oils climbed 5.3%. Chemical exports remained relatively flat with a 0.7% change.

The steepest decline was observed in petroleum products, down 44.6%. Other categories such as raw materials and beverages and tobacco also saw declines of 10.3% and 2.9%, respectively.

ΤΟ ΑΡΘΡΟ ΣΥΝΕΧΙΖΕΙ ΜΕΤΑ ΤΗΝ ΔΙΑΦΗΜΙΣΗ

The data suggest that Greece’s export resilience in 2025 is increasingly driven by its diversified sectors, moving away from a traditional reliance on oil-related products.

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