Greek Exports Rise by 7.8% in December 2024, Reaching €4.03 Billion

Greek exports increased 7.8% in December 2024 compared to the same month in 2023, reaching a total of €4.03 billion, up from €3.74 billion in December 2023, according to data released by the Panhellenic Exporters’ Association and its Center for Export Research and Studies on Friday.

In 2024, Greek exports reached a total of €49.90 billion. When excluding petroleum products, exports grew by 16.2% in December, continuing a six-month streak of growth. They rose from €2.59 billion to €3.01 billion, an increase of €418.4 million.

Looking at the full year (Jan.-Dec. 2024), exports saw a slight decline of 2.2%, totalling €49.90 billion, compared to €51.02 billion in the previous year, a decrease of €1.12 billion. However, excluding petroleum products, exports for the year rose by 2.3%, reaching €36.09 billion, compared to €35.27 billion in 2023.

Exports to EU countries dropped by 5.9%, while exports to third countries, including petroleum products, increased by 2.7% during the same period. Excluding petroleum, exports to the EU were stable (-0.1%), but exports to third countries grew by 7.1%.

In December 2024, eight of the ten main export categories showed an upward trend compared to December 2023. These included food (11.1%), industrial products (10.4%), chemicals (14.8%), machinery (4.7%), various industrials (29.9%), raw materials (30.6%), oils (70.5%), and low-value exports in confidential products (59.2%).

For the full year (Jan.-Dec. 2024), five categories saw a decline in exports: petroleum products (-9.5%), industrial products (-0.6%), machinery (-2.6%), oils (-23.9%), and low-value confidential products (-2.0%). However, there were increases in food (8.9%), chemicals (2.6%), various industries (0.5%), raw materials (7.7%), and beverages & tobacco (8.6%) compared to the previous year.

Source: pagenews.gr