The value of Greece’s imports from Russia has jumped amid an unprecedented rally in energy products in recent months, while the value of imports from Ukraine has fallen sharply, according to bilateral trade between Greece and Russia. between Greece and Ukraine published today by the Hellenic Statistical Authority (ELSTAT).
In particular, in April 2022 value of Greek imports from Russia amounted to 491.8 million euros, recording an increase of 103.9% compared to April 2021 which was 241.1 million euros. THE value of Greece’s exports to Russia in April 2022 amounted to 7.7 million euros, recording a decrease of 49.9% compared to April 2021 which was 15.5 million euros. The Greece-Russia trade balance in April 2022 was negative and amounted to 484.0 million euros (deficit).
The period January-April 2022 The value of Greece’s imports from Russia amounted to 2,189.5 million euros, recording an increase of 125.0% compared to the period January-April 2021 which was 973.2 million euros. The value of Greece’s exports to Russia in the period January-April 2022 amounted to 42.0 million euros, recording a decrease of 25.2% compared to the period January-April 2021 which was 56.1 million euros. The trade balance between Greece and Russia in the period January-April 2022 was negative and amounted to 2,147.6 million euros (deficit).
In the year 2021, 656 Greek companies made imports from Russia and 639 Greek companies made exports to Russia.
The total value of Greek imports from Russia in 2021 amounted to 4,302.4 million euros, recording an increase of 46.7% compared to the corresponding total value for 2020 which was 2,933.4 million euros.
The total value of Greece’s exports to Russia in 2021 amounted to 206.6 million euros, recording an increase of 28.0% compared to the corresponding total value for 2020 which was 161.4 million euros.
Greece’s trade balance with Russia in 2021 was negative and amounted to 4,095.8 million euros (deficit).
According to ELSTAT data, the main products imported from Russia are petroleum or bituminous mineral oils, petroleum gases and other hydrocarbon gases:
Elements of Greek-Ukrainian bilateral trade
In April 2022 the value of Greek imports from Ukraine amounted to 3.2 million euros, a decrease of 85.2% compared to April 2021 which was 21.3 million euros. The value of Greece’s exports to Ukraine in April 2022 amounted to 5.6 million euros, down 83.5% compared to April 2021 which was 34.0 million euros. The Greece-Ukraine trade balance in April 2022 was positive and amounted to 2.4 million euros (surplus).
In the period January-April 2022 the value of Greek imports from Ukraine amounted to 57.4 million euros, recording a decrease of 7.3% compared to the period January-April 2021 which was 61.9 million euros. The value of Greece’s exports to Ukraine in the period January-April 2022 amounted to 29.8 million euros, recording a decrease of 47.7% compared to the period January-April 2021 which was 57.0 million euros. The trade balance of Greece-Ukraine in the period January-April 2022 was negative and amounted to 27.6 million euros (deficit).
In the year 2021, 494 Greek companies made imports from Ukraine and 581 Greek companies made exports to Ukraine.
The total value of Greek imports from Ukraine in 2021 amounted to 198.4 million euros, recording an increase of 10.8% compared to the corresponding total value for 2020 which was 179.0 million euros.
The total value of Greece’s exports to Ukraine in 2021 amounted to 338.8 million euros, recording an increase of 74.9% compared to the corresponding total value for the year 2020 which was 193.7 million euros.
Greece’s trade balance with Ukraine in 2021 was positive and amounted to 140.4 million euros (surplus).
The main products of imports from Ukraine are:
Source: Capital
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