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

08:21 7/6/2025 - Πηγή: iEfimerida

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 datareleased by the Hellenic Statistical Authority, analyzed by thePanhellenic Exporters Association, highlights this shift.

Overall

exports inApril fell by 14.5% year-on-year, dropping to 3.83 billion euros from4.48 billion euros in the same month last year, representing a 648.3million euro decline.

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

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

This led to anarrowing 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 broaderJanuary to April 2025 period, total exports reached 15.98 billioneuros, a 5.1% decrease from 16.83 billion euros in the previous year.Crucially, non-oil exports showed positive growth, rising to 12.43billion euros from 11.85 billion euros, a gain of 583.9 millioneuros.

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

When oil isexcluded, imports increased 2.3% to 21.37 billion euros. The overalltrade deficit remained stable at 11.08 billion euros, while thenon-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 asharper 22.6% decline to non-EU countries.

However, when oilproducts are excluded, exports to EU countries were up slightly by0.6%, while non-EU exports still fell by 8.8%.

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

Machinery exportssurged 11.7%, and vegetable oils climbed 5.3%. Chemical exportsremained relatively flat with a 0.7% change.

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

The data suggestthat Greece’s export resilience in 2025 is increasingly driven byits diversified sectors, moving away from a traditional reliance onoil-related products.

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