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Greece

Greece ranked No. 76 in total trade value through October with a total of $2.15 billion. Exports totaled $830.04 million and Imports totaled $1.32 billion, a deficit of $493.51 million.

January – October 2018

Top Trading Ports

Total Trade: $2.15 billion

RankPortTotal YTD
1Port of Newark $468,372,945
2Port of Corpus Christi, Texas $145,843,584
3Port of Savannah, Ga. $133,953,421
4Port of Houston $95,686,776
5John F. Kennedy International Airport $86,409,322
6Port of New Orleans $85,951,599
7Port of New York $83,610,107
8Port of Virginia $77,833,151
9Port of Philadelphia $69,735,138
10Port Laredo $66,554,431

U.S. trade with Greece rose to $2.15 billion through October

Greece’s trade with the United States rose to $2.15 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.52 percent above its total trade during the same time period last year. Greece’s exports increased 4.6 percent while imports rose 25.49 percent. The U.S. deficit with Greece was $493.51 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Corpus Christi, Texas; No. 3 Port of Savannah, Ga.; No. 4 Port of Houston; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Baltimore, Md. No. 3 Port of Charleston No. 4 Port of Houston and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 43.2 percent of Greece’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 17.7 percent to $468.37 million.
    Exports rose 33.15 percent to $113.12 million. Imports rose 13.5 percent to $355.25 million.
  • Trade with No. 2 Port of Corpus Christi, Texas rose 811.32 percent to $145.84 million.
    There were no exports. Imports rose 811.32 percent to $145.84 million.
  • Trade with No. 3 Port of Savannah, Ga. rose 52.66 percent to $133.95 million.
    Exports rose 18.87 percent to $44.63 million. Imports rose 77.94 percent to $89.33 million.
  • Trade with No. 4 Port of Houston rose 1.31 percent to $95.69 million.
    Exports rose 81.03 percent to $31.36 million. Imports fell 16.59 percent to $64.32 million.
  • Trade with No. 5 John F. Kennedy International Airport rose 12.88 percent to $86.41 million.
    Exports rose 16.51 percent to $42.26 million. Imports rose 9.6 percent to $44.14 million.

Greece ranked No. 76 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 79.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Greece by value through October were the categories of Medical instrument parts; Petroleum products; Oil; Scrap iron, steel; and Copper waste and scrap, respectively. They accounted for 38.11 percent of total exports to Greece.

The value of the top five categories of U.S. imports from Greece –– Misc. iron, steel tubes, pipes; Misc. vegetables, not frozen; Razors, razor blades; Aluminum plates, sheets, strip more than 0.2mm thi; and Portland, aluminous and slag cement –– accounted for 43.67 percent of all inbound shipments.

Looking more closely at U.S. exports to Greece:

  • Medical instrument parts rose 68.84 percent compared to last year to $110.4 million.
  • Petroleum products rose 29.58 percent compared to last year to $73.98 million.
  • Oil totaled $72.83 million. The previous year, there were no exports in this category.
  • Scrap iron, steel fell 31.51 percent compared to last year to $29.9 million.
  • Copper waste and scrap rose 5150.89 percent compared to last year to $29.24 million.

Looking more closely at U.S. imports from Greece:

  • Misc. iron, steel tubes, pipes rose 10670 percent compared to last year to $188 million.
  • Misc. vegetables, not frozen rose 10.75 percent compared to last year to $139.95 million.
  • Razors, razor blades fell 6.03 percent compared to last year to $93.9 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi rose 52.01 percent compared to last year to $79.87 million.
  • Portland, aluminous and slag cement fell 13.33 percent compared to last year to $76.29 million.

In the latest annual figures available, Greece recorded $2.22 billion in trade with the United States. At year’s end, its were New York City; Atlanta/Savannah; Baltimore; Charleston; and Los Angeles. Total U.S. exports to Greece were $ 961.97 million and imports from Greece were $1.26 billion. The U.S. deficit with Greece was $295.71 million.