Greece

Greece ranked No. 68 in total trade value through May with a total of $1.24 billion. Exports totaled $693.43 million and Imports totaled $547.23 million, a surplus of $146.2 million.

U.S. trade with Greece rose to $1.05 billion through May

Greece’s trade with the United States rose to $1.05 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 18.11 percent above its total trade during the same time period last year. U.S. exports to Greece increased 39.56 percent while U.S. imports from Greece fell 1.13 percent. The U.S. surplus with Greece was $123.13 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Sabine Pass, Texas Port Authority Marina; No. 4 Port of Baltimore, Md.; and No. 5 Port of Texas City, Texas. 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 Houston; No. 4 Port of Savannah, Ga. and No. 5 Port of Corpus Christi, Texas. In the current time period, the top five accounted for 42.32 percent of Greece’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 22.49 percent to $197.2 million.
    Exports fell 78.39 percent to $21.27 million. Imports rose 12.78 percent to $175.93 million.
  • Trade with No. 2 Port of Houston rose 69.93 percent to $121.01 million.
    Exports rose 75.38 percent to $70.66 million. Imports rose 62.83 percent to $50.35 million.
  • Trade with No. 3 Sabine Pass, Texas Port Authority Marina totaled $75.76 million.
    Exports totaled $75.76 million. There were no imports.
  • Trade with No. 4 Port of Baltimore, Md. fell 20.52 percent to $66.41 million.
    Exports fell 21.62 percent to $40.66 million. Imports fell 18.71 percent to $25.76 million.
  • Trade with No. 5 Port of Texas City, Texas totaled $64.62 million.
    Exports totaled $64.62 million. There were no imports.

Greece ranked No. 68 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 73.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Greece by value through May were the categories of Oil; LNG, other petroleum gases; Scrap iron, steel; Medical instrument parts; and Copper waste and scrap, respectively. They accounted for 53.25 percent of total exports to Greece.

The value of the top five categories of U.S. imports from Greece –– Misc. vegetables, not frozen; Razors, razor blades; Portland, aluminous and slag cement; Aluminum plates, sheets, strip more than 0.2mm thi; and Bitumen and asphalt, shale and tar sands –– accounted for 33.25 percent of all inbound shipments.

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

  • Oil rose 544.89 percent compared to last year to $173.35 million.
  • LNG, other petroleum gases rose 106.77 percent compared to last year to $125.1 million.
  • Scrap iron, steel fell 5.82 percent compared to last year to $25.27 million.
  • Medical instrument parts fell 78.36 percent compared to last year to $23.01 million.
  • Copper waste and scrap fell 17.5 percent compared to last year to $22.54 million.

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

  • Misc. vegetables, not frozen fell 8.35 percent compared to last year to $63.14 million.
  • Razors, razor blades fell 9.29 percent compared to last year to $40.55 million.
  • Portland, aluminous and slag cement fell 30.1 percent compared to last year to $31.03 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi fell 59.3 percent compared to last year to $25.65 million.
  • Bitumen and asphalt, shale and tar sands rose 414.28 percent compared to last year to $21.57 million.

In the latest annual figures available, Greece recorded $2.95 billion in trade with the United States. Total U.S. exports to Greece were $ 1.44 billion and imports from Greece were $1.51 billion. The U.S. deficit with Greece was $65.76 million.