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Greece

Greece ranked No. 73 in total trade value through August with a total of $1.95 billion. Exports totaled $896.75 million and Imports totaled $1.05 billion, a deficit of $157.42 million.

January – August 2019

Top Trading Ports

Total Trade: $1.95 billion

RankPortTotal YTD
1Port of Newark $382,999,282
2Port of Houston $187,665,955
3Port of Baltimore, Md. $120,905,029
4Port of Savannah, Ga. $116,011,688
5Port of New York $70,788,889
6Port of Virginia $69,341,563
7Port of Morgan City, La. $66,104,795
8John F. Kennedy International Airport $63,281,326
9Port of Corpus Christi, Texas $49,642,670
10Chicago O’Hare International Airport $49,055,490

U.S. trade with Greece rose to $1.95 billion through August

Greece’s trade with the United States rose to $1.95 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 17.59 percent above its total trade during the same time period last year. U.S. exports to Greece increased 44.24 percent while U.S. imports from Greece rose 1.62 percent. The U.S. deficit with Greece was $157.42 million.

Through August, 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 Port of Baltimore, Md.; No. 4 Port of Savannah, Ga.; and No. 5 Port of New York. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Savannah, Ga. No. 3 Port of Corpus Christi, Texas No. 4 Port of Houston and No. 5 Port of New Orleans. In the current time period, the top five accounted for 45.02 percent of Greece’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 6.2 percent to $383 million.
    Exports rose 78.51 percent to $133.83 million. Imports fell 12.78 percent to $249.16 million.
  • Trade with No. 2 Port of Houston rose 127.64 percent to $187.67 million.
    Exports rose 256.88 percent to $102.45 million. Imports rose 58.6 percent to $85.22 million.
  • Trade with No. 3 Port of Baltimore, Md. rose 178.36 percent to $120.91 million.
    Exports rose 388.03 percent to $54.08 million. Imports rose 106.54 percent to $66.82 million.
  • Trade with No. 4 Port of Savannah, Ga. rose 10.6 percent to $116.01 million.
    Exports fell 2.67 percent to $35.82 million. Imports rose 17.78 percent to $80.19 million.
  • Trade with No. 5 Port of New York rose 4.48 percent to $70.79 million.
    Exports rose 15.19 percent to $48.99 million. Imports fell 13.59 percent to $21.8 million.

Greece ranked No. 73 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 77.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Greece by value through August were the categories of Medical instrument parts; Oil; Petroleum gases, other gaseous hydrocarbons; Defense-related aircraft, parts; and Copper waste and scrap, respectively. They accounted for 45.63 percent of total exports to Greece.

The value of the top five categories of U.S. imports from Greece –– Misc. vegetables, not frozen; Aluminum plates, sheets, strip more than 0.2mm thi; Razors, razor blades; Misc. iron, steel tubes, pipes; and Portland, aluminous and slag cement –– accounted for 41.5 percent of all inbound shipments.

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

  • Medical instrument parts rose 110.62 percent compared to last year to $139.93 million.
  • Oil rose 336.98 percent compared to last year to $128.72 million.
  • Petroleum gases, other gaseous hydrocarbons rose 1898982 percent compared to last year to $60.5 million.
  • Defense-related aircraft, parts rose 151.89 percent compared to last year to $40.43 million.
  • Copper waste and scrap rose 118.37 percent compared to last year to $39.6 million.

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

  • Misc. vegetables, not frozen fell 0.81 percent compared to last year to $113.21 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi rose 72.15 percent compared to last year to $98.58 million.
  • Razors, razor blades rose 10.78 percent compared to last year to $87.01 million.
  • Misc. iron, steel tubes, pipes fell 48.34 percent compared to last year to $73.8 million.
  • Portland, aluminous and slag cement rose 4.86 percent compared to last year to $64.87 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.