Greece

Greece ranked No. 67 in total trade value through April with a total of $1.05 billion. Exports totaled $585.01 million and Imports totaled $461.88 million, a surplus of $123.13 million.

U.S. trade with Greece rose to $870.15 million through March

Greece’s trade with the United States rose to $870.15 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 34.67 percent above its total trade during the same time period last year. U.S. exports to Greece increased 74.04 percent while U.S. imports from Greece rose 0.91 percent. The U.S. surplus with Greece was $168.07 million.

Through March, 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 Texas City, Texas; No. 4 Port of Baltimore, Md.; and No. 5 Chicago O’Hare 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 Savannah, Ga. No. 4 Port of Corpus Christi, Texas and No. 5 Port of Houston. In the current time period, the top five accounted for 43.31 percent of Greece’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 24.2 percent to $121.61 million.
    Exports fell 84.72 percent to $10.36 million. Imports rose 20.09 percent to $111.25 million.
  • Trade with No. 2 Port of Houston rose 258.47 percent to $98.49 million.
    Exports rose 708.65 percent to $62.81 million. Imports rose 81.03 percent to $35.67 million.
  • Trade with No. 3 Port of Texas City, Texas totaled $64.62 million.
    Exports totaled $64.62 million. There were no imports.
  • Trade with No. 4 Port of Baltimore, Md. rose 8.48 percent to $49.89 million.
    Exports rose 59.37 percent to $40.02 million. Imports fell 52.74 percent to $9.87 million.
  • Trade with No. 5 Chicago O’Hare International Airport rose 169.94 percent to $42.28 million.
    Exports rose 202.49 percent to $38.23 million. Imports rose 33.92 percent to $4.05 million.

Greece ranked No. 67 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 76.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Greece by value through March were the categories of Oil; Petroleum gases, other gaseous hydrocarbons; Scrap iron, steel; Civilian aircraft, parts; and Nucleic acids and salts, heterocyclic compounds, respectively. They accounted for 58.6 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 Value added to a returned import –– accounted for 34.69 percent of all inbound shipments.

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

  • Oil totaled $150.25 million. The previous year, there were no exports in this category.
  • Petroleum gases, other gaseous hydrocarbons rose 286.81 percent compared to last year to $90.84 million.
  • Scrap iron, steel rose 49.24 percent compared to last year to $25.04 million.
  • Civilian aircraft, parts rose 1270.47 percent compared to last year to $20.3 million.
  • Nucleic acids and salts, heterocyclic compounds rose 325.76 percent compared to last year to $17.77 million.

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

  • Misc. vegetables, not frozen fell 4.36 percent compared to last year to $38.19 million.
  • Razors, razor blades rose 14.13 percent compared to last year to $28.03 million.
  • Portland, aluminous and slag cement fell 5.13 percent compared to last year to $20.8 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi fell 50.96 percent compared to last year to $17.55 million.
  • Value added to a returned import rose 288.2 percent compared to last year to $17.22 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.