According to allcitypopulation, Greece is located in southeastern Europe, bordering the Mediterranean Sea and Ionian Sea. It has a total land area of 131,957 square kilometers and a population of approximately 10.7 million people. The country is divided into 13 administrative regions and is home to both a mountainous mainland and thousands of islands scattered throughout the Aegean, Ionian, and Mediterranean seas. According to Petwithsupplies, the capital city of Greece is Athens with a population of 3,100,000, including the port city of Piraeus (2011 census). Other major cities include Thessaloniki with a population of 790,000, Patras with a population of 215,000, Heraklion with a population of 173,000, Larisa with a population of 163,000 (2011 Census).
The economy of Greece is based on services, industry, tourism and agriculture. Services account for around 75% of Greece’s GDP, with industry accounting for around 20%. Agriculture accounts for around 5%, with most farmers growing olives, wheat and citrus fruits. Tourism also plays an important role in the economy; it accounted for about 17% of Greece’s GDP in 2018.
Greece has a highly developed infrastructure with good road networks connecting all major cities and towns as well as ferry connections between mainland Greece and its many islands. It also has an extensive rail network which links Athens to other major cities such as Thessaloniki, Patras and Larissa. Additionally, there are two international airports located in Athens (Athens International Airport) and Thessaloniki (Macedonia International Airport).
Greece’s main trading partners are Germany, Italy, France, United Kingdom and Cyprus. Major exports include foodstuffs such as olive oil and olives; pharmaceutical products; textiles; electrical machinery; chemicals; fuels; tobacco products; leather goods; rubber products; aluminum products; iron & steel products; ships & boats; furniture & furnishings among others. Major imports include machinery & transport equipment (accounting for over 50% of total imports); fuels & lubricants (accounting for around 15%); consumer goods (accounting for around 10%); foodstuffs (accounting for around 8%) among others.
Foreign Trade of Greece
Greece is a major exporter in the European Union, with a wide variety of goods and services exported to its many trading partners. Greece’s main export markets are Germany, Italy, France, United Kingdom and Cyprus. The country’s exports include foodstuffs such as olive oil and olives; pharmaceutical products; textiles; electrical machinery; chemicals; fuels; tobacco products; leather goods; rubber products; aluminum products; iron & steel products; ships & boats; furniture & furnishings among others.
Greece is also an important importer of goods and services from its trading partners. Its main imports include machinery & transport equipment (accounting for over 50% of total imports); fuels & lubricants (accounting for around 15%); consumer goods (accounting for around 10%); foodstuffs (accounting for around 8%); raw materials such as crude oil, natural gas and coal among others.
Greece is a member of the European Union and the Eurozone which has allowed it to benefit from free trade within the EU. This has enabled it to export more freely to other EU countries as well as import more competitively priced goods from them. Furthermore, Greece enjoys free trade agreements with several countries including Turkey, Russia, Belarus and Ukraine which has further increased its foreign trade opportunities.
In terms of foreign direct investment (FDI), Greece has attractive incentives in place to attract foreign investors including tax credits on investments in certain sectors such as renewable energy or research & development activities. Additionally, there are various government grants available to assist businesses in setting up operations in Greece or expanding existing operations into new markets.
Overall, Greece’s foreign trade plays an important role in the country’s economy with exports contributing significantly towards GDP growth while imports help keep prices low for consumers by making goods more affordable. The Greek government continues to develop policies that promote foreign trade which can only benefit the Greek economy in the long run.
Major Trading Partners of Greece
Greece’s major trading partners are largely in the European Union, with some of its most significant relationships being with Germany, Italy, France, and the United Kingdom. These countries account for over 60% of Greece’s total exports and imports. Other major trading partners include Turkey, Russia, Belarus, Ukraine and Cyprus.
Germany is one of Greece’s most important trading partners. In 2019, Germany was the largest destination for Greek exports (17.9%), followed by Italy (13.3%) and France (11.2%). The main products exported to Germany include pharmaceuticals (19%), foodstuffs such as olive oil and olives (19%), electrical machinery (10%) and chemicals (8%). Imports from Germany in 2019 included machinery & transport equipment (31%), fuels & lubricants (15%) and consumer goods such as vehicles and computers (11%).
Italy is another important trading partner for Greece. Exports to Italy include foodstuffs such as olive oil and olives (21%), pharmaceutical products (16%), textiles (13%) and electrical machinery (9%). Imports from Italy include machinery & transport equipment such as vehicles or computers accounting for around 28%, fuels & lubricants accounting for around 15% and consumer goods such as clothing or furniture accounting for around 10%.
France is another key trading partner of Greece with exports including foodstuffs such as olive oil and olives accounting for 17%, pharmaceutical products accounting for 13%, textiles accounting for 11% and electrical machinery making up 8%. Imports from France in 2019 included machinery & transport equipment making up 33%, fuels & lubricants making up 12% and consumer goods making up 9%.
The United Kingdom is also an important trading partner of Greece with exports including foodstuffs such as olive oil or olives making up 16%, pharmaceutical products making up 14%, textiles making up 10% and electrical machinery making up 8%. Imports from the UK in 2019 included machinery & transport equipment which accounted for 34%, fuels & lubricants which accounted for 12% and consumer goods which accounted for 9%.
Finally, Turkey is a significant trading partner of Greece with exports including foodstuffs such as olive oil or olives accounting for 19%, pharmaceutical products accounting for 16%,textiles accounting for 11%and electrical machinery making up 8%. Imports from Turkey in 2019 included machinery & transport equipment which accounted for 32%, fuels & lubricants which accounted for 14%and consumer goods which accounted for 11%.
Major Imports and Exports of Greece
Greece is a major trading partner with other countries in Europe, Asia and North America. Its main exports include foodstuffs such as olive oil and olives, pharmaceutical products, textiles and electrical machinery. Its imports consist of machinery & transport equipment, fuels & lubricants and consumer goods.
Germany is an important trading partner for Greece with exports including foodstuffs such as olive oil and olives accounting for 19%, electrical machinery accounting for 10% and chemicals making up 8%. Imports from Germany in 2019 included machinery & transport equipment making up 31%, fuels & lubricants making up 15% and consumer goods such as vehicles or computers making up 11%.
Italy is another major trading partner for Greece with exports including foodstuffs such as olive oil or olives accounting for 21%, pharmaceutical products accounting for 16%, textiles accounting for 13% and electrical machinery making up 9%. Imports from Italy include machinery & transport equipment like vehicles or computers which account for around 28%, fuels & lubricants which account for around 15% and consumer goods such as clothing or furniture which account for around 10%.
France is also an important trading partner of Greece with exports including foodstuffs such as olive oil or olives accounting for 17%, pharmaceutical products accounting for 13%, textiles accounting for 11% and electrical machinery making up 8%. Imports from France in 2019 included machinery & transport equipment which accounted for 33%, fuels & lubricants which accounted 12% and consumer goods which accounted 9%.
The United Kingdom is another key trading partner of Greece with exports including foodstuffs such as olive oil or olives making up 16%, pharmaceutical products making 14%, textiles making 10% and electrical machinery making 8%. Imports from the UK in 2019 included machinery & transport equipment which accounted 34%, fuels & lubricants which accounted 12% and consumer goods which accounted 9%.
Finally, Turkey is a significant trading partner of Greece with exports including foodstuffs such as olive oil or olives accounting 19%, pharmaceutical products accounting 16%,textiles accounting 11%and electrical machinery making 8%. Imports from Turkey in 2019 included machinery & transport equipment which accounted 32%, fuels & lubricants which accounted 14%and consumer goods which accounted 11%.