The bilateral trade between Greece and France increased by 22.6% during the nine months of January-September 2021 compared to the corresponding period of last year. According to provisional data from the Greek Statistical Authority, compiled by the Office of Economic and Commercial Affairs of the Greek Embassy in Paris, the trade volume of the two countries amounted to 3.4 billion euros.
Greek exports continued their upward trend, recording an impressive increase of 16.49% compared to the first nine months of 2020 and amounted to 1.466 billion euros. Greece’s imports from France increased by 22.6% and amounted to 1.855 billion euros. As a result, the trade balance, which remains in deficit for our country reached 389 million euros.
Exports to France
The increase in Greek exports to France in the first nine months of 2021 is mainly due to the increase in the value of exports of packaged drugs, which reached 721 million euros, continuing its upward trend with an increase of 21.68% compared to in the first nine months of 2020, occupying a share of about half of our country’s total exports to France (49%).
Copper pipes follow with an export value of 65.7 million euros, dramatically increased by 54.4% and a share of 4.5%, the metal plates and strips, made of aluminum alloys, etc., with an export value of 42 million euros, an increase of 5.83% and a share of 2.9%, cheeses (excluding fresh cheeses, including whey cheese) with an export value of EUR 37 million, an increase of 52.29% and a share of 2.54% and sea bream, with an export value of 28 million euros, an increase of 10.9% and a market share of 1.9%.
As concerns agricultural food products, a significant increase was recorded in cheese exports, by 52.29% and a value of 32.2 million euros, of olives prepared or preserved without vinegar or acetic acid, with an increase of 14.91% and an export value of 12.1 million as well as yogurt by 18.40% and export value of 11.2 million euros.
In addition, the category “Olive oil and derivatives”, there is a significant increase with percentage change of 184% and 26.11% and export value of 8.9 million euros and 1.09 million euros respectively.
Imports from France
In terms of products imported from France, the 1st place is occupied by pharmaceuticals with a share of 7.1%, an increase of 1.51% and a value of imports of 133 million euros. It is followed by beef, with a share of 3.3%, a decrease of 7.48% and a value of imports of 62.2 million euros, and liquefied natural gas with a share of 2.4% and a value of imports of 45 million euros, which enters for first time as a category.
The top five are rounded out by mineral oils with a share of 2%, an increase of 256% and an import value of 36.3 million euros, as well as beauty products, with an increase of 15.71%, an import value of 35 million euros and a share of 1.9%.
It is worth noting that French exports to Greece show a significantly higher degree of differentiation than Greek exports to France, as the first 20 French products imported by our country in the first nine months of 2021 correspond to 34.5% of total Greek imports from France.
Latest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.