
Τhe value of Greece’s imports from Russia registered a significant increase of 178.3% in August 2022 compared to August 2021, according to the data release by the Hellenic Statistical Authority- ELSTAT concerning the bilateral trade between Greece and Russia and between Greece and Ukraine .
I. BILATERAL TRADE GREECE-RUSSIA
In August 2022 the value of imports of Greece from Russia was 1,207.0 million euros, recording an increase of 178.3% in comparison with August 2021 when it was 433.7 million euros. The value of exports of Greece to Russia in August 2022 was 8.1 million euros, recording a decrease of 44.2% in comparison with August 2021 when it was 14.6 million euros. The trade balance between Greece-Russia in August 2022 was negative and amounted to 1,198.8 million euros (deficit).
During the period January-August 2022 the value of imports of Greece from Russia was 5,727.4 million euros, recording an increase of 137.3% in comparison with the period January-August 2021 when it was 2,413.2 million euros.
The value of exports of Greece to Russia during the period January-August 2022 was 78.0 million euros, recording a decrease of 33.8% in comparison with the period January-August 2021 when it was 117.8 million euros. The trade balance between Greece-Russia during the period January-August 2022 was negative and amounted to 5,649.4 million euros (deficit).
II. BILATERAL TRADE GREECE-UKRAINE
In August 2022 the value of imports of Greece from Ukraine was 18.4 million euros, recording an increase of 5.6% in comparison with August 2021 when it was 17.4 million euros. The value of exports of Greece to Ukraine in August 2022 was 19.4 million euros, recording an decrease of 62.3% in comparison with August 2021 when it was 51.5 million euros. The trade balance between Greece-Ukraine in August 2022 was positive and amounted to 1.0 million euros (surplus).
During the period January-August 2022 the value of imports of Greece from Ukraine was 101.0 million euros, recording a decrease of 16.2% in comparison with the period January-August 2021 when it was 120.5 million euros. The value of exports of Greece to Ukraine during the period January-August 2022 was 204.1 million euros, recording an increase of 7.8% in comparison with the period January-August 2021 when it was 189.3 million euros. The trade balance between Greece-Ukraine during the period January-August 2022 was positive and amounted to 103.1 million euros
(surplus).


Latest News

Metropolitan Ioannis of Korce New Archbishop of Albania
Following the announcement of the election, church bells rang joyfully in Orthodox churches across Albania

Greece Faces Renewed Fears of Water Crisis Ahead of Summer 2025
Following a prolonged drought that began in 2024, fears of a water crisis highlight the urgent need for infrastructure improvements

Harvard, Yale, Columbia, and More Seek Collaboration with Greek Unis
Greece's former Minister of Education Kyriakos Pierrakakis announces an €82 million funding boost to support the partnerships

Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders

Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.

Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.

EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.

Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.

Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.

Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion