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Greek Exports lead the way

Greek exports continue to support the countrys economy with total exports in the first half of 2017 almost a fifth higher than they were a year ago. According to official data, Greek exports rose 18.2% to 14.2 billion euro in the first six months of the year, compared with 12 billion euro last year.

The increase has been broad based, with Greek exports for food, raw materials, minerals and refined petroleum products, chemicals and other industrial goods all rising.

Fellow European Union members remain Greece biggest export market, accounting for just over half of the countrys exports.

But neighboring countries in the Middle East and North Africa are among the fastest growing, and combined accounting for roughly a sixth of Greek exports.

Greek - Wine exports to Japan are up 66% in 2017, from 482,000 euro in 2016, slated to pass 1,000,000 euro in 2018.

Greek - Food and Beverage exports growing

Greek food and beverage producers continue to lead the countrys export boom, reflecting the growing export orientation of a sector long viewed as one of the countrys most competitive industries.

With its quality Mediterranean produce, Greeces 750 food and beverage companies account for more than one-third of the countrys total manufacturing output, while F&B exports have grown by almost 50% since the start of the crisis. Overall, Greek exports are up 15% so far this year, compared with last year.

The industry has been undergoing a transformation-refocussing its efforts on markets abroad, as it goes through a restructuring at home. 

At this years Anuga 2017 fair in Germany, the worlds leading F&B trade exhibition, the number of Greek companies taking part jumped sharply, with 160 Greek companies exhibiting at the Greek national pavilion.

Next year, Greece will be the honoured country at the Summer Fancy Food Show, one of the largest F&B exhibitions in North America, taking place in New York in June 2018. 

Two years ago, Greece was the honored country at the 2015 Anuga fair.
Meanwhile in Greece, the sector is restructuring with leading businesses consolidating and new investors entering the industry.

Currently, the French bank Lazard is in the process of selling a 75% stake in Greeces two biggest aquaculture companies, while foreign investors have shown significant interest in investing in the countrys baked goods sector.

Greeces food and beverage industry represents a dynamic, competitive and export oriented sector with significant investments and business activities in Greece, the Balkans and all of Europe, according to a recent report by the Foundation for Economic & Industrial Research. Despite the years of crisis, the sector has shown it remains a basic lever of economic growth.