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Greek products export up 37 pct

Italy became the largest importer of Greek products in 2011, surpassing Germany for the second time in post-war history and the first time after 2008, while Turkey jumped to third place from sixth in 2010, overtaking Cyprus (fourth from third in 2010) and Bulgaria (sixth from fourth in 2010).

The US remained at the seventh place, followed by the UK (eighth from fifth in 2010), France (ninth from eighth in 2010) and Romania (10th from ninth in 2010).

An analysis of Greek export figures for 2011 also showed that 15 new products, mainly from building materials, machinery-packaging, fertilizers, food and beverage were included in the top 100 most exporting Greek products in 2011. Also seven new markets were included in the list of Greek export destinations (Tongo, Argentina, Falkland Islands, Benin, Bangladesh, Peru and Santa Helena), while Bahrain, Bahamas, Cameroon, Uruguay, Vietnam, Philippines and Surinam were excluded from the top 100 markets.

Uzbekistan (1,044 pct), Argentina (645 pct), Singapore (470 pct), Georgia (434 pct), Saudi Arabia (145 pct), South Korea (143 pct), UAE (123 pct), Syria (110 pct), Turkey (104 pct), China (82 pct) and the US (81 pct) recorded the biggest percentage growth rates in 2010, while Jordan, Niger, Bahrain, Philippines, Iceland, Mexico, Bahamas and Kazakhstan recorded the biggest percentage declines of the year.

Greek exports grew by 37 pct in 2011 to 22.451 billion euros, from 16.392 billion euros in 2010, reflecting a widening export activity throughout developed markets. Imports fell 10 pct in 2011, and as a result the country's trade deficit fell by 10.9 billion euros to 20.8 billion euros in 2011.

The list with the country's top export product includes:

  • 2011  2010   Product description value2011 (mln euros)
  • 1        1        Oil products 6,366.2
  • 2        6        Aluminium plates, films and leaves 562.5
  • 3        4        Confidentiality products 530.1
  • 4        2        Pharmaceuticals 475.6
  • 5        3        Fresh fish 451.6
  • 6       14       Iron or steel rods 356.8
  • 7       7         Pipes 340.8
  • 8       8         Processed vegetables 264.4
  • 9       9         Apricots, cherries, peaches 251.2
  • 10     5         Cotton 234.8
  • 11     10       Feta cheese/cephalotiri 234.2
  • 12     12       Fur/leather products 215.9
  • 13     11       Extra virgin olive oil 211.1
  • 14     23       Aluminium products 204.4