More specifically, in regard to agricultural prod-
ucts, the 3.8% decrease, to €4,590 million from
€4,769.7 million, is due to the steep 45.2%
decrease in the exports of the “animal and veg-
etable oils and fats” sub-category (to €316.5 mil-
lion from €577.6 million), which more than offset
the 2.3% growth in the exports of the most impor-
tant sub-category, that of “food and live animals”,
which account for 76% of agricultural goods
exports and 13.7% of total Greek exports, and
their value rose to €3,689.5 million from €3,607.9
million. Finally, in 2014 there was no year-on-year
change in the exports of the “beverages & tobac-
co” sub-category, which remained unchanged at
€584 million.
There was an increase in the exports of industrial
products (4.1%), whose value rose to €10,342.9
million from €9,932.7 million in 2013. The most
important —in terms of export volume— subcate-
gory is “manufactured goods classified chiefly by
raw material”, whose exports increased by 1.1% (to
€3,721.6 million from €3,679.7 million), while there
were also increases in the exports of the “chemicals
and related products (n.c.e.)” (by 3.1%, to €2,645.3
million from €2,566.7 million), “machinery and
transport equipment” (by 12.4%, to €2,246.1 million
from €1,998.8 million) and “miscellaneous manu-
factured articles” (by 2.5% to €1,729.9 million from
€1,687.5 million) sub-categories.
In regard to imports, their growth by 1.4%, to
€46,764.6 million in 2014 from €46,138.6 million
in 2013, is mainly due to the increase in the
imports of industrial products, which accounted
for 50.8% of total Greek imports in 2014, and
remain the main product category. This increase
stood at 8.3%, to €23,747.4 million from
€21,924.3 million.
The imports of all industrial product sub-categories
show upward trends, the most important being the
growth in the exports of the “machinery and trans-
port equipment” sub-category, which accounts for
Trade with Greece
92
PRODUCT CATEGORIES
VALUE LAST
YEAR (mn €)*
VALUE THIS
YEAR (mn €)*
CHANGE
(%)
FOOD AND LIVE ANIMALS
287.0
273.9
-4.6%
BEVERAGES & TOBACCO
30.1
35.8
18.9%
RAW MATERIALS
100.1
94.2
-5.9%
PETROLEUM PRODUCTS-FUELS 862.8
487.2
-43.5%
OILS
23.2
93.1
301.3%
CHEMICALS
214.9
188.5
-12.3%
MANUFACTURED PRODUCTS
291.1
303.8
4.4%
MACHINERY
144.7
199.8
38.1%
MISCELLANEOUS MANUFACTURED
ARTICLES
136.9
131.5
-3.9%
CONFIDENTIAL ITEMS
38.0
55.8
46.8%
the largest volume of imports (17.6% of the total)
and increased by 18.7% (to €8,248 million from
€6,951.5 million). The imports of “chemicals and
related products (n.c.e.)” increased by a marginal
0.4% (to €6,485.3 million from €6,460.8 million),
those of “manufactured goods classified chiefly by
raw material” rose by 3.2% (to €4,657.3 million from
€4,513.9 million) and the imports of “miscellaneous
manufactured articles” registered a 9% increase (to
€4,356.8 million from €3,998.1 million).
Fuel imports sustained a substantial 6.4% drop in
2014, to €16,080.7 million from €17,188.5 million,
while their share in total exports fell to 34.4% from
37.3% in the previous year.
Agricultural product imports were reduced by
1.3%. This reduction is the result of the drop in
the imports of the most important agricultural
product sub-category, i.e. “food and live animals”,
by 1.3% (to €5,762.8 million from €5,837 million).
The imports of the beverages and tobacco” sub-
category decreased by 2.6% (to €483.2 million
from €496.1 million), while those of the “Animal
and vegetable oils and fats” sub-category
increased by 1.2% (to €269.7 million from €266.5
million).
There has been a reduction (1.6%) in the imports
of “raw materials”, which fell to €1,157.5 million
from €1,176 million, while their share in total
Greek imports remained at 2.5% during 2014.
Finally, the very low-value imports of the “com-
modities and transactions not classified by cate-
gory” category rose by 24.4%, to €16.1 million
from €12.9 million.
