As a Mediterranean country, Greece heavily relies on imports to meet its domestic needs and support its key industries. The major imports of Greece include mineral fuels and oils, machinery and mechanical appliances, vehicles and automotive parts, pharmaceuticals, electrical machinery and equipment, plastics and plastic articles, iron and steel, organic chemicals, articles of clothing and accessories, and optical, photographic, and medical instruments. The closest trading partners for each category vary, with Germany, Italy, and China emerging as prominent suppliers across multiple sectors. Understanding these import trends and partnerships is crucial for analyzing Greece's economic landscape, identifying areas of collaboration, and formulating effective trade policies.
Mineral Fuels and Oils:
Mineral fuels and oils hold the top position in Greece's imports by volume. With a total import value of approximately $6 billion, Greece heavily relies on these imports to meet its energy needs. The primary trading partners for mineral fuels and oils are Russia, Iraq, and Saudi Arabia.
Machinery and Mechanical Appliances:
Imported machinery and mechanical appliances are crucial for supporting Greece's industrial and manufacturing sectors. The import volume for this category stands at $4.5 billion. The primary trading partners for machinery and mechanical appliances are Germany, Italy, and China.
Vehicles and Automotive Parts:
Imported vehicles and automotive parts play a significant role in Greece's transportation industry. The import volume for this category is valued at $3 billion. The primary trading partners for vehicle and automotive parts imports are Germany, Italy, and Turkey.
Pharmaceuticals:
Pharmaceutical products are essential for Greece's healthcare sector. The import volume for this category stands at $2.5 billion. The primary trading partners for pharmaceutical imports are Germany, Switzerland, and France.
Electrical Machinery and Equipment:
Imported electrical machinery and equipment are essential for meeting Greece's technological needs. The import volume for this category is valued at $2 billion. The primary trading partners in this sector are Germany, Italy, and China.
Plastics and Plastic Articles:
Greece imports a significant amount of plastics and plastic articles for various sectors, including packaging and manufacturing. This category accounts for an import volume of $1.5 billion. The primary trading partners for plastics and plastic articles are Germany, Italy, and the Netherlands.
Iron and Steel:
Imported iron and steel are vital for Greece's construction and manufacturing industries. This category's import volume is valued at $1.2 billion. The primary trading partners for iron and steel imports are Italy, Turkey, and China.
Organic Chemicals:
Greece imports a considerable volume of organic chemicals for various applications. The import value for this category is approximately $1 billion. The primary trading partners for organic chemicals are Germany, Italy, and the Netherlands.
Articles of Clothing and Accessories:
Greece imports a significant volume of clothing and accessories to meet its domestic market demands. The import value for this category is approximately $800 million. The primary trading partners for clothing and apparel imports are Italy, Turkey, and Germany.
Optical, Photographic, and Medical Instruments:
Greece relies on imports of optical, photographic, and medical instruments to support its healthcare and research sectors. The import volume for this category stands at $700 million. The primary trading partners for optical, photographic, and medical instruments are Germany, Italy, and the United States.
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