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Tuesday, October 26, 2021

France is becoming a key player for Greek exports

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New data are formed on the “map of Greek exports”, with the pandemic playing a catalytic role in developments and creating a new reality in international trade, according to an analysis by the Panhellenic Exporters Association, on the 20 most important export markets of Greece in the first half of 2021.

France is becoming a key player, occupying a higher position in the top five, while new countries that until recently had a relatively small participation, such as South Korea, are entering the forefront.

As noted in a relevant announcement, these are changes, which reflect the effort made by Greek exporters to find the best possible way to channel their products, at a time of intense problems for the global supply chain. It is also estimated that other upheavals may occur in the near future, forming new correlations and balances.

“Greek exporters, despite the adversity created by the coronavirus pandemic in world trade, continue to feed the international market smoothly, strengthening their credibility as a valuable and stable partner for their customers. Clearly, the rise in international prices of raw materials is a source of concern and concern, as well as the arrhythmias in the supply chain with the significant delays observed in the transport of goods. However, if there is no serious upheaval that will upset the data, it is possible for Greek exports to increase further by 8% to 10% this year “, notes the president of the Panhellenic Exporters Association, Christina Sakellaridis.

In particular, according to the analysis of the Panhellenic Association of Exporters and the Center for Export Research and Studies (KEEM), France managed to climb to 4th place among the top destinations for Greek products, recording an impressive increase of 29.9% in the first half of 2021. Apart from being a traditional ally, which proves in practice its support in our country, France is gradually gaining a leading role in Greece’s export trade.

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Turkey also climbed higher, which is now in 5th place from 6th place, while Lebanon also entered the top ten, occupying 9th place. The USA also climbed one place, occupying the 7th place in the first half of 2021, as well as Romania (in the 8th from the 9th). Gibraltar finished 15th, improving its ranking by 3 whole places.

At the same time, a sharp increase in Greek exports was recorded to South Korea (climbed to 14th place from 30th), to Tunisia (now in 19th place from 35th) and to Libya (12th out of 20th) compared to corresponding to the first half of 2020. This is an encouraging development as it concerns three extremely dynamic markets with huge prospects and growth potential.

Equally encouraging was the trend of Greek products in Germany, which remains a strong pole of Greek exports, firmly maintaining second place behind Italy, which held the lead.

Cyprus remained stagnant in the ranking (with a large increase in exports + 24.8%) occupying the 3rd place, as well as the United Kingdom (10th).

On the other hand, there was a big decrease to Bulgaria, which fell to 6th place in the top destinations from the 4th place in the first half of 2020. Spain lost 4 places, which fell to 11th place, while the Netherlands fell to 13th place from the 12th he had until recently.

In addition, a significant decline appears in the rankings for China (16th place from 11th), for Poland (17th place from 14th), for the Republic of Northern Macedonia (18th place from 15th) and for Albania (20th from 17th).

SOURCE: AMNA

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