Exports that depend on imports of goods

Exports of goods have shown a steady upward trend in recent years, but at the same time the percentage of imported goods (mainly primary and secondary materials, equipment etc) that are used to produce the exported products is increasing more and more.

Although before the financial crisis the percentage of imported intermediate goods used in the production of exported products was 25.3%, it has now jumped to 36.5%. As a result of the above, the Greek economy and businesses are more vulnerable to international, geopolitical, environmental and economic crises. It is no coincidence that after the pandemic the trade deficit has been widening again, causing in turn a widening of the current account deficit, which is proving to be one of the most persistent problems of the Greek economy. In the two years 2022-23, the trade deficit, excluding fuel and ships, approached the...