Exporting to Greece
Desire for UK services
In the year to June 2019, Greece was the UK’s 22nd largest services trading partner, and total UK exports amounted to £2.6 billion (ONS, 2019). Of all UK exports to Greece in the year to June 2019, £1.6bn (60.3%) were services, an increase of 3.9% during the same period in the previous year (ONS, 2019).
There has been consistent growth in Greece’s demand for imports, with an increase of 8.8% in 2018 (IMF, 2019). This postive trend is expected to continue for the next five years at least (IMF, 2019). UK businesses looking to export could benefit from the demand for international goods and services in Greece.
Demand for goods and services
In the year to June 2019, the top goods exported from the UK to Greece were medicinal and pharmaceutical products, clothing, cars, beverages and telecoms and sound equipment (ONS, 2019). In terms of services, the top services imported by Greece from the UK were transportation, financial services, travel, telecommunications, computer and information services and business services (ONS, 2019). If you operate in any of these industries, Greece could be a good market for you.