FX.co ★ Greek Trade Deficit Shrinks in May

Greece’s trade deficit narrowed to EUR 2.0 billion in May 2026 from EUR 2.3 billion a year earlier, reaching its lowest level since May 2021. Exports surged 20.9% year-on-year to EUR 5.1 billion, supported by stronger sales both to the EU (+14.4%) and to non-EU countries (+29.8%). Imports also increased, but at a more moderate pace of 9.6%, rising to EUR 7.0 billion. This was driven by a 19.5% jump in purchases from non-EU countries, which more than offset a 0.4% decline in imports from the EU. Over the first five months of 2026, the trade deficit narrowed to EUR 12.5 billion from EUR 13.7 billion in the same period a year earlier.