
Greek exports of goods, from food to industrial products, are winning over more and more consumers in an ever widening range of countries. New data compiled by Enterprise Greece show how in 25 export destinations – representing some of the world’s most populous and wealthiest countries − Greek products have seen uninterrupted export growth for four straight years.
This includes some of the world’s largest consumer markets, like Indonesia and Nigeria, but also some of the most developed, such as Canada and The Netherlands. At the same time, in almost half of those countries, Greek exports have more than doubled in the last three years, with the increases ranging from 122.5% in Norway to 1,277.5% in Bermuda..
For more than a decade, Greece has witnessed an export boom – a manifest example of the country’s reorientation towards international markets. Exports of goods last year were equal to about 20% of the GDP, double the level of 15 years earlier. Under Greece’s National Extroversion Strategy, the government wants to grow that share to around 50%.
In remarks, earlier this month, Finance Minister Kostis Hatzidakis outlined a number of steps the government is taking to expand exports. These include supporting export-oriented sectors – like agro-food, pharmaceuticals and energy – where Greece has a competitive advantage.
Other steps include incentives for companies to scale up in size to make them more competitive on world markets, promote their digital transformation, and employ European Union funds to promote export activities.