Significant retreat is recorded export Greek fuelaccording to ELSTAT data for April 2025, continuing a trend that tends to become a problem for Greece.
The total value of exports in April 2025 amounted to € 3.83 billion, down 14.5% compared to the same month in 2024. However, when oil is excluded, the decrease is limited to 2.7%, indicating that the main cause of the fall is the decrease in fuel exports.
Correspondingly, and during the four months of January – April 2025, fuel exports declined 5.1% over the same period last year, while exports without petroleum products increased by 4.9%.
The question is not just that the reduction in fuel exports negatively affects the country’s trade balance, but the fact that the country seems to lose a basic source of revenue, as Greek refining products appear vulnerable to international fluctuations in markets and world economy.
World trends and Greek exports
The decline in demand for Greek fuel reflects global trends in the energy market, where the increased supply due to OPEC+ decisions and the reduced demand for deceleration in many economies have led to lower oil prices. This directly affects Greece’s oil exports, which are an important part of the country’s total exports, which are also hit by the euro’s strengthening over the dollar that makes Greek fuels less competitive in international transactions.
It is noteworthy that Greece, although not an oil -producing country, is located outside and on and on, steadily in the first 20 export countries in petroleum, due to the operation of refineries in its territory, as in the last decade, fuel is in the top positions of the goods that the country sells in the country.
After all, these developments require the attention of the Greek government, as an important area of the production of the country’s goods is in danger, and the crucial issue of the commercial deficit, if no solution is found, is at risk of “derailment”.
In addition, this development underlines the need to diversify Greece’s export base and to strengthen other export sectors in order to reduce the dependence on fuel exports and to enhance the resilience of the Greek economy in the international fluctuations in the energy market, which due to geopolitical and tranquil and other trade,