Greek-Turkish crisis? Bilateral trade transactions up in 2021

shipping contrains export import greek

Greek-Turkish trade relations improved in the January-September 2021 period totaling 4.0 billion euros and returned to 2016 levels, the Greek-Turkish Chamber of Commerce said in a report on Thursday.

The Chamber said that, according to Hellenic Statistical Authority data, Greek exports to Turkey grew 39% in 2021 totaling 1.8 billion euros, with Turkey ranking fifth in the list of the most popular destination of Greek products.

Imports from Turkey grew 46% to reach 2.3 billion euros with Turkey ranking 8th among the country's suppliers.

The trade balance between the two countries remained in deficit for Greece.

In 2020, Greek exports to Turkey totaled 1.3 billion euros while imports reached 1.5 billion.

READ MORE: Cyprus: Why did the first direct flight from Turkey to Larnaca in 59 years take off?