We’re thrilled to share the latest statistics on trade and investment between the UK and Greece, released on 22 February 2024. These numbers paint a dynamic picture of the growing economic ties between our two nations.
🌍 Total Trade Overview
Total trade in goods and services between the UK and Greece reached an impressive £12.0 billion in the four quarters to Q3 2023, marking a substantial 28.5% increase (£2.7 billion) from the same period in 2022.
🌍 Key Highlights
UK exports to Greece surged by 28.5% (£860 million) in the same period, totaling £3.9 billion.
UK imports from Greece also experienced a robust increase of 28.6% (£1.8 billion), reaching £8.2 billion.
💼 Top Goods Exported by the UK to Greece:
- Ships: £412.7 million (31.7% of all UK goods exported to Greece)
- Beverages & Tobacco: £109.1 million (8.4%)
- Cars: £90.5 million (7.0%)
- Non-Ferrous Metals: £71.8 million (5.5%)
- Metal Ores & Scrap: £52.6 million (4.0%)
💼 Top Goods Imported by the UK to Greece:
- Medicinal & pharmaceutical products: £227.5 million (13.1% of all UK goods imported from Greece)
- Ships: £205.0 million (11.8%)
- Non-ferrous metals: £165.8 million (9.5%)
- Vegetables & fruit: £154.8 million (8.9%)
- Dairy products & eggs: £118.3 million (6.8%)
NG Terminal at Your Service
At NG Terminal, we’re honoured to support your logistics needs amidst these exciting times. Here’s what we bring to the table:
Skilled Handling: Whether it’s a consignment of fine wine or premium tobacco, we handle your goods with care.
Comprehensive Logistics: Our offerings include:
- Air Freight
- Sea Freight
- Road and Rail Freight
Excise Duty Suspended: Enjoy full excise-duty suspension during storage and movement. We’ve got the customs guarantees sorted for collection and delivery, ensuring your goods move smoothly, whether it’s NCTS T1/T2 or TIR for domestic and international transit.
Safety First: Your goods are safe with us, thanks to our round-the-clock CCTV, direct police links, and TAPA-TSR certified transport.
Explore Further & Get in Touch
Intrigued by the UK-Greece partnership and its impact on logistics?
- Deep Dive: Find the full story on the UK-Greece Strategic Bilateral Framework https://www.gov.uk/government/publications/uk-greece-strategic-bilateral-framework-second-annual-review-2024/second-annual-review-of-the-uk-greece-strategic-bilateral-framework-30-january-2024.
- Insightful Reads: Check out the trade and investment factsheet https://assets.publishing.service.gov.uk/media/65d49ffb38fef9001ab5b061/greece-trade-and-investment-factsheet-2024-02-22.
💡 Let’s Have a Yarn: Fancy a chat or need advice on shipping solutions? Drop us a line at ngtbd@ng-terminal.com for bespoke guidance and a friendly conversation.
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