Only 36% of Greek commercial enterprises sold goods of Greek origin in 2024, the lowest percentage recorded since 2016, when the Institute of Commerce and Services of the Hellenic Confederation of Commerce and Entrepreneurship (INEMY ESEE) started such analyses.
This percentage is significantly lower not only than the 71.6% recorded in 2020, a result of the massive shift to Greek suppliers that year due to the disruption of imports caused by the pandemic; it is also significantly lower than the pre-pandemic years, as then over 60% of commercial enterprises sold products of Greek origin. This revealing finding is included in the “Annual Report on Greek Trade 2024” of INEMY ESEE, which was presented on Wednesday at a special event.
“The above element is a warning on low competitiveness, reveals the country’s weak production base, and reinforces the view that the current account deficit is a time bomb,” argued ESEE President Stavros Kafounis.
The share of businesses that procure goods not only from China and other Asian countries, but also from other European states is increasing significantly, as in 2016 62% of local enterprises sourced products mainly from Greece.