UK is the fifth largest trade partner of Greece

A total of 87,162 job positions in Greece are related with exports to the UK, while in the UK this number is just 36,338 (0.12 pct of total), an analysis by Civitas -a eurosceptic think tank- said over the possible impact of Brexit in job positions in the UK and the EU, the Greek embassy in the UK said in a report.

The report noted, however, that according to Civitas methodology, job positions directly related with Greek exports to the UK totaled 87,162, or 2.4 pct of total employment, but failed to underline that as a percentage of total employment, 11.5 pct of job positions in the UK depended from exports to the EU, while in the EU this rate was only 3.0 pct of total employment.

The analysis showed that job positions in EU member-states, depended on UK imports, are more than job positions in the UK depended on UK exports. This figure showed that the UK has a negotiating advantage in the trade sector as more European job positions were at stake than British because of the Brexit.

The analysis also noted that the UK was in a possibly better position to adapt to changes related with trade transactions with teh EU compared with other EU member-states.

The UK is the fifth largest trade partner of Greece. Based on UK figures (January-August 2016) our country ranks 43th among customers and 52nd among suppliers in the UK. Bilateral trade was 1.09 billion pounds in the eight-month period, up 3.52 pct from the same period last year. Bilateral trade balance showed a deficit of 68.8 million pounds, down 41 pct from 2014.

Greek exports to the UK (including oil products) was 509.9 million pounds, up 9.09 pct frm the previous year, while excluding oil products the value of exports grew 6.5 pct to 492.69 million pounds.

Import from the UK totaled 578.74 million pounds, down 0.93 pct from the previous year, while excluding oil products the value of imports fell 4.91 pct to 541.16 million pounds.

The top Greek exports to the UK are pharmaceuticals, electric equipment, milk and dairy products, vegetable/fruit products, copper, clothing, argile, fruit, iron products, plastic products and food products.

The top UK exports to Greece are pharmaceuticals, cars, nuclear reactors, alcohol, chemical industry products, clothing, optical machines, photography/cinematography, surgical tools, books, footwear, paints.