Pharmaceuticals topped Greece’s industrial exports in the third quarter of 2025, with 78% destined for European countries, the Foundation for Economic and Industrial Research (IOBE) reported. Exports of pharmaceuticals, including medicines and consumables, reached €675 million, up 6.3% from the same period last year.
Aluminum exports followed at €650 million, rising 0.8%, while dairy products remained strong at €476 million. Canned fruits and vegetables exports totaled €470 million, and oils and fats reached €263 million.
Authorities said 78% of industrial products, excluding refined petroleum, were shipped to European countries, with 64.1% going to the 27 European Union member states, while 7.2% went to the Middle East and North Africa, 6.6% to North America, and 4.8% to Asia.
Pharmaceutical exports in 2024 totaled €2.8 billion, stable compared with 2023 but slightly below 2021 levels of €2.9 billion, when exports surged during the pandemic. Imports of pharmaceuticals fell 1.8% to €4.3 billion in 2024, keeping the trade deficit at €1.5 billion, down from €1.6 billion the previous year.
Data from the recent IOBE-SFEE study showed Germany was the top destination for Greek pharmaceutical exports in 2024 with an 11.7% share, though values fell, while Austria ranked second with 8.2%, seeing a 17.7% increase in export value. Cyprus and France followed, with exports to France declining 47.2%. Exports to Italy rose 29.3%, placing it fifth with a 7% share.