EU-partnerships

Greece

Research | 1 April 2026

total bilateral trade in goods in 2025,with Greece maintaining a significant trade surplus

Greek exports to UA dominated by refined petroleum products, fertilizers, and petroleum gas

in revenue generated by 151 Greek-linked businesses in UA in 2025, supporting 3,760 jobs

Ukrainian exports to Greece are materially diversified but centred on agrifood and semi-finished steel

With ~38k people, Greece hosts a displaced Ukrainian population that is 70% female

Centre for Economic Strategy (CES), an independent Ukrainian think tank that analyzes key public policies and promotes support for reforms.

With donor support, CES has launched a series of studies on trade relations between Ukraine and the European Union countries.

Free movements of goods and services

Greek exports to Ukraine reflect a war-driven reorientation toward critical inputs such as fuel, chemicals, and agricultural support goods

Meanwhile, imports from Ukraine are heavily concentrated in agro-industrial products and basic material inputs, particularly semi-finished steel

Greece remains a net exporter of services to Ukraine, led overwhelmingly by travel and transport

In contrast, Ukraine’s service exports to Greece are logistics-intensive, driven by transport, business services, and IT

In 2024, Greek service exports stood at €113.9 mln against €38.5 mln in imports

Pre war:

~91k

people of Greek descent in UA

Post-2022:

~38k

refugees currently under temporary protection (as of early 2026)

~70%

of beneficiaries are women

While official Greek FDI stock in Ukraine stood at a modest €20.9 mln in 2024, the operational footprint is broader
In 2025, 151 Greek-linked businesses generated €342.3 mln in revenue. Greek capital maintains an active presence in wood processing, machinery, and packaging
Furthermore, Greek IT and financial presences, such as Printec and Piraeus Bank, serve as crucial bridges for bilateral business activity and retail infrastructure

Greece has a major strategic opportunity to solidify its role as Ukraine’s southern energy and logistics gateway.
Deepening this partnership by securing the Vertical Gas Corridor infrastructure, improving customs interoperability, and expanding ties in agrifood and light manufacturing, can transition the relationship from wartime emergency to a sustainable business conduit in the common market.