Greece import of Aluminium Stranded Wire during 2018-20 exhibits significant growth

The Greek Economy Outlook for 2021 resembles the continuation of the pandemic is developing a barrier towards predictions, which is almost impossible about the course of the Greek economy. Notwithstanding, the effort of the government to facilitate recovery is being heightened and will significantly be based on European funds. Greece has the opportunity to benefit not only from the standardized National Strategic Reference Framework (NSRF) but also from the EU Recovery Fund while is also receives sums from instruments such as the Unemployment Risks in an Emergency (SURE).

The Southeastern European nation’s import of aluminium stranded wire in 2018-19 records at 3764 tonnes and the expenditure accounted for the import remained at $6.45 million. The import for 2020 stood at 3350 tonnes and the revenue expenditure noted at $5.25 million. However, when the import for 2020 gets accumulated with the existing two years, it denotes 7114 tonnes and $11.70 million respectively.

Greece import of aluminium stranded wire in 2018 remained at 1276 tonnes only and the expenditure stood at $2.43 million, whereas, in 2019, the import saw growth by 94.98%, as the import volume rose to 2488 tonnes and also the expenditure grew to $4.02 million.

The import for 2020 also boarded upswing by 34.64%, as the import volume inclined to 3350 tonnes and expenditure also jumped to $5.25 million.

Greece major destination for the importation of aluminium stranded wire is China, India, Norway, etc.