**Greece Sees Surge in Rare-Earth Metals Imports**
**Greek Demand for High-Tech Materials Continues to Rise Amid Economic Recovery**
• Greece imported 1,500 metric tons of rare-earth metals in May, up 15% from April.
• The majority of imports came from China, accounting for 70% of total shipments.
• Prices for neodymium and dysprosium, key components used in electric motors, rose by 5% last month.
Greece’s increasing demand for high-tech materials has driven a surge in rare-earth metals imports. As the country continues its economic recovery, industries such as renewable energy and electronics are driving up consumption of these critical components. The recent price increase is attributed to seasonal factors, with supply chains adjusting to meet heightened demand ahead of summer months.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 30,670 | 62,973 |
| 2021 | 141,346 | 297,522 |
| 2022 | 323,041 | 798,853 |
| 2023 | 5,489 | 31,345 |
| 2024 | 128,801 | 113,388 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Bulgaria | 96,750 | 43,868 |
| China | 26,538 | 38,702 |
| Spain | 5,000 | 13,750 |
| Germany | 369 | 12,730 |
| Belgium | 122 | 657 |
| Italy | 21 | 3,218 |
| Turkey | 1 | 463 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Netherlands | 4,400 | 20,192 |
| Germany | 355 | 5,863 |
| Hungary | 300 | 2,490 |
| Italy | 232 | 465 |
| Belgium | 191 | 1,512 |
| Czech Republic | 10 | 660 |
| France | 1 | 163 |
