**Greek Imports of Nitric Acid Surge Amid Manufacturing Boom**
**Greece’s Industrial Sector Drives Up Demand for Key Chemicals**
• Greek imports of nitric acid (HS Code 2808) rose 12% in June compared to the same period last year.
• The increase is attributed to Greece’s expanding manufacturing sector, which has seen significant growth in recent quarters.
• Nitric acid prices have stabilized at around €1,200 per metric ton, following a seasonal dip in May.
Greek imports of nitric acid continued their upward trend in June, driven by the country’s booming industrial sector. Strong demand for chemicals like nitric acid is supporting Greek manufacturers, particularly those in the food processing and pharmaceutical industries. The recent stabilization of nitric acid prices has also helped to boost imports. As Greece’s economy continues to recover from the pandemic, its manufacturing sector is expected to remain a key driver of growth, with nitric acid imports likely to follow suit.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 3,497,358 | 814,505 |
| 2021 | 3,377,924 | 1,024,026 |
| 2022 | 2,879,906 | 1,614,848 |
| 2023 | 2,620,895 | 985,849 |
| 2024 | 3,840,592 | 928,608 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Bulgaria | 2,794,205 | 444,519 |
| Netherlands | 370,294 | 190,309 |
| Belgium | 315,325 | 164,571 |
| Hungary | 305,066 | 88,997 |
| Germany | 44,627 | 23,826 |
| Italy | 10,611 | 5,070 |
| Austria | 376 | 11,027 |
| Czech Republic | 88 | 289 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Bulgaria | 1,265,649 | 300,393 |
| Hungary | 540,991 | 191,126 |
| Netherlands | 526,588 | 284,691 |
| Belgium | 188,469 | 104,714 |
| Italy | 55,413 | 27,996 |
| Romania | 37,746 | 17,275 |
| Germany | 2,329 | 30,355 |
| Austria | 1,700 | 14,435 |
| Czech Republic | 1,560 | 5,318 |
| Spain | 450 | 9,546 |
