How big is the chemical industry in Greece?

Also importantly, the Greek chemical industry produces a broad range of consumer chemicals. The Greek chemical industry comprises of about 1,000 businesses. The average Greek chemical firm is larger than the average firm in manufacturing in Greece, yet smaller than the average chemical firm in the European Union (28 member states).

How much does the chemical industry spend on R&D in Greece?

However, R&D spending by the chemical industry in Greece is rather low, compared with more advanced chemical industries in Europe, such as in Spain, with R&D spending by the chemical industry in 2015 reaching €230 million, or in Germany, with €3.8 billion spent on chemical R&D.

What was the production value of the Greek chemical industry in 2016?

The gross production value of the Greek chemical industry in 2016 was €2.2 billion. This is 25% less compared to 2008, as a result of the Greek economic crisis in the recent past. The industry’s production is focused on special chemicals and consumer chemicals.

What percentage of chemical products are imported from Greece?

Basic chemical compounds (petrochemicals, basic inorganic compounds and polymers) are 54% of Greek imports of chemicals. The Greek trade balance in chemicals is negative in all major groups of chemical products.

How many chemicals are exported in Greece in 2016?

Exports of Greek chemicals reached €1.6 billion in 2016. Chemicals is one of the most important groups of Greek exports. In 2016 chemicals were 5.1% of Greek exports by value (the 4th most important group of exported products by value). Imports of chemicals were €3.6 billion in 2016. As a result, the Greek trade balance in chemicals was negative.

What is the GVA of the chemical industry in Greece?

The gross value added (GVA) of the chemical industry in Greece was €583 million in 2015, which corresponds to 5.5% of GVA in manufacturing, or 0.4% of the Greek Gross Domestic Product (GDP). About 3/4 of the GVA of the Greek chemical industry in 2015 (€440 million) was from special chemicals and consumer chemicals.