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What will be the impact on India’s textile trade with Greece - The trepidation

Related Keywords: garment export to greece, Greece crisis, impact of Greece crisis, textile export to Greece, textile trade with Greece, trade with Greece

India export was worth US$363 million in 2014 to Greece while it imported US$131 million worth of goods from the crisis ridden European country. In textiles, exports were worth US$45 million and imports at a negligible US$3.3 million. Overall export fell dramatically to less than US$400 in 2012 when the crisis first erupted in Greece. Exports were worth US$800 in earlier years. All these numbers are apparently insignificant compared with overall trade numbers and thus will have negligible impact on direct trade between the two countries. Textile trade will remain almost immune.

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