Overview of Weighing Scale Industry in Greece and How to Buy Weighing Scales

Introduction of Greece

As of 2019, Greece records a population of 10.72 million registered citizens.
Both the locals and visitors communicate using Greek, the official language.
As the capital of Greece, Athens is the economic magnet and most explored part of the country.
It is no surprise that as one of the oldest cities globally, Greece covers a total area of 131,957 km square.
Greece’s people carry out both import and export transactions using Euro as their primary currency of exchange.

Economic Statistics of Greece

Economic Overview:

Greece thrives on maintaining the 60th largest economy in Europe as of 2019.
In revenue and expenses, Greece holds roughly 49.0% and 47.5% of its GDP, respectively as of 2019.
There’s a current 4.1% estimate of Greece’s GDP growth in 2021 making it move above the previous 51st ranked position in Europe.
The country has since recorded significant fluctuations in its GDP price from four years till now. Today, Greece has a GDP estimation of $194.38.
The largest industries of Greece are Agriculture, Tourism, and Mining.

Economy breakdown of Greece:

Agriculture holds over 3.6% of Greece’s GDP
As visitors and tourists’ troupe into Greece annually, Tourism contributes to an increasing 25% of the country’s GDP yearly.
Several industries in Greece contribute to at least 45% of the country’s economy, making it relevant to date.
The employment status in Greece progresses from 3,67 million in 2016 to a thriving 3,91 million workers in 2019, increasing the service rate by 6.5%

Main Importers of Greece’s Goods:

Italy records Greece's goods' highest importation in 2020 with a minimal increase of 10.5% over the last year.
Germany is another leading export destination of Greece's goods with a record of 7.65% in 2020.
As expected, Cyprus consumes 5.97% of Greece's exported goods annually
Last, on the top four list, France thrives on 5.77% of Greece's exports yearly to keep its economy going.

Main Exporters to Greece

Germany is exporting roughly 11.8% of Greece's imports resulting in approximately $6.6 Billion
Next is Italy, with a total of $4.6 Billion which amounts to 8.28% of Greece's imported goods.
Another leading exporter to Greece is China which records an increasing number of 7.68% of Greece's imported goods.
The Netherlands ranks as the fourth leading exporting country to Greece with a standing 6.12% imports to the coast.

The Manufacturing Industry in Greece

The manufacturing industry contributes to Greece's economic growth yearly by at least 14% in the GDP. All thanks to the manufacturing industry, the unemployment rate of Greece reduced drastically in the last decade. With a steady salary among workers, importation of materials, and exportation of locally produced goods, the Greece’s economy could never be in a more viable phase.

Some of the manufacturing sub-sectors include;

Foodstuffs Industry

The foodstuffs manufacturing sub-sector in Greece is considered to have the highest employment rate, which equals steady produce. As the Greeks require food to sustain a living, this sub-sector uses of adequate weighing equipment to ensure foodstuffs go round.

Textile Manufacturing Industry

The textile manufacturing sub-sector in Greece is another industry that contributes greatly to the GDP of the country. The people of Greece are fashion-inclined individuals with a high sense of fashion.

Weighting equipment like NFC cards, folding barriers, and Straight-Arm barriers are used during the production of various goods in Greece.

Electronics & Engineering Manufacturing Sub-sector

Electronic and Engineering in Greece is taken with so much importance as the manufacturing industry contributes to helping the Greeks live a comfortable life.

Several weighing equipment like

Wireless portable
Weighing pads
Weighbridges are used in the electronics industry in Greece during production.

Chemical Industry

Chemical production in Greece is an important part of the economy's growth since the manufactured chemicals are often materials for other goods and services. In the Chemicals industry, weighing equipment like bench and crane scales come in handy to ensure that the appropriate combining ratio is considered during production.

NFC CARDS

These cards are used in the foodstuff industry to aid smart weighing and enable easy and reliable weighing of food items for importation.

NFC Cards - NFC Cards for industrial and home use to aid smart weighing

The Transportation and Logistics Industry in Greece

Given Greece’s economic growth, the demand for weighing scales in the transportation and logistics services in Greece is diversified and expected to increase. As small and large-scale businesses grow daily in Greece, there has been a constant need for a reliable and consistent transportation and logistics system.

In the year 2030, the Greece logistic sector has tripled the results the country has experienced in the last years. The expansion of the transportation industry in particular promises to provide the Greeks with accessible roads and rail tracks to highlight sections of the country.

Presently, the country benefits greatly from a reliable logistics system that serves its citizens to their satisfaction. The primary revenue streams for the logistic industry in Greece are DHL Express, Maersk Group, Deutsche Post & DHL, and Kuehne + Nahel.

In Greece, the transportation, shipping, and logistics sectors require adequate weighing to prevent numerous records of accidents when moving goods and services. Other weighing equipment is also paramount in reducing excess offloading during the transportation of goods.

Types of Weighing System Used in Transportation and Logistic Industry

These weighing scales are applied to many industries such as shipping, construction, agriculture, logistics, and vehicle.

Types of Weighing System Used in Transportation and Logistic Industry

Greece is accessible by land and sea for both international and local transportation of goods. For international trading, the main seaports are Antirrio, Heraklion, and Igoumenitsa.

When exporting products to our clients in Greece, Canaweigh uses Piraeu’s largest and busiest port.

What Weighing Scales Does Greece Import?

According to the latest trade data, some of the loading weighing scales that Greece include;

What Regulations Are There on Importing Equipment to Greece

Greece customs duties and tariffs range from 5% to 7% on manufactured goods, excluding importation of raw materials. For a smooth importation of equipment into Greece, customs request the following;

Airway bill
Commercial Invoice
Bill of Entry
Industrial License
Purchase order
Insurance Certificate

To get the best of all equipment shipping and importation in Greece, Canaweigh guarantees swift transportation and logistics processes for the goods.

Why Should Greece Import Equipment?

Availability – Getting access to the best equipment promptly is a major setback common to locally producing equipment manufacturers. With the help of equipment importation, Greece can always have high-quality equipment available to consumers.
The high cost of equipment – High labor costs and domestic competition between local equipment companies result in a regular increase in the prices of Greece's equipment. Importing these products enables the customers to get the goods at the flat rate provided to everyone.
Quality of equipment - Importing your equipment still provides customers with a higher chance of getting high-quality products. Not all local manufacturers have access to high-quality materials for production, which reduces the quality of the equipment. /li>

Where Can I Buy Equipment for Greece?

Camaweigh exports many weighing scales to consumers in Greece and other parts of the world. Reach out to us today at [email protected] or WhatsApp @ +86-131-2037-9271 to access to our free equipment quotation services. We also ship to clients worldwide by partnering with the best shipping companies on various continent.