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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Spain and Greece, each channel at its own period. Left, Spain to Greece; right, Greece to Spain.

Finance to trade

positions ÷ goods, both directions
Finance to trade3.4×positions ÷ goods, both directions
Financial positions, both directions18.6USD bn
Goods, both directions5.5USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceSpain → GreeceGreece → Spainother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 3.9 / 1.6035Bank claims · quarterly · USD bnQ2 2026 · 2.1 / 0.4035Portfolio holdings · half-yearly · USD bnDec 2025 · 1.2 / 14.101020Direct investment · annual · USD bn2024 · 1.0 / −0.2012Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 3.4×0.0×5.0×10×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Spain → Greece

Aug 2025–Jul 2026

exports of Spain to Greece, 12 months

Exports, 12 months3.9USD bnreported
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Greece → Spain

Aug 2025–Jul 2026

exports of Greece to Spain, 12 months

Exports, 12 months1.6USD bnspliced
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Spain → Greece

Q2 2026

loans and deposits of banks in Spain on residents of Greece

Position2.1USD bn
Flow in the quarter−0.5USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Greece → Spain

Q2 2026

loans and deposits of banks in Greece on residents of Spain

Position0.4USD bn
Flow in the quarter+0.1USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Spain → Greece

Q4 2025

securities issued in Greece held by investors in Spain

Total1.2USD bn
Equity0.1USD bn
Debt securities1.2USD bn
Sources

Holder to issuer, Q4 2025.

Greece → Spain

Q4 2025

securities issued in Spain held by investors in Greece

Total14.1USD bn
Equity0.1USD bn
Debt securities14.0USD bn
Sources

Holder to issuer, Q4 2025.

Spain → Greece

2024

position of investors in Spain in Greece

Position1.0USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Greece → Spain

2024

position of investors in Greece in Spain

Position−0.2USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.