Germany (DEU) and Greece (GRC) Trade | OEC - The Observatory of Economic Complexity

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Germany-Greece In 2020, Germany exported $6.68B to Greece. The main products that Germany exported to Greece are Oxygen Heterocyclic Compounds ($652M), Packaged Medicaments ($643M), and Vaccines, blood, antisera, toxins and cultures ($274M). During the last 25 years the exports of Germany to Greece have increased at an annualized rate of 2.36%, from $3.73B in 1995 to $6.68B in 2020.

In 2020, Germany exported services to Greece worth $502M, with Transportation ($162M), Other business services ($153M), and Communications services ($75.4M) being the largest in terms of value.

Greece-Germany In 2020, Greece exported $2.62B to Germany. The main products that Greece exported to Germany were Packaged Medicaments ($280M), Cheese ($192M), and Aluminium Bars ($98.4M). During the last 25 years the exports of Greece to Germany have increased at an annualized rate of 0.32%, from $2.41B in 1995 to $2.62B in 2020.

In 2020, Greece exported services to Germany worth $2.06B, with Travel ($1.3B), Transportation ($337M), and Other business services ($161M) being the largest in terms of value.

Comparison In 2020, Germany ranked 4 in the Economic Complexity Index (ECI 1.88), and 3 in total exports ($1.33T). That same year, Greece ranked 49 in the Economic Complexity Index (ECI 0.26), and 56 in total exports ($35.8B).

Latest Trends

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December, 2022

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Overview In December 2022, Germany exported €726M and imported €244M from Greece, resulting in a positive trade balance of €482M. Between December 2021 and December 2022 the exports of Germany have increased by €127M (21.1%) from €600M to €726M, while imports increased by €33.8M (16.1%) from €210M to €244M.

Trade In December 2022, the top exports of Germany to Greece were Basic pharmaceutical products (€101M), Pharmaceutical products (€88.2M), Motor cars and motor caravans (€21.1M), Machinery for electricity production, distribution (€19.3M), and Plates and sheets of iron or... (€14.2M). In December 2022 the top imports of Germany from Greece were Pharmaceutical products (€52.5M), Semi-finished products of aluminium (€16.9M), Estimations for exemptions (€11.7M), Machinery for electricity production, distribution (€11.2M), and Estimations for non-response (€9.36M).

Origins In December 2022 the exports of Germany were mainly from Hamburg (€154M), North Rhine-Westphalia (€92.7M), Rhineland-Pfalz (€85.1M), Baden-Württemberg (€62.5M), and Bavaria (€61.4M), while imports destinations were mainly Bavaria (€50M), Baden-Württemberg (€45.4M), North Rhine-Westphalia (€43M), Rhineland-Pfalz (€24.7M), and Hamburg (€13.2M).

Growth In December 2022, the increase in Germany's year-by-year exports to Greece was explained primarily by an increase in product exports in Basic pharmaceutical products (€53.5M or 114%), Plates and sheets of iron or... (€13M or 1.08k%), and Machinery for electricity production, distribution (€8.79M or 83.8%). In December 2022, the increase in Germany's year-by-year imports from Greece was explained primarily by an increase in product imports in [object Object], [object Object], and [object Object].

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (December 2021 - December 2022): €127M, (21.1%)

IMPORT GROWTH (December 2021 - December 2022): €33.8M, (16.1%)

MAIN EXPORTER (December 2022): Hamburg, €154M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Greece and Germany trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, Germany exported $6.68B to Greece. The main products exported from Germany to Greece were Oxygen Heterocyclic Compounds ($652M), Packaged Medicaments ($643M), and Vaccines, blood, antisera, toxins and cultures ($274M). During the last 25 years the exports of Germany to Greece have increased at an annualized rate of 2.36%, from $3.73B in 1995 to $6.68B in 2020.

In 2020, Greece exported $2.62B to Germany. The main products exported from Greece to Germany were Packaged Medicaments ($280M), Cheese ($192M), and Aluminium Bars ($98.4M). During the last 25 years the exports of Greece to Germany have increased at an annualized rate of 0.32%, from $2.41B in 1995 to $2.62B in 2020.

Market Competitiveness

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Measure

SectionYear

Germany
Top Destination: United States, $116B

Greece
Top Destination: Italy, $3.39B

This map shows whether countries import more from Germany or Greece. Each country is colored based on the difference in imports they receive from Germany and Greece or the difference in the growth in imports.

In 2019, countries that imported more from Germany than Greece were United States ($116B), China ($106B), and France ($101B).

In 2019, countries that imported more from Greece than Germany were Cyprus ($2B), Gibraltar ($496M), and Libya ($719M).

Comparative Advantage Germany - Greece

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Flow

Scale

Year

This chart compares trade between Germany and Greece by product, considering products traded by both, Germany and Greece.

During 2020, Germany had a large net trade with Greece in the exports of Chemical Products ($2.28B), Machines ($1.22B), and Transportation ($805M).

During 2020, Greece had a large net trade with Germany in the exports of Foodstuffs ($443M), Chemical Products ($387M), and Metals ($379M).

Service Trade

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Bilateral Service Trade

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Grc YearDeu Year

In 2020, Germany exported services to Greece worth $502M, with Transportation ($162M), Other business services ($153M), and Communications services ($75.4M) being the largest in terms of value.

In 2020, Greece exported services to Germany worth $2.06B, with Travel ($1.3B), Transportation ($337M), and Other business services ($161M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Germany has comparative advantage over Greece. Similarly, the more yellow a dot/product is, the more Greece has comparative advantage over Germany.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Germany - Greece

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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