Egypt (EGY) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Egypt-Greece Trade: In 2022, Egypt exported $1.63B to Greece. The main products that Egypt exported to Greece were Crude Petroleum ($725M), Petroleum Gas ($329M), and Nitrogenous Fertilizers ($149M). Over the past 5 years the exports of Egypt to Greece have increased at an annualized rate of 20.7%, from $638M in 2017 to $1.63B in 2022.

In 2022, Egypt did not export any services to Greece.

Greece-Egypt Trade: In 2022, Greece exported $419M to Egypt. The main products that Greece exported to Egypt were Refined Petroleum ($117M), Raw Cotton ($101M), and Petroleum Coke ($29.2M). Over the past 5 years the exports of Greece to Egypt have decreased at an annualized rate of 14.2%, from $903M in 2017 to $419M in 2022.

In 2020, Greece exported services to Egypt worth $535M, with Transportation ($525M), Other business services ($3.77M), and Construction services ($1.94M) being the largest in terms of value.

Comparison: In 2022, Egypt ranked 69 in the Economic Complexity Index (ECI -0.1), and 59 in total exports ($53.9B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Egypt exported $1.63B to Greece. The main products exported from Egypt to Greece were Crude Petroleum ($725M), Petroleum Gas ($329M), and Nitrogenous Fertilizers ($149M). During the last 5 years the exports of Egypt to Greece have increased at an annualized rate of 20.7%, from $638M in 2017 to $1.63B in 2022.

In 2017, Greece exported $419M to Egypt. The main products exported from Greece to Egypt were Refined Petroleum ($117M), Raw Cotton ($101M), and Petroleum Coke ($29.2M). During the last 5 years the exports of Greece to Egypt have decreased at an annualized rate of 14.2%, from $903M in 2022 to $419M in 2017.

Exports from Egypt () to Greece () (2022)

Exports from Greece () to Egypt () (2022)

Latest Data

Trade between Egypt () and Greece ()

Egypt Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Egypt
Top DestinationTurkey$4.23B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Egypt than Greece included India ($2.57B), United Arab Emirates ($2.36B), and Saudi Arabia ($2.35B).

In 2022, countries that imported more from Greece than Egypt included Bulgaria ($3.62B), Cyprus ($2.92B), and Italy ($5.82B).

Difference in imports from Greece () and Egypt () (2022)

Comparative Advantage Egypt - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Egypt had a large net trade with Greece in the exports of Mineral Products ($1.19B), Chemical Products ($189M), and Metals ($77.2M).

During 2017, Greece had a large net trade with Egypt in the exports of Mineral Products ($162M), Textiles ($102M), and Foodstuffs ($39.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Egypt Greece+$260MPetroleum Gas

Top Product Potential Greece Egypt+$106MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Grc Year

In 2020, Greece exported services to Egypt worth $535M, with Transportation ($525M), Other business services ($3.77M), and Construction services ($1.94M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece () to Egypt () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Egypt and Greece. This means that a dot/product with the flag of Egypt indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Egypt.

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Historical Data

Bilateral Trade by Products

Exports from Egypt () to Greece () (2022)

Exports from Greece () to Egypt () (2022)

Latest Data

Trade between Egypt () and Greece ()

Egypt Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Egypt () (2022)

Comparative Advantage Egypt - Greece

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Greece () to Egypt () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Egypt () and Greece () (2022)

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