Greece (GRC) and China (CHN) Trade | The Observatory of Economic Complexity

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Greece-China Trade: In 2023, Greece exported $650M to China. The main products that Greece exported to China were Packaged Medicaments ($148M), Refined Petroleum ($114M), and Precious Metal Ore ($105M). Over the past 5 years the exports of Greece to China have decreased at an annualized rate of 7.36%, from $953M in 2018 to $650M in 2023.

In 2020, Greece exported services to China worth $1.4B, with Transportation ($1.37B), Communications services ($13.7M), and Other business services ($9.02M) being the largest in terms of value.

China-Greece Trade: In 2023, China exported $8.52B to Greece. The main products that China exported to Greece were Semiconductor Devices ($855M), Computers ($757M), and Other toys ($304M). Over the past 5 years the exports of China to Greece have increased at an annualized rate of 11.4%, from $4.96B in 2018 to $8.52B in 2023.

In 2023, China did not export any services to Greece.

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $650M to China. The main products exported from Greece to China were Packaged Medicaments ($148M), Refined Petroleum ($114M), and Precious Metal Ore ($105M). During the last 5 years the exports of Greece to China have decreased at an annualized rate of 7.36%, from $953M in 2018 to $650M in 2023.

In 2018, China exported $8.52B to Greece. The main products exported from China to Greece were Semiconductor Devices ($855M), Computers ($757M), and Other toys ($304M). During the last 5 years the exports of China to Greece have increased at an annualized rate of 11.4%, from $4.96B in 2023 to $8.52B in 2018.

Exports from Greece () to China () (2023)

Exports from China () to Greece () (2023)

Latest Data

Trade between Greece () and China ()

Greece Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Greece than China included Cyprus ($3.03B), Gibraltar ($1.25B), and North Macedonia ($1.11B).

In 2023, countries that imported more from China than Greece included United States ($436B), Hong Kong ($259B), and Japan ($169B).

Difference in imports from China () and Greece () (2023)

Comparative Advantage Greece - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with China in the exports of Mineral Products ($345M), Chemical Products ($164M), and Machines ($56.2M).

During 2018, China had a large net trade with Greece in the exports of Machines ($3.59B), Miscellaneous ($931M), and Textiles ($725M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece China+$134MRefined Petroleum

Top Product Potential China Greece+$190MTelephones

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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Greece () to China () (2023)

Exports from China () to Greece () (2023)

Latest Data

Trade between Greece () and China ()

Greece Exports

China Exports

Market Competitiveness

Difference in imports from China () and Greece () (2023)

Comparative Advantage Greece - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and China () (2023)

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