2022
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GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$20,732CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Greece-Spain Trade: In 2022, Greece exported $1.92B to Spain. The main products that Greece exported to Spain were Refined Petroleum ($497M), Non-fillet Fresh Fish ($212M), and Computers ($182M). Over the past 5 years the exports of Greece to Spain have increased at an annualized rate of 19.9%, from $776M in 2017 to $1.92B in 2022.

In 2020, Greece exported services to Spain worth $406M, with Transportation ($271M), Travel ($51.4M), and Other business services ($45.6M) being the largest in terms of value.

Spain-Greece Trade: In 2022, Spain exported $3.16B to Greece. The main products that Spain exported to Greece were Refined Petroleum ($253M), Cars ($227M), and Cyclic Hydrocarbons ($127M). Over the past 5 years the exports of Spain to Greece have increased at an annualized rate of 6.87%,  from $2.27B in 2017 to $3.16B in 2022.

In 2009, Spain exported services to Greece worth $831M, with Services not allocated ($527M), Travel ($176M), and Transportation ($128M) being the largest in terms of value.

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $1.92B to Spain. The main products exported from Greece to Spain were Refined Petroleum ($497M), Non-fillet Fresh Fish ($212M), and Computers ($182M). During the last 5 years the exports of Greece to Spain have increased at an annualized rate of 19.9%, from $776M in 2017 to $1.92B in 2022.

In 2017, Spain exported $3.16B to Greece. The main products exported from Spain to Greece were Refined Petroleum ($253M), Cars ($227M), and Cyclic Hydrocarbons ($127M). During the last 5 years the exports of Spain to Greece have increased at an annualized rate of 6.87%, from $2.27B in 2022 to $3.16B in 2017.

Exports from Greece (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to Greece (Flag) (2022)

Latest Data

Trade between Greece (Flag) and Spain (Flag)

Greece Exports

Spain Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Greece than Spain included Cyprus ($2.92B), Bulgaria ($3.62B), and North Macedonia ($1.7B).

In 2022, countries that imported more from Spain than Greece included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain (Flag) and Greece (Flag) (2022)

Comparative Advantage Greece - Spain

Flow
Scale

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

During 2022, Greece had a large net trade with Spain in the exports of Mineral Products ($550M), Animal Products ($268M), and Machines ($226M).

During 2017, Spain had a large net trade with Greece in the exports of Textiles ($451M), Chemical Products ($450M), and Mineral Products ($355M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Spain+$109MRefined Petroleum
Top Product Potential Spain Greece+$68.8MCars

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

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

Product Space of Greece (Flag) and Spain (Flag) (2022)

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