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2022
Flag → Flag
Exports $1.24BRnk 7 / 208
2022
Flag → Flag
Top Product $470MRefined Petroleum
2022
Flag → Flag
Exports $1.25BRnk 50 / 224
2022
Flag → Flag
Top Product $91.5MCars
2022
Flag
Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Greece-United Kingdom Trade: In 2022, Greece exported $1.24B to United Kingdom. The main products that Greece exported to United Kingdom were Refined Petroleum ($470M), Packaged Medicaments ($276M), and Insulated Wire ($130M). Over the past 5 years the exports of Greece to United Kingdom have increased at an annualized rate of 11.9%, from $708M in 2017 to $1.24B in 2022.

In 2020, Greece exported services to United Kingdom worth $1.9B, with Travel ($865M), Other business services ($349M), and Transportation ($279M) being the largest in terms of value.

United Kingdom-Greece Trade: In 2022, United Kingdom exported $1.25B to Greece. The main products that United Kingdom exported to Greece were Cars ($91.5M), Hard Liquor ($66.1M), and Gas Turbines ($59.3M). Over the past 5 years the exports of United Kingdom to Greece have decreased at an annualized rate of 6.02%,  from $1.71B in 2017 to $1.25B in 2022.

In 2019, United Kingdom exported services to Greece worth $1.42B, with Transportation ($525M), Financial services ($284M), and Travel ($217M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $1.24B to United Kingdom. The main products exported from Greece to United Kingdom were Refined Petroleum ($470M), Packaged Medicaments ($276M), and Insulated Wire ($130M). During the last 5 years the exports of Greece to United Kingdom have increased at an annualized rate of 11.9%, from $708M in 2017 to $1.24B in 2022.

In 2017, United Kingdom exported $1.25B to Greece. The main products exported from United Kingdom to Greece were Cars ($91.5M), Hard Liquor ($66.1M), and Gas Turbines ($59.3M). During the last 22 years the exports of United Kingdom to Greece have decreased at an annualized rate of 6.02%, from $1.71B in 1995 to $1.25B in 2017.

Exports from Greece (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Greece (Flag) (2022)

Latest Data

Trade between Greece (Flag) and United Kingdom (Flag)

Greece Exports

United Kingdom Exports

Market Competitiveness

Color
Greece
Top DestinationItaly$5.82B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Greece than United Kingdom included Bulgaria ($3.62B), Cyprus ($2.92B), and Libya ($1.95B).

In 2022, countries that imported more from United Kingdom than Greece included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Greece (Flag) (2022)

Comparative Advantage Greece - United Kingdom

Flow
Scale

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

During 2022, Greece had a large net trade with United Kingdom in the exports of Mineral Products ($541M), Metals ($339M), and Chemical Products ($332M).

During 2017, United Kingdom had a large net trade with Greece in the exports of Machines ($184M), Metals ($159M), and Transportation ($158M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece United Kingdom+$214MRefined Petroleum
Top Product Potential United Kingdom Greece+$61.7MCars

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

In 2020, Greece exported services to United Kingdom worth $1.9B, with Travel ($865M), Other business services ($349M), and Transportation ($279M) being the largest in terms of value.

In 2019, United Kingdom exported services to Greece worth $1.42B, with Transportation ($525M), Financial services ($284M), and Travel ($217M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Greece (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Greece (Flag) and United Kingdom (Flag) (2022)

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