Greece (GRC) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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Greece-Indonesia Trade: In 2023, Greece exported $118M to Indonesia. The main products that Greece exported to Indonesia were Refined Petroleum ($41M), Raw Cotton ($33.9M), and Recovered Paper ($10.7M). Over the past 5 years the exports of Greece to Indonesia have increased at an annualized rate of 4.83%, from $93.6M in 2018 to $118M in 2023.

In 2020, Greece exported services to Indonesia worth $393M, with Transportation ($391M), Travel ($1.6M), and Other business services ($571k) being the largest in terms of value.

Indonesia-Greece Trade: In 2023, Indonesia exported $305M to Greece. The main products that Indonesia exported to Greece were Palm Oil ($121M), Uncoated Paper ($25.2M), and Coconut Oil ($18.3M). Over the past 5 years the exports of Indonesia to Greece have increased at an annualized rate of 1.42%, from $240M in 2018 to $305M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $118M to Indonesia. The main products exported from Greece to Indonesia were Refined Petroleum ($41M), Raw Cotton ($33.9M), and Recovered Paper ($10.7M). During the last 5 years the exports of Greece to Indonesia have increased at an annualized rate of 4.83%, from $93.6M in 2018 to $118M in 2023.

In 2018, Indonesia exported $305M to Greece. The main products exported from Indonesia to Greece were Palm Oil ($121M), Uncoated Paper ($25.2M), and Coconut Oil ($18.3M). During the last 5 years the exports of Indonesia to Greece have increased at an annualized rate of 1.42%, from $240M in 2023 to $305M in 2018.

Exports from Greece () to Indonesia () (2023)

Exports from Indonesia () to Greece () (2023)

Latest Data

Trade between Greece () and Indonesia ()

Greece Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Greece than Indonesia included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

In 2023, countries that imported more from Indonesia than Greece included China ($70.7B), United States ($27.9B), and India ($24B).

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

Comparative Advantage Greece - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Indonesia in the exports of Mineral Products ($41.3M), Textiles ($34.2M), and Paper Goods ($11.4M).

During 2018, Indonesia had a large net trade with Greece in the exports of Animal and Vegetable Bi-Products ($144M), Paper Goods ($51.3M), and Plastics and Rubbers ($17.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Indonesia+$4.85MPackaged Medicaments

Top Product Potential Indonesia Greece+$20.4MPetroleum Gas

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 Indonesia. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Greece.

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Indonesia () (2023)

Exports from Indonesia () to Greece () (2023)

Latest Data

Trade between Greece () and Indonesia ()

Greece Exports

Indonesia Exports

Market Competitiveness

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

Comparative Advantage Greece - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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