Greece (GRC) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Greece-Ireland Trade: In 2023, Greece exported $206M to Ireland. The main products that Greece exported to Ireland were Packaged Medicaments ($54.1M), Refined Petroleum ($24.1M), and Mixed Mineral or Chemical Fertilizers ($15.1M). Over the past 5 years the exports of Greece to Ireland have increased at an annualized rate of 4.09%, from $168M in 2018 to $206M in 2023.

In 2020, Greece exported services to Ireland worth $326M, with Other business services ($90.6M), Transportation ($54.5M), and Financial services ($49.6M) being the largest in terms of value.

Ireland-Greece Trade: In 2023, Ireland exported $611M to Greece. The main products that Ireland exported to Greece were Scented Mixtures ($144M), Nitrogen Heterocyclic Compounds ($110M), and Packaged Medicaments ($81.6M). Over the past 5 years the exports of Ireland to Greece have decreased at an annualized rate of 6.05%, from $835M in 2018 to $611M in 2023.

In 2020, Ireland exported services to Greece worth $217M, with Other business services ($121M), Insurance services ($74.2M), and Financial services ($16M) being the largest in terms of value.

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $206M to Ireland. The main products exported from Greece to Ireland were Packaged Medicaments ($54.1M), Refined Petroleum ($24.1M), and Mixed Mineral or Chemical Fertilizers ($15.1M). During the last 5 years the exports of Greece to Ireland have increased at an annualized rate of 4.09%, from $168M in 2018 to $206M in 2023.

In 2018, Ireland exported $611M to Greece. The main products exported from Ireland to Greece were Scented Mixtures ($144M), Nitrogen Heterocyclic Compounds ($110M), and Packaged Medicaments ($81.6M). During the last 5 years the exports of Ireland to Greece have decreased at an annualized rate of 6.05%, from $835M in 2023 to $611M in 2018.

Exports from Greece () to Ireland () (2023)

Exports from Ireland () to Greece () (2023)

Latest Data

Trade between Greece () and Ireland ()

Greece Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Greece than Ireland included Cyprus ($3.03B), Bulgaria ($2.38B), and Lebanon ($1.78B).

In 2023, countries that imported more from Ireland than Greece included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Greece - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Ireland in the exports of Chemical Products ($91.4M), Mineral Products ($35.8M), and Plastics and Rubbers ($16.5M).

During 2018, Ireland had a large net trade with Greece in the exports of Chemical Products ($395M), Miscellaneous ($68.1M), and Foodstuffs ($44.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Ireland+$51.6MRefined Petroleum

Top Product Potential Ireland Greece+$39MPackaged Medicaments

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

Irl Year

Grc Year

In 2020, Greece exported services to Ireland worth $326M, with Other business services ($90.6M), Transportation ($54.5M), and Financial services ($49.6M) being the largest in terms of value.

In 2020, Ireland exported services to Greece worth $217M, with Other business services ($121M), Insurance services ($74.2M), and Financial services ($16M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Ireland () (2023)

Exports from Ireland () to Greece () (2023)

Latest Data

Trade between Greece () and Ireland ()

Greece Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Greece - Ireland

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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