2023
Flag  
GDP
$243BCURRENT US$
Rnk 54 / 195
2013-2023
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GDP GROWTH
2.93%CURRENT US$
Rnk 166 / 195
2023
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 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
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GDP PC 
$23,401CURRENT US$
Rnk 53 / 195
2013-2023
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GDP PC GROWTH
8.47%CURRENT US$
Rnk 139 / 195
2023
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GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
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GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Greece-South Korea Trade: In 2023, Greece exported $647M to South Korea. The main products that Greece exported to South Korea were Refined Petroleum ($450M), Packaged Medicaments ($105M), and Raw Tobacco ($7.66M). Over the past 5 years the exports of Greece to South Korea have increased at an annualized rate of 1.22%, from $609M in 2018 to $647M in 2023.

In 2020, Greece exported services to South Korea worth $248M, with Transportation ($242M), Travel ($3.08M), and Other business services ($1.48M) being the largest in terms of value.

South Korea-Greece Trade: In 2023, South Korea exported $477M to Greece. The main products that South Korea exported to Greece were Cars ($92.1M), Polycarboxylic Acids ($40.4M), and Hot-Rolled Iron ($37.4M). Over the past 5 years the exports of South Korea to Greece have decreased at an annualized rate of 16.3%,  from $1.16B in 2018 to $477M in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Greece exported $647M to South Korea. The main products exported from Greece to South Korea were Refined Petroleum ($450M), Packaged Medicaments ($105M), and Raw Tobacco ($7.66M). During the last 5 years the exports of Greece to South Korea have increased at an annualized rate of 1.22%, from $609M in 2018 to $647M in 2023.

In 2018, South Korea exported $477M to Greece. The main products exported from South Korea to Greece were Cars ($92.1M), Polycarboxylic Acids ($40.4M), and Hot-Rolled Iron ($37.4M). During the last 5 years the exports of South Korea to Greece have decreased at an annualized rate of 16.3%, from $1.16B in 2023 to $477M in 2018.

Exports from Greece (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Greece (Flag) (2023)

Latest Data

Trade between Greece (Flag) and South Korea (Flag)

Greece Exports

South Korea Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$6.21B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Greece than South Korea included Cyprus ($3.03B), Bulgaria ($2.38B), and Libya ($1.71B).

In 2023, countries that imported more from South Korea than Greece included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Greece (Flag) (2023)

Comparative Advantage Greece - South Korea

Flow
Scale

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

During 2023, Greece had a large net trade with South Korea in the exports of Mineral Products ($452M), Chemical Products ($108M), and Foodstuffs ($25.1M).

During 2018, South Korea had a large net trade with Greece in the exports of Plastics and Rubbers ($112M), Transportation ($99.6M), and Machines ($80.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece South Korea+$81.9MRefined Petroleum
Top Product Potential South Korea Greece+$59.8MCars

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

Product Space of Greece (Flag) and South Korea (Flag) (2023)

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