Greece (GRC) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Greece-Saudi Arabia Trade: In 2022, Greece exported $800M to Saudi Arabia. The main products that Greece exported to Saudi Arabia were Refined Petroleum ($254M), Other Large Iron Pipes ($106M), and Other Oily Seeds ($24.1M). Over the past 5 years the exports of Greece to Saudi Arabia have increased at an annualized rate of 48%, from $113M in 2017 to $800M in 2022.

In 2022, Greece did not export any services to Saudi Arabia.

Saudi Arabia-Greece Trade: In 2022, Saudi Arabia exported $1B to Greece. The main products that Saudi Arabia exported to Greece were Crude Petroleum ($1.35B), Refined Petroleum ($192M), and Ethylene Polymers ($74.5M). Over the past 5 years the exports of Saudi Arabia to Greece have increased at an annualized rate of 32.6%, from $244M in 2017 to $1B in 2022.

In 2022, Saudi Arabia did not export any services to Greece.

Comparison: In 2022, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greece exported $800M to Saudi Arabia. The main products exported from Greece to Saudi Arabia were Refined Petroleum ($254M), Other Large Iron Pipes ($106M), and Other Oily Seeds ($24.1M). During the last 5 years the exports of Greece to Saudi Arabia have increased at an annualized rate of 48%, from $113M in 2017 to $800M in 2022.

In 2017, Saudi Arabia exported $1B to Greece. The main products exported from Saudi Arabia to Greece were Crude Petroleum ($1.35B), Refined Petroleum ($192M), and Ethylene Polymers ($74.5M). During the last 22 years the exports of Saudi Arabia to Greece have increased at an annualized rate of 32.6%, from $244M in 1995 to $1B in 2017.

Exports from Greece () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Greece () (2022)

Latest Data

Trade between Greece () and Saudi Arabia ()

Greece Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Saudi Arabia
Top DestinationChina$68B

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

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

In 2022, countries that imported more from Saudi Arabia than Greece included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia () and Greece () (2022)

Comparative Advantage Greece - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Saudi Arabia in the exports of Mineral Products ($261M), Metals ($125M), and Foodstuffs ($44.3M).

During 2017, Saudi Arabia had a large net trade with Greece in the exports of Mineral Products ($1.54B), Plastics and Rubbers ($143M), and Chemical Products ($123M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Saudi Arabia+$65.7MRefined Petroleum

Top Product Potential Saudi Arabia Greece+$278MCrude Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Greece () (2022)

Latest Data

Trade between Greece () and Saudi Arabia ()

Greece Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Greece () (2022)

Comparative Advantage Greece - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and Saudi Arabia () (2022)

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