Greece (GRC) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Greece-Vietnam Trade: In 2023, Greece exported $55.1M to Vietnam. The main products that Greece exported to Vietnam were Packaged Medicaments ($25.1M), Raw Cotton ($7.27M), and Razor Blades ($2.18M). Over the past 5 years the exports of Greece to Vietnam have decreased at an annualized rate of 4.79%, from $70.4M in 2018 to $55.1M in 2023.

In 2023, Greece did not export any services to Vietnam.

Vietnam-Greece Trade: In 2023, Vietnam exported $382M to Greece. The main products that Vietnam exported to Greece were Broadcasting Equipment ($152M), Utility Meters ($30M), and Coconuts, Brazil Nuts, and Cashews ($15.3M). Over the past 5 years the exports of Vietnam to Greece have increased at an annualized rate of 10.1%, from $236M in 2018 to $382M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $55.1M to Vietnam. The main products exported from Greece to Vietnam were Packaged Medicaments ($25.1M), Raw Cotton ($7.27M), and Razor Blades ($2.18M). During the last 5 years the exports of Greece to Vietnam have decreased at an annualized rate of 4.79%, from $70.4M in 2018 to $55.1M in 2023.

In 2018, Vietnam exported $382M to Greece. The main products exported from Vietnam to Greece were Broadcasting Equipment ($152M), Utility Meters ($30M), and Coconuts, Brazil Nuts, and Cashews ($15.3M). During the last 5 years the exports of Vietnam to Greece have increased at an annualized rate of 10.1%, from $236M in 2023 to $382M in 2018.

Exports from Greece () to Vietnam () (2023)

Exports from Vietnam () to Greece () (2023)

Latest Data

Trade between Greece () and Vietnam ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Greece than Vietnam included Cyprus ($3.03B), Bulgaria ($2.38B), and Romania ($2.09B).

In 2023, countries that imported more from Vietnam than Greece included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Greece - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Vietnam in the exports of Chemical Products ($28.7M), Textiles ($7.6M), and Mineral Products ($3.65M).

During 2018, Vietnam had a large net trade with Greece in the exports of Machines ($177M), Instruments ($31M), and Vegetable Products ($29.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Vietnam+$14.3MPackaged Medicaments

Top Product Potential Vietnam Greece+$67.9MTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Vietnam () (2023)

Exports from Vietnam () to Greece () (2023)

Latest Data

Trade between Greece () and Vietnam ()

Greece Exports

Market Competitiveness

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

Comparative Advantage Greece - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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