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2023
Flag → Flag
Exports $1BRnk 68 / 220
2023
Flag → Flag
Top Product $200MRaw Aluminium
2023
Flag → Flag
Exports $735MRnk 19 / 214
2023
Flag → Flag
Top Product $502MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.4Rnk 46 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$243BCURRENT US$
Rnk 54 / 195
2013-2023
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GDP GROWTH2.93%CURRENT US$
Rnk 166 / 195
2023
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GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
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GDP PC$23,401CURRENT US$
Rnk 53 / 196
2013-2023
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GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195

About

India-Greece Trade: In 2023, India exported $1B to Greece. The main products that India exported to Greece were Raw Aluminium ($200M), Coated Flat-Rolled Iron ($51M), and Refined Petroleum ($46.4M). Over the past 5 years the exports of India to Greece have increased at an annualized rate of 14%, from $520M in 2018 to $1B in 2023.

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

Greece-India Trade: In 2023, Greece exported $735M to India. The main products that Greece exported to India were Crude Petroleum ($502M), Refined Petroleum ($47.8M), and Recovered Paper ($28.9M). Over the past 5 years the exports of Greece to India have increased at an annualized rate of 26.2%,  from $230M in 2018 to $735M in 2023.

In 2020, Greece exported services to India worth $612M, with Transportation ($601M), Travel ($7.08M), and Other business services ($1.71M) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $82M and imported $53.2M from Greece, resulting in a positive trade balance of $28.8M. Between November 2023 and November 2024 the exports of India have increased by $24.7M (43%) from $57.3M to $82M, while imports increased by $38.6M (265%) from $14.6M to $53.2M.

Trade In November 2024, the top exports of India to Greece were Marine Products ($8.03M), Iron And Steel ($4.19M), Rmg Manmade Fibres ($3.2M), Bulk Drugs, Drug Intermediates ($2.69M), and Rmg Cotton Incl Accessories ($2.41M). In November 2024 the top imports of India from Greece were Petroleum: Crude ($116M), Petroleum Products ($48.2M), Paper, Paper Board And Product ($3.53M), Fresh Fruits ($3.19M), and Iron And Steel ($2.47M).

Growth In November 2024, the increase in India's year-by-year exports to Greece was explained primarily by an increase in product exports in Tobacco Unmanufactured ($1.48M or 861%), Ceramics And Allied Products ($1.43M or 204%), and Organic Chemicals ($1.36M or 251%). In November 2024, the increase in India's year-by-year imports  from Greece was explained primarily by an increase in product imports  in Petroleum Products ($48.1M or 49.1k%), Paper, Paper Board And Product ($3.14M or 797%), and Fresh Fruits ($2.47M or 344%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$24.7M(43%)
IMPORT GROWTH (November 2023 - November 2024)$38.6M(265%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Greece and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $1B to Greece. The main products exported from India to Greece were Raw Aluminium ($200M), Coated Flat-Rolled Iron ($51M), and Refined Petroleum ($46.4M). During the last 5 years the exports of India to Greece have increased at an annualized rate of 14%, from $520M in 2018 to $1B in 2023.

In 2018, Greece exported $735M to India. The main products exported from Greece to India were Crude Petroleum ($502M), Refined Petroleum ($47.8M), and Recovered Paper ($28.9M). During the last 5 years the exports of Greece to India have increased at an annualized rate of 26.2%, from $230M in 2023 to $735M in 2018.

Exports from India (Flag) to Greece (Flag) (2023)

Exports from Greece (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from India than Greece included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Difference in imports from Greece (Flag) and India (Flag) (2023)

Comparative Advantage India - Greece

Flow
Scale

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

During 2023, India had a large net trade with Greece in the exports of Metals ($304M), Chemical Products ($149M), and Machines ($126M).

During 2018, Greece had a large net trade with India in the exports of Mineral Products ($563M), Metals ($72.1M), and Paper Goods ($29.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Greece+$161MRefined Petroleum
Top Product Potential Greece India+$198MRefined 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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Bilateral Service Trade

In 2020, Greece exported services to India worth $612M, with Transportation ($601M), Travel ($7.08M), and Other business services ($1.71M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to India (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Greece (Flag) (2023)

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