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2022
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Exports $6.73BRnk 19 / 221
2022
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Top Product $335MRefined Petroleum
2022
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Exports $5.82BRnk 1 / 208
2022
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Top Product $957MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.32Rnk 47 / 124
2022
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GDP$2.01TCURRENT US$
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2012-2022
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GDP GROWTH-3.67%CURRENT US$
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2022
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 GDP$219BCURRENT US$
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2012-2022
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GDP GROWTH-9.49%CURRENT US$
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2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
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2022
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GDP PC$20,732CURRENT US$
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2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
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About

Italy-Greece In 2022, Italy exported $6.73B to Greece. The main products that Italy exported to Greece are Refined Petroleum ($335M), Packaged Medicaments ($318M), and Electricity ($191M). During the last 27 years the exports of Italy to Greece have increased at an annualized rate of 1.55%, from $4.44B in 1995 to $6.73B in 2022.

In 2020, Italy exported services to Greece worth $449M, with Transportation ($130M), Other business services ($122M), and Travel ($58M) being the largest in terms of value.

Greece-Italy In 2022, Greece exported $5.82B to Italy. The main products that Greece exported to Italy were Refined Petroleum ($957M), Pure Olive Oil ($525M), and Raw Aluminium ($338M). During the last 27 years the exports of Greece to Italy have increased at an annualized rate of 4.95%, from $1.58B in 1995 to $5.82B in 2022.

In 2020, Greece exported services to Italy worth $752M, with Transportation ($329M), Travel ($249M), and Other business services ($82.4M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €399M and imported €280M from Greece, resulting in a positive trade balance of €118M. Between December 2022 and December 2023 the exports of Italy have decreased by €-37.6M (-8.63%) from €436M to €399M, while imports decreased by €-340M (-54.8%) from €621M to €280M.

Trade In December 2023, the top exports of Italy to Greece were Refined Petroleum (€65.3M), Electricity (€30.3M), Packaged Medicaments (€29.3M), Cars (€17.4M), and Coffee (€8.51M). In December 2023 the top imports of Italy from Greece were Pure Olive Oil (€144M), Refined Petroleum (€59.2M), Raw Aluminium (€18.7M), Non-fillet Fresh Fish (€16.6M), and Electricity (€15.3M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Greece was explained primarily by an decrease in product exports in Electricity (€-7.49M or -19.8%), Mixed Mineral or Chemical Fertilizers (€-5.37M or -94.3%), and Tissue (€-3.67M or -95.8%). In December 2023, the decrease in Italy's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Refined Petroleum (€-23.9M or -28.8%), Computers (€-9.58M or -42.7%), and Wheat (€-7.65M or -48.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-37.6M(-8.63%)
IMPORT GROWTH (December 2022 - December 2023)€-340M(-54.8%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $6.73B to Greece. The main products exported from Italy to Greece were Refined Petroleum ($335M), Packaged Medicaments ($318M), and Electricity ($191M). During the last 27 years the exports of Italy to Greece have increased at an annualized rate of 1.55%, from $4.44B in 1995 to $6.73B in 2022.

In 2022, Greece exported $5.82B to Italy. The main products exported from Greece to Italy were Refined Petroleum ($957M), Pure Olive Oil ($525M), and Raw Aluminium ($338M). During the last 27 years the exports of Greece to Italy have increased at an annualized rate of 4.95%, from $1.58B in 1995 to $5.82B in 2022.

Exports from Italy (Flag) to Greece (Flag) (2022)

Exports from Greece (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Greece
Top DestinationItaly$5.82B

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

In 2021, countries that imported more from Italy than Greece were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Greece than Italy were Cyprus ($2.92B), North Macedonia ($1.7B), and Lebanon ($1.78B).

Difference in imports from Greece (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Greece

Flow
Scale

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

During 2022, Italy had a large net trade with Greece in the exports of Machines ($1.19B), Chemical Products ($893M), and Mineral Products ($621M).

During 2022, Greece had a large net trade with Italy in the exports of Mineral Products ($1.19B), Metals ($851M), and Machines ($660M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Greece worth $449M, with Transportation ($130M), Other business services ($122M), and Travel ($58M) being the largest in terms of value.

In 2020, Greece exported services to Italy worth $752M, with Transportation ($329M), Travel ($249M), and Other business services ($82.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Greece. Similarly, the more yellow a dot/product is, the more Greece has comparative advantage over Italy.

Product Space of Italy (Flag) and Greece (Flag) (2022)

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