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2022
Flag → Flag
Exports $6.73BRnk 19 / 221
2022
Flag → Flag
Top Product $335MRefined Petroleum
2022
Flag → Flag
Exports $5.82BRnk 1 / 208
2022
Flag → Flag
Top Product $957MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Italy-Greece Trade: In 2022, Italy exported $6.73B to Greece. The main products that Italy exported to Greece were Refined Petroleum ($335M), Packaged Medicaments ($318M), and Electricity ($191M). Over the past 5 years the exports of Italy to Greece have increased at an annualized rate of 8.32%, from $4.51B in 2017 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 Trade: 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). Over the past 5 years the exports of Greece to Italy have increased at an annualized rate of 12.7%,  from $3.2B in 2017 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 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €598M and imported €348M from Greece, resulting in a positive trade balance of €250M. Between July 2023 and July 2024 the exports of Italy have increased by €99.8M (20%) from €499M to €598M, while imports decreased by €-89.9M (-20.5%) from €438M to €348M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€99.8M(20%)
IMPORT GROWTH (July 2023 - July 2024)€-89.9M(-20.5%)

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.

For full datasets download visit Bulk Download page.

Explore Greece and Italy Data

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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 5 years the exports of Italy to Greece have increased at an annualized rate of 8.32%, from $4.51B in 2017 to $6.73B in 2022.

In 2017, 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 5 years the exports of Greece to Italy have increased at an annualized rate of 12.7%, from $3.2B in 2022 to $5.82B in 2017.

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 2022, countries that imported more from Italy than Greece included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Greece than Italy included 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 2017, Greece had a large net trade with Italy in the exports of Mineral Products ($1.19B), Metals ($851M), and Machines ($660M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Greece+$96.4MRefined Petroleum
Top Product Potential Greece Italy+$147MRefined 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, 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)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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