Flag Italy / Greece Flag

2019
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Exports
: $5.21B, Rnk 23 / 224

2019
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Top Product
: $229M, Packaged Medicaments

2019
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Exports
: $3.67B, Rnk 1 / 208

2019
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Top Product
: $769M, Refined Petroleum

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 0.35, Rnk 52 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $210B, CURRENT US$
Rnk 50 / 187

2009-2019
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GDP GROWTH
: -36.4%, CURRENT US$
Rnk 186 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC
: $19,583, CURRENT US$
Rnk 47 / 187

2009-2019
Flag
GDP PC GROWTH
: -34.1%, CURRENT US$
Rnk 185 / 187

Italy-Greece In 2019, Italy exported $5.21B to Greece. The main products that Italy exported to Greece are Packaged Medicaments ($229M), Refined Petroleum ($160M), and Electricity ($115M). During the last 24 years the exports of Italy to Greece have increased at an annualized rate of 0.72%, from $4.38B in 1995 to $5.21B in 2019.

In 2018, Italy exported services to Greece worth $606M, with Transportation ($221M), Travel ($194M), and Other business services ($87.8M) being the largest in terms of value.

Greece-Italy In 2019, Greece exported $3.67B to Italy . The main products that Greece exported to Italy were Refined Petroleum ($769M), Computers ($286M), and Raw Aluminium ($231M). During the last 24 years the exports of Greece to Italy have increased at an annualized rate of 3.72%, from $1.52B in 1995 to $3.67B in 2019.

In 2018, Greece exported services to Italy worth $1.76B, with Travel ($1.12B), Transportation ($474M), and Other business services ($69M) being the largest in terms of value.

Comparison In 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Greece ranked 52 in the Economic Complexity Index (ECI 0.35), and 58 in total exports ($37B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $5.21B to Greece. The main products exported from Italy to Greece were Packaged Medicaments ($229M), Refined Petroleum ($160M), and Electricity ($115M). During the last 24 years the exports of Italy to Greece have increased at an annualized rate of 0.72%, from $4.38B in 1995 to $5.21B in 2019.

In 2019, Greece exported $3.67B to Italy. The main products exported from Greece to Italy were Refined Petroleum ($769M), Computers ($286M), and Raw Aluminium ($231M). During the last 24 years the exports of Greece to Italy have increased at an annualized rate of 3.72%, from $1.52B in 1995 to $3.67B in 2019.

Greece Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Greece
Top Destination
: Italy, $3.67B

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 2019, countries that imported more from Italy than Greece were Germany ($64.5B), France ($54.9B), and United States ($51.8B).

In 2019, countries that imported more from Greece than Italy were Cyprus ($1.96B), North Macedonia ($831M), and Liberia ($186M).

Comparative Advantage Italy - Greece

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Depth

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

During 2019, Italy had a large net trade with Greece in the exports of Machines ($993M), Chemical Products ($805M), and Textiles ($432M).

During 2019, Greece had a large net trade with Italy in the exports of Mineral Products ($881M), Metals ($613M), and Machines ($441M).

Bilateral Service Trade

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In 2018, Italy exported services to Greece worth $606M, with Transportation ($221M), Travel ($194M), and Other business services ($87.8M) being the largest in terms of value.

In 2018, Greece exported services to Italy worth $1.76B, with Travel ($1.12B), Transportation ($474M), and Other business services ($69M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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