Flag Italy / Greece Flag

2020
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Exports
: $4.8B, Rnk 21 / 213

2020
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Top Product
: $264M, Packaged Medicaments

2020
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Exports
: $3.39B, Rnk 1 / 213

2020
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Top Product
: $430M, Refined Petroleum

2020
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Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
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Economic Complexity (ECI)
: ECI 0.26, Rnk 49 / 127

2020
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GDP
: $1.89T, CURRENT US$
Rnk 8 / 195

2010-2020
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GDP GROWTH
: -11.5%, CURRENT US$
Rnk 179 / 195

2020
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 GDP
: $189B, CURRENT US$
Rnk 51 / 195

2010-2020
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GDP GROWTH
: -36.4%, CURRENT US$
Rnk 191 / 195

2020
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GDP PC 
: $31,714, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP PC GROWTH
: -11.9%, CURRENT US$
Rnk 166 / 195

2020
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GDP PC
: $17,623, CURRENT US$
Rnk 50 / 195

2010-2020
Flag
GDP PC GROWTH
: -34%, CURRENT US$
Rnk 185 / 195

Italy-Greece In 2020, Italy exported $4.8B to Greece. The main products that Italy exported to Greece are Packaged Medicaments ($264M), Passenger and Cargo Ships ($138M), and Vaccines, blood, antisera, toxins and cultures ($88.7M). During the last 25 years the exports of Italy to Greece have increased at an annualized rate of 0.32%, from $4.43B in 1995 to $4.8B in 2020.

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 2020, Greece exported $3.39B to Italy. The main products that Greece exported to Italy were Refined Petroleum ($430M), Pure Olive Oil ($338M), and Computers ($244M). During the last 25 years the exports of Greece to Italy have increased at an annualized rate of 3.1%, from $1.58B in 1995 to $3.39B in 2020.

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 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B). That same year, Greece ranked 49 in the Economic Complexity Index (ECI 0.26), and 56 in total exports ($35.8B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Italy exported $4.8B to Greece. The main products exported from Italy to Greece were Packaged Medicaments ($264M), Passenger and Cargo Ships ($138M), and Vaccines, blood, antisera, toxins and cultures ($88.7M). During the last 25 years the exports of Italy to Greece have increased at an annualized rate of 0.32%, from $4.43B in 1995 to $4.8B in 2020.

In 2020, Greece exported $3.39B to Italy. The main products exported from Greece to Italy were Refined Petroleum ($430M), Pure Olive Oil ($338M), and Computers ($244M). During the last 25 years the exports of Greece to Italy have increased at an annualized rate of 3.1%, from $1.58B in 1995 to $3.39B in 2020.

Greece Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $62.1B

Greece
Top Destination
: Italy, $3.39B

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 ($62.1B), France ($49.5B), and United States ($47.9B).

In 2019, countries that imported more from Greece than Italy were Cyprus ($2B), North Macedonia ($586M), and Lebanon ($798M).

Comparative Advantage Italy - Greece

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Flow

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

During 2020, Italy had a large net trade with Greece in the exports of Machines ($961M), Chemical Products ($777M), and Transportation ($427M).

During 2020, Greece had a large net trade with Italy in the exports of Metals ($617M), Mineral Products ($502M), and Animal Products ($409M).

Bilateral Service Trade

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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.

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 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.