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Pricing

2022
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Exports $1.24BRnk 50 / 220
2022
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Top Product $772MPassenger and Cargo Ships
2022
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Exports $811MRnk 18 / 208
2022
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Top Product $627MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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Economic Complexity (ECI) ECI 0.32Rnk 47 / 124
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%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 $32,255CURRENT US$
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2012-2022
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GDP PC GROWTH26.7%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

South Korea-Greece In 2022, South Korea exported $1.24B to Greece. The main products that South Korea exported to Greece are Passenger and Cargo Ships ($772M), Cars ($69.8M), and Ethylene Polymers ($38M). During the last 27 years the exports of South Korea to Greece have increased at an annualized rate of 4.43%, from $384M in 1995 to $1.24B in 2022.

In 2022, South Korea did not export any services to Greece.

Greece-South Korea In 2022, Greece exported $811M to South Korea. The main products that Greece exported to South Korea were Refined Petroleum ($627M), Packaged Medicaments ($82.3M), and Centrifuges ($9.36M). During the last 27 years the exports of Greece to South Korea have increased at an annualized rate of 13.2%, from $28.8M in 1995 to $811M in 2022.

In 2020, Greece exported services to South Korea worth $248M, with Transportation ($242M), Travel ($3.08M), and Other business services ($1.48M) being the largest in terms of value.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B).

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $41.1M and imported $6.52M from Greece, resulting in a positive trade balance of $34.5M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-191M (-82.3%) from $232M to $41.1M, while imports decreased by $-101M (-93.9%) from $107M to $6.52M.

Trade In February 2024, the top exports of South Korea to Greece were Plastics & articles thereof ($11M), Cars, tractors, trucks & parts thereof. ($7.81M), Organic chemicals ($5.92M), Electrical machinery and electronics ($3.67M), and Machinery, mechanical appliances, & parts ($3.64M). In February 2024 the top imports of South Korea from Greece were Mineral fuels, mineral oils and products... ($64.9M), Pharmaceutical products ($8.59M), Copper articles ($1.49M), Paper articles ($657k), and Edible fruits, nuts & fruit peels ($551k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Greece was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-1.27M or -14%), Machinery, mechanical appliances, & parts ($-476k or -11.6%), and Iron or steel articles ($-435k or -66%). In February 2024, the decrease in South Korea's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-57.1M or -46.8%), Pharmaceutical products ($-7.11M or -45.3%), and Tobacco & substitutes ($-446k or -64.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$-191M(-82.3%)
IMPORT GROWTH (February 2023 - February 2024)$-101M(-93.9%)

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

To check Greece and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.24B to Greece. The main products exported from South Korea to Greece were Passenger and Cargo Ships ($772M), Cars ($69.8M), and Ethylene Polymers ($38M). During the last 27 years the exports of South Korea to Greece have increased at an annualized rate of 4.43%, from $384M in 1995 to $1.24B in 2022.

In 2022, Greece exported $811M to South Korea. The main products exported from Greece to South Korea were Refined Petroleum ($627M), Packaged Medicaments ($82.3M), and Centrifuges ($9.36M). During the last 27 years the exports of Greece to South Korea have increased at an annualized rate of 13.2%, from $28.8M in 1995 to $811M in 2022.

Exports from South Korea (Flag) to Greece (Flag) (2022)

Exports from Greece (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Greece
Top DestinationItaly$5.82B

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

In 2021, countries that imported more from South Korea than Greece were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from Greece than South Korea were Bulgaria ($3.62B), Cyprus ($2.92B), and North Macedonia ($1.7B).

Difference in imports from Greece (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Greece

Flow
Scale

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

During 2022, South Korea had a large net trade with Greece in the exports of Transportation ($844M), Plastics and Rubbers ($108M), and Machines ($102M).

During 2022, Greece had a large net trade with South Korea in the exports of Mineral Products ($632M), Chemical Products ($84.8M), and Machines ($24.6M).

Service Trade

Bilateral Service Trade

In 2020, Greece exported services to South Korea worth $248M, with Transportation ($242M), Travel ($3.08M), and Other business services ($1.48M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to South Korea (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 South Korea has comparative advantage over Greece. Similarly, the more yellow a dot/product is, the more Greece has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Greece (Flag) (2022)

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