Saudi Arabia (SAU) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Greece Trade: In 2022, Saudi Arabia exported $1.86B to Greece. The main products that Saudi Arabia exported to Greece were Crude Petroleum ($1.35B), Refined Petroleum ($192M), and Ethylene Polymers ($74.5M). Over the past 5 years the exports of Saudi Arabia to Greece have increased at an annualized rate of 13.2%, from $1B in 2017 to $1.86B in 2022.

In 2022, Saudi Arabia did not export any services to Greece.

Greece-Saudi Arabia Trade: In 2022, Greece exported $571M to Saudi Arabia. The main products that Greece exported to Saudi Arabia were Refined Petroleum ($254M), Other Large Iron Pipes ($106M), and Other Oily Seeds ($24.1M). Over the past 5 years the exports of Greece to Saudi Arabia have decreased at an annualized rate of 6.53%, from $800M in 2017 to $571M in 2022.

In 2022, Greece did not export any services to Saudi Arabia.

Comparison: In 2022, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Saudi Arabia exported $1.86B to Greece. The main products exported from Saudi Arabia to Greece were Crude Petroleum ($1.35B), Refined Petroleum ($192M), and Ethylene Polymers ($74.5M). During the last 5 years the exports of Saudi Arabia to Greece have increased at an annualized rate of 13.2%, from $1B in 2017 to $1.86B in 2022.

In 2017, Greece exported $571M to Saudi Arabia. The main products exported from Greece to Saudi Arabia were Refined Petroleum ($254M), Other Large Iron Pipes ($106M), and Other Oily Seeds ($24.1M). During the last 5 years the exports of Greece to Saudi Arabia have decreased at an annualized rate of 6.53%, from $800M in 2022 to $571M in 2017.

Exports from Saudi Arabia () to Greece () (2022)

Exports from Greece () to Saudi Arabia () (2022)

Latest Data

Trade between Saudi Arabia () and Greece ()

Saudi Arabia Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$68B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Saudi Arabia than Greece included China ($68B), India ($46.2B), and Japan ($36.5B).

In 2022, countries that imported more from Greece than Saudi Arabia included Bulgaria ($3.62B), Cyprus ($2.92B), and Libya ($1.95B).

Difference in imports from Greece () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Saudi Arabia had a large net trade with Greece in the exports of Mineral Products ($1.54B), Plastics and Rubbers ($143M), and Chemical Products ($123M).

During 2017, Greece had a large net trade with Saudi Arabia in the exports of Mineral Products ($261M), Metals ($125M), and Foodstuffs ($44.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Greece+$278MCrude Petroleum

Top Product Potential Greece Saudi Arabia+$65.7MRefined 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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Greece () (2022)

Exports from Greece () to Saudi Arabia () (2022)

Latest Data

Trade between Saudi Arabia () and Greece ()

Saudi Arabia Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Greece () (2022)

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