Turkey (TUR) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Turkey-Greece Trade: In 2022, Turkey exported $3.28B to Greece. The main products that Turkey exported to Greece were Refined Petroleum ($347M), Raw Aluminium ($145M), and Cars ($140M). Over the past 5 years the exports of Turkey to Greece have increased at an annualized rate of 13.9%, from $1.71B in 2017 to $3.28B in 2022.

In 2009, Turkey exported services to Greece worth $258M, with Travel ($254M) and Other business services ($4.13M) being the largest in terms of value.

Greece-Turkey Trade: In 2022, Greece exported $2.54B to Turkey. The main products that Greece exported to Turkey were Refined Petroleum ($1.09B), Raw Cotton ($335M), and Aluminium Plating ($99.2M). Over the past 5 years the exports of Greece to Turkey have increased at an annualized rate of 3.08%, from $2.18B in 2017 to $2.54B in 2022.

In 2022, Greece did not export any services to Turkey.

Comparison: In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $3.28B to Greece. The main products exported from Turkey to Greece were Refined Petroleum ($347M), Raw Aluminium ($145M), and Cars ($140M). During the last 5 years the exports of Turkey to Greece have increased at an annualized rate of 13.9%, from $1.71B in 2017 to $3.28B in 2022.

In 2017, Greece exported $2.54B to Turkey. The main products exported from Greece to Turkey were Refined Petroleum ($1.09B), Raw Cotton ($335M), and Aluminium Plating ($99.2M). During the last 5 years the exports of Greece to Turkey have increased at an annualized rate of 3.08%, from $2.18B in 2022 to $2.54B in 2017.

Exports from Turkey () to Greece () (2022)

Exports from Greece () to Turkey () (2022)

Latest Data

Trade between Turkey () and Greece ()

Turkey Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Turkey than Greece included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, countries that imported more from Greece than Turkey included Gibraltar ($1.27B), Cyprus ($2.92B), and North Macedonia ($1.7B).

Difference in imports from Greece () and Turkey () (2022)

Comparative Advantage Turkey - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Greece in the exports of Metals ($735M), Mineral Products ($517M), and Machines ($390M).

During 2017, Greece had a large net trade with Turkey in the exports of Mineral Products ($1.16B), Textiles ($372M), and Metals ($276M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Greece+$150MRefined Petroleum

Top Product Potential Greece Turkey+N/AN/A

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 Turkey and Greece. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Turkey.

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Greece () (2022)

Exports from Greece () to Turkey () (2022)

Latest Data

Trade between Turkey () and Greece ()

Turkey Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Turkey () (2022)

Comparative Advantage Turkey - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Turkey () and Greece () (2022)

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