2023
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH
-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
 GDP
$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH
2.93%CURRENT US$
Rnk 166 / 195
2023
Flag
GDP PC 
$5,070CURRENT US$
Rnk 122 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC
$23,401CURRENT US$
Rnk 53 / 196
2013-2023
Flag
GDP PC GROWTH
8.47%CURRENT US$
Rnk 139 / 195

About

Ukraine-Greece Trade: In 2023, Ukraine exported $312M to Greece. The main products that Ukraine exported to Greece were Wheat ($76.5M), Corn ($40.6M), and Soybeans ($30.3M). Over the past 5 years the exports of Ukraine to Greece have increased at an annualized rate of 2.58%, from $275M in 2018 to $312M in 2023.

In 2023, Ukraine did not export any services to Greece.

Greece-Ukraine Trade: In 2023, Greece exported $1.22B to Ukraine. The main products that Greece exported to Ukraine were Refined Petroleum ($1.02B), Mixed Mineral or Chemical Fertilizers ($25.9M), and Packaged Medicaments ($21.4M). Over the past 5 years the exports of Greece to Ukraine have increased at an annualized rate of 35.2%,  from $270M in 2018 to $1.22B in 2023.

In 2003, Greece exported services to Ukraine worth $22.1M, with Travel ($18.1M), Transportation ($2.63M), and Personal, cultural, and recreational services ($695k) being the largest in terms of value.

Comparison: In 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ukraine exported $312M to Greece. The main products exported from Ukraine to Greece were Wheat ($76.5M), Corn ($40.6M), and Soybeans ($30.3M). During the last 5 years the exports of Ukraine to Greece have increased at an annualized rate of 2.58%, from $275M in 2018 to $312M in 2023.

In 2018, Greece exported $1.22B to Ukraine. The main products exported from Greece to Ukraine were Refined Petroleum ($1.02B), Mixed Mineral or Chemical Fertilizers ($25.9M), and Packaged Medicaments ($21.4M). During the last 5 years the exports of Greece to Ukraine have increased at an annualized rate of 35.2%, from $270M in 2023 to $1.22B in 2018.

Exports from Ukraine (Flag) to Greece (Flag) (2023)

Exports from Greece (Flag) to Ukraine (Flag) (2023)

Latest Data

Trade between Ukraine (Flag) and Greece (Flag)

Ukraine Exports

Greece Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$4.83B
Greece
Top Destination
Italy$6.21B

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

In 2023, countries that imported more from Ukraine than Greece included Poland ($4.83B), China ($2.5B), and Romania ($3.56B).

In 2023, countries that imported more from Greece than Ukraine included Italy ($6.21B), Cyprus ($3.03B), and Libya ($1.71B).

Difference in imports from Greece (Flag) and Ukraine (Flag) (2023)

Comparative Advantage Ukraine - Greece

Flow
Scale

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

During 2023, Ukraine had a large net trade with Greece in the exports of Vegetable Products ($185M), Metals ($52M), and Foodstuffs ($20.7M).

During 2018, Greece had a large net trade with Ukraine in the exports of Mineral Products ($1.04B), Chemical Products ($58.6M), and Vegetable Products ($54.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Greece+$11.6MCorn
Top Product Potential Greece Ukraine+$45.1MRefined 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

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

Product Space of Ukraine (Flag) and Greece (Flag) (2023)

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