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2022
Flag → Flag
Exports $99.5MRnk 72 / 214
2022
Flag → Flag
Top Product $19.3MRaw Aluminium
2022
Flag → Flag
Exports $131MRnk 59 / 208
2022
Flag → Flag
Top Product $18.4MPetroleum Coke
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
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GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
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 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
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GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
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GDP PC$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

South Africa-Greece Trade: In 2022, South Africa exported $99.5M to Greece. The main products that South Africa exported to Greece were Raw Aluminium ($19.3M), Scrap Aluminium ($11M), and Delivery Trucks ($8.98M). Over the past 5 years the exports of South Africa to Greece have increased at an annualized rate of 4.45%, from $80M in 2017 to $99.5M in 2022.

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

Greece-South Africa Trade: In 2022, Greece exported $131M to South Africa. The main products that Greece exported to South Africa were Petroleum Coke ($18.4M), Packaged Medicaments ($15.3M), and Insulated Wire ($10.8M). Over the past 5 years the exports of Greece to South Africa have increased at an annualized rate of 7.99%,  from $89.5M in 2017 to $131M in 2022.

In 2020, Greece exported services to South Africa worth $324M, with Transportation ($315M), Travel ($4.11M), and Other business services ($3.77M) being the largest in terms of value.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Latest Trends

August, 2024

About

Overview In August 2024, South Africa exported ZAR361M and imported ZAR140M from Greece, resulting in a positive trade balance of ZAR221M. Between August 2023 and August 2024 the exports of South Africa have increased by ZAR314M (671%) from ZAR46.8M to ZAR361M, while imports decreased by ZAR-38.4M (-21.6%) from ZAR178M to ZAR140M.

Trade In August 2024, the top exports of South Africa to Greece were Molluscs (ZAR25.8M), Ethylene Polymers (ZAR7.59M), Refined Petroleum (ZAR6.67M), Processed Fish (ZAR1.67M), and Non-fillet Frozen Fish (ZAR1.66M). In August 2024 the top imports of South Africa from Greece were Petroleum Coke (ZAR76.1M), Insulated Wire (ZAR34.8M), Packaged Medicaments (ZAR24.8M), Iron Structures (ZAR20.9M), and Metal Stoppers (ZAR16M).

Origins In August 2024 the exports of South Africa were mainly from Richards Bay (ZAR265M), Cape Town (ZAR52.2M), Durban (ZAR26.2M), Port Elizabeth (ZAR4.15M), and Germiston/Alberton (ZAR4.02M), while imports destinations were mainly Durban (ZAR80.5M), Cape Town (ZAR28.3M), O.R. Tambo Int Airport (ZAR24.3M), Port Elizabeth (ZAR3.69M), and Cape Town Int Airport (ZAR2.22M).

Growth In August 2024, the increase in South Africa's year-by-year exports to Greece was explained primarily by an increase in product exports in Molluscs (ZAR12.2M or 90.6%), Refined Petroleum (ZAR6.58M or 7.11k%), and Orthopedic Appliances (ZAR312k or 137%). In August 2024, the decrease in South Africa's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Packaged Medicaments (ZAR-12M or -32.7%), Other Fruits (ZAR-4.38M or -59.7%), and Refined Petroleum (ZAR-2.79M or -54.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)ZAR314M(671%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-38.4M(-21.6%)
MAIN EXPORTER (August 2024)Richards BayZAR265M

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

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

For full datasets download visit Bulk Download page.

Explore Greece and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $99.5M to Greece. The main products exported from South Africa to Greece were Raw Aluminium ($19.3M), Scrap Aluminium ($11M), and Delivery Trucks ($8.98M). During the last 5 years the exports of South Africa to Greece have increased at an annualized rate of 4.45%, from $80M in 2017 to $99.5M in 2022.

In 2017, Greece exported $131M to South Africa. The main products exported from Greece to South Africa were Petroleum Coke ($18.4M), Packaged Medicaments ($15.3M), and Insulated Wire ($10.8M). During the last 5 years the exports of Greece to South Africa have increased at an annualized rate of 7.99%, from $89.5M in 2022 to $131M in 2017.

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

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

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from South Africa than Greece included China ($23.4B), India ($9.14B), and Japan ($8.85B).

In 2022, countries that imported more from Greece than South Africa included Bulgaria ($3.62B), Italy ($5.82B), and Cyprus ($2.92B).

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

Comparative Advantage South Africa - Greece

Flow
Scale

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

During 2022, South Africa had a large net trade with Greece in the exports of Metals ($35.6M), Foodstuffs ($13.2M), and Transportation ($12.1M).

During 2017, Greece had a large net trade with South Africa in the exports of Metals ($27.1M), Machines ($25.3M), and Mineral Products ($25.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Greece+$8.71MRaw Aluminium
Top Product Potential Greece South Africa+$11.4MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Greece exported services to South Africa worth $324M, with Transportation ($315M), Travel ($4.11M), and Other business services ($3.77M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to South Africa (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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