2023
Exports
$14.9BWorld Rnk 16 / 214
Flag Rnk 1 / 1205
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$4.72BWorld Rnk 45 / 226
Flag Rnk 2 / 1211
2023
ECONOMIC COMPLEXITY of Greece
0.4Rnk 46 / 132

About

Exports In 2023, Greece exported $14.9B in Refined Petroleum, making it the 16th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Greece. The main destination of Refined Petroleum exports from Greece are: Lebanon ($1.66B), Libya ($1.58B), Gibraltar ($1.24B), Saudi Arabia ($1.17B), and Italy ($1.15B).

The fastest growing export markets for Refined Petroleum of Greece between 2022 and 2023 were Ukraine ($502M), Italy ($263M), and Netherlands ($191M).

Imports In 2023, Greece imported $4.72B in Refined Petroleum, becoming the 45th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Greece. Greece imports Refined Petroleum primarily from: Turkmenistan ($705M), Russia ($555M), Iraq ($500M), Italy ($442M), and Kazakhstan ($364M).

The fastest growing import markets in Refined Petroleum for Greece between 2022 and 2023 were Turkmenistan ($683M), Iraq ($336M), and Kazakhstan ($307M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$14.9B
IMPORTS (2023)$4.72B
NET TRADE (2023)$10.2B

In 2023, Greece exported $14.9B in Refined Petroleum. The main destinations of Greece exports on Refined Petroleum were Lebanon ($1.66B), Libya ($1.58B), Gibraltar ($1.24B), Saudi Arabia ($1.17B), and Italy ($1.15B).

In 2023, Greece imported $4.72B in Refined Petroleum, mainly from Turkmenistan ($705M), Russia ($555M), Iraq ($500M), Italy ($442M), and Kazakhstan ($364M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Greece WERE (2022 - 2023):
Ukraine$502M (96.3%)
Italy$263M (29.6%)
Netherlands$191M (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Greece WERE (2022 - 2023):
India-$358M (-88.2%)
Turkey-$358M (-38.9%)
Singapore-$293M (-49.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Greece's main exporting competitors in Refined Petroleum were:
In 2023, Greece's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $433M
TOP IMPORT POTENTIALSaudi Arabia+ $190M

Refined Petroleum’s highest export potential is United States. With an export gap of $433M.   Refined Petroleum’s highest import potential is Saudi Arabia with an import gap of $190M.

See methodology.

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