2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186

About

Australia-Greece Trade: In 2022, Australia exported $40.3M to Greece. The main products that Australia exported to Greece were Scrap Aluminium ($7.25M), Scrap Copper ($5.44M), and Stone Processing Machines ($2.65M). Over the past 5 years the exports of Australia to Greece have increased at an annualized rate of 14.7%, from $20.3M in 2017 to $40.3M in 2022.

In 2009, Australia exported services to Greece worth $31.7M, with Travel ($25.3M), Government services, n.i.e. ($4.75M), and Other business services ($1.58M) being the largest in terms of value.

Greece-Australia Trade: In 2022, Greece exported $281M to Australia. The main products that Greece exported to Australia were Packaged Medicaments ($76.8M), Other Processed Vegetables ($27.2M), and Cheese ($17.3M). Over the past 5 years the exports of Greece to Australia have increased at an annualized rate of 9.42%,  from $179M in 2017 to $281M in 2022.

In 2020, Greece exported services to Australia worth $527M, with Transportation ($492M), Travel ($23.3M), and Other business services ($3.77M) being the largest in terms of value.

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). 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
Value

In 2022, Australia exported $40.3M to Greece. The main products exported from Australia to Greece were Scrap Aluminium ($7.25M), Scrap Copper ($5.44M), and Stone Processing Machines ($2.65M). During the last 5 years the exports of Australia to Greece have increased at an annualized rate of 14.7%, from $20.3M in 2017 to $40.3M in 2022.

In 2017, Greece exported $281M to Australia. The main products exported from Greece to Australia were Packaged Medicaments ($76.8M), Other Processed Vegetables ($27.2M), and Cheese ($17.3M). During the last 5 years the exports of Greece to Australia have increased at an annualized rate of 9.42%, from $179M in 2022 to $281M in 2017.

Exports from Australia (Flag) to Greece (Flag) (2022)

Exports from Greece (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and Greece (Flag)

Australia Exports

Greece Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Greece
Top Destination
Italy$5.82B

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

In 2022, countries that imported more from Australia than Greece included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Difference in imports from Greece (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Greece

Flow
Scale

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

During 2022, Australia had a large net trade with Greece in the exports of Metals ($18M), Machines ($10.5M), and Chemical Products ($1.98M).

During 2017, Greece had a large net trade with Australia in the exports of Chemical Products ($88M), Foodstuffs ($55.5M), and Plastics and Rubbers ($26.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia Greece+$1.43MScrap Aluminium
Top Product Potential Greece Australia+$18.5MPackaged 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 2009, Australia exported services to Greece worth $31.7M, with Travel ($25.3M), Government services, n.i.e. ($4.75M), and Other business services ($1.58M) being the largest in terms of value.

In 2020, Greece exported services to Australia worth $527M, with Transportation ($492M), Travel ($23.3M), and Other business services ($3.77M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Australia (Flag) to Greece (Flag) (2009)

Services Exports from Greece (Flag) to Australia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Australia (Flag) and Greece (Flag) (2022)

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