Benin (BEN) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Benin-Greece Trade: In 2022, Benin exported $7.44k to Greece. The main products that Benin exported to Greece were Wood Charcoal ($7.29k) and Plastic Lids ($152). Over the past 6 years the exports of Benin to Greece have decreased at an annualized rate of 27.6%, from $51.5k in 2016 to $7.44k in 2022.

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

Greece-Benin Trade: In 2022, Greece exported $1.72M to Benin. The main products that Greece exported to Benin were Metal Stoppers ($746k), Packaged Medicaments ($321k), and Glaziers Putty ($183k). Over the past 6 years the exports of Greece to Benin have increased at an annualized rate of 3.99%, from $1.42M in 2016 to $1.72M in 2022.

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

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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, Benin exported $7.44k to Greece. The main products exported from Benin to Greece were Wood Charcoal ($7.29k) and Plastic Lids ($152). During the last 6 years the exports of Benin to Greece have decreased at an annualized rate of 27.6%, from $51.5k in 2016 to $7.44k in 2022.

In 2017, Greece exported $1.72M to Benin. The main products exported from Greece to Benin were Metal Stoppers ($746k), Packaged Medicaments ($321k), and Glaziers Putty ($183k). During the last 5 years the exports of Greece to Benin have increased at an annualized rate of 3.99%, from $1.42M in 2022 to $1.72M in 2017.

Exports from Benin () to Greece () (2022)

Exports from Greece () to Benin () (2022)

Latest Data

Trade between Benin () and Greece ()

Benin Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Benin than Greece included Bangladesh ($406M), India ($448M), and Chad ($28M).

In 2022, countries that imported more from Greece than Benin included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

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

Comparative Advantage Benin - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Benin had a large net trade with Greece in the exports of Wood Products ($7.29k) and Plastics and Rubbers ($152).

During 2017, Greece had a large net trade with Benin in the exports of Metals ($746k), Chemical Products ($587k), and Machines ($225k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Greece+$10.8kWood Charcoal

Top Product Potential Greece Benin+$588kPackaged 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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Benin () to Greece () (2022)

Exports from Greece () to Benin () (2022)

Latest Data

Trade between Benin () and Greece ()

Benin Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Benin - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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