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2022
Flag → Flag
Exports $8.78BRnk 33 / 223
2022
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Top Product $822MOxygen Heterocyclic Compounds
2022
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Exports $3.45BRnk 3 / 208
2022
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Top Product $382MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 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 $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 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

Germany-Greece Trade: In 2022, Germany exported $8.78B to Greece. The main products that Germany exported to Greece were Oxygen Heterocyclic Compounds ($822M), Packaged Medicaments ($742M), and Planes, Helicopters, and/or Spacecraft ($719M). Over the past 5 years the exports of Germany to Greece have increased at an annualized rate of 9.02%, from $5.7B in 2017 to $8.78B in 2022.

In 2020, Germany exported services to Greece worth $502M, with Transportation ($162M), Other business services ($153M), and Communications services ($75.4M) being the largest in terms of value.

Greece-Germany Trade: In 2022, Greece exported $3.45B to Germany. The main products that Greece exported to Germany were Packaged Medicaments ($382M), Cheese ($236M), and Aluminium Bars ($183M). Over the past 5 years the exports of Greece to Germany have increased at an annualized rate of 9.48%,  from $2.19B in 2017 to $3.45B in 2022.

In 2020, Greece exported services to Germany worth $2.06B, with Travel ($1.3B), Transportation ($337M), and Other business services ($161M) being the largest in terms of value.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). 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, Germany exported €601M and imported €239M from Greece, resulting in a positive trade balance of €361M. Between August 2023 and August 2024 the exports of Germany have decreased by €-10.4M (-1.7%) from €611M to €601M, while imports increased by €1.82M (0.77%) from €238M to €239M.

Trade In August 2024, the top exports of Germany to Greece were Pharmaceutical products (€79.4M), Basic pharmaceutical products (€72.7M), Motor cars and motor caravans (€42M), Telecommunication devices and apparatus (€41.6M), and Engines (excl. for tractor,aircraft, road vehicle) (€34.4M). In August 2024 the top imports of Germany from Greece were Pharmaceutical products (€32.6M), Estimations for non-response (€24.7M), Semi-finished products of aluminium (€19.2M), Machinery for electricity production, distribution (€18.6M), and Cheese (€15.5M).

Origins In August 2024 the exports of Germany were mainly from North Rhine-Westphalia (€86M), Bavaria (€72M), Rhineland-Pfalz (€71.6M), Baden-Württemberg (€57M), and Lower Saxony (€44.6M), while imports destinations were mainly Bavaria (€53.2M), North Rhine-Westphalia (€36M), Baden-Württemberg (€32.3M), and Saxony (€13.8M).

Growth In August 2024, the decrease in Germany's year-by-year exports to Greece was explained primarily by an decrease in product exports in Basic pharmaceutical products (€-28M or -27.8%), Pharmaceutical products (€-8.75M or -9.92%), and Fertilizers (€-7.28M or -91.8%). In August 2024, the increase in Germany's year-by-year imports  from Greece was explained primarily by an increase in product imports  in Estimations for non-response (€15.3M or 164%), Cheese (€7.54M or 95.1%), and Machinery for electricity production, distribution (€7.43M or 66.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-10.4M(-1.7%)
IMPORT GROWTH (August 2023 - August 2024)€1.82M(0.77%)
MAIN EXPORTER (August 2024)North Rhine-Westphalia€86M

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

To check Greece and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $8.78B to Greece. The main products exported from Germany to Greece were Oxygen Heterocyclic Compounds ($822M), Packaged Medicaments ($742M), and Planes, Helicopters, and/or Spacecraft ($719M). During the last 5 years the exports of Germany to Greece have increased at an annualized rate of 9.02%, from $5.7B in 2017 to $8.78B in 2022.

In 2017, Greece exported $3.45B to Germany. The main products exported from Greece to Germany were Packaged Medicaments ($382M), Cheese ($236M), and Aluminium Bars ($183M). During the last 5 years the exports of Greece to Germany have increased at an annualized rate of 9.48%, from $2.19B in 2022 to $3.45B in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Germany than Greece included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Greece than Germany included Cyprus ($2.92B), Libya ($1.95B), and Gibraltar ($1.27B).

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

Comparative Advantage Germany - Greece

Flow
Scale

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

During 2022, Germany had a large net trade with Greece in the exports of Chemical Products ($2.65B), Machines ($1.61B), and Transportation ($1.45B).

During 2017, Greece had a large net trade with Germany in the exports of Metals ($619M), Chemical Products ($519M), and Foodstuffs ($472M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Greece+$109MCars
Top Product Potential Greece Germany+$194MRefined 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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Bilateral Service Trade

In 2020, Germany exported services to Greece worth $502M, with Transportation ($162M), Other business services ($153M), and Communications services ($75.4M) being the largest in terms of value.

In 2020, Greece exported services to Germany worth $2.06B, with Travel ($1.3B), Transportation ($337M), and Other business services ($161M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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