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

About

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.

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.

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $281M in 2022.

In 2017, 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 2022 to $40.3M in 2017.

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

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

Latest Data

Trade between Greece (Flag) and Australia (Flag)

Greece Exports

Australia Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Greece - Australia

Flow
Scale

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

During 2022, Greece had a large net trade with Australia in the exports of Chemical Products ($88M), Foodstuffs ($55.5M), and Plastics and Rubbers ($26.6M).

During 2017, Australia had a large net trade with Greece in the exports of Metals ($18M), Machines ($10.5M), and Chemical Products ($1.98M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Australia+$18.5MPackaged Medicaments
Top Product Potential Australia Greece+$1.43MScrap Aluminium

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

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

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

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