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2023
Flag → Flag
Exports $2.02BRnk 7 / 214
2023
Flag → Flag
Top Product $275MPackaged Medicaments
2023
Flag → Flag
Exports $1BRnk 47 / 223
2023
Flag → Flag
Top Product $120MCars
2023
Flag
Economic Complexity (ECI) ECI 0.4Rnk 46 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH2.93%CURRENT US$
Rnk 166 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $23,401CURRENT US$
Rnk 53 / 195
2013-2023
Flag
GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Greece-United Kingdom Trade: In 2023, Greece exported $2.02B to United Kingdom. The main products that Greece exported to United Kingdom were Packaged Medicaments ($275M), Refined Petroleum ($120M), and Cheese ($118M). Over the past 5 years the exports of Greece to United Kingdom have increased at an annualized rate of 9.91%, from $1.26B in 2018 to $2.02B in 2023.

In 2020, Greece exported services to United Kingdom worth $1.9B, with Travel ($865M), Other business services ($349M), and Transportation ($279M) being the largest in terms of value.

United Kingdom-Greece Trade: In 2023, United Kingdom exported $1B to Greece. The main products that United Kingdom exported to Greece were Cars ($120M), Hard Liquor ($78.8M), and Raw Aluminium ($61.2M). Over the past 5 years the exports of United Kingdom to Greece have decreased at an annualized rate of 8.17%,  from $1.53B in 2018 to $1B in 2023.

In 2019, United Kingdom exported services to Greece worth $1.42B, with Transportation ($525M), Financial services ($284M), and Travel ($217M) being the largest in terms of value.

Comparison: In 2023,  Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Greece exported $2.02B to United Kingdom. The main products exported from Greece to United Kingdom were Packaged Medicaments ($275M), Refined Petroleum ($120M), and Cheese ($118M). During the last 5 years the exports of Greece to United Kingdom have increased at an annualized rate of 9.91%, from $1.26B in 2018 to $2.02B in 2023.

In 2018, United Kingdom exported $1B to Greece. The main products exported from United Kingdom to Greece were Cars ($120M), Hard Liquor ($78.8M), and Raw Aluminium ($61.2M). During the last 5 years the exports of United Kingdom to Greece have decreased at an annualized rate of 8.17%, from $1.53B in 2023 to $1B in 2018.

Exports from Greece (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Greece (Flag) (2023)

Latest Data

Trade between Greece (Flag) and United Kingdom (Flag)

Greece Exports

United Kingdom Exports

Market Competitiveness

Color
Greece
Top DestinationItaly$6.21B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Greece than United Kingdom included Bulgaria ($2.38B), Cyprus ($3.03B), and Libya ($1.71B).

In 2023, countries that imported more from United Kingdom than Greece included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Greece (Flag) (2023)

Comparative Advantage Greece - United Kingdom

Flow
Scale

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

During 2023, Greece had a large net trade with United Kingdom in the exports of Chemical Products ($345M), Metals ($306M), and Foodstuffs ($296M).

During 2018, United Kingdom had a large net trade with Greece in the exports of Transportation ($218M), Metals ($165M), and Chemical Products ($150M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece United Kingdom+$214MRefined Petroleum
Top Product Potential United Kingdom Greece+$61.7MCars

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, Greece exported services to United Kingdom worth $1.9B, with Travel ($865M), Other business services ($349M), and Transportation ($279M) being the largest in terms of value.

In 2019, United Kingdom exported services to Greece worth $1.42B, with Transportation ($525M), Financial services ($284M), and Travel ($217M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Greece (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Greece (Flag) and United Kingdom (Flag) (2023)

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