Greece (GRC) and India (IND) Trade | The Observatory of Economic Complexity

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Greece-India Trade: In 2023, Greece exported $735M to India. The main products that Greece exported to India were Crude Petroleum ($502M), Refined Petroleum ($47.8M), and Recovered Paper ($28.9M). Over the past 5 years the exports of Greece to India have increased at an annualized rate of 26.2%, from $230M in 2018 to $735M in 2023.

In 2020, Greece exported services to India worth $612M, with Transportation ($601M), Travel ($7.08M), and Other business services ($1.71M) being the largest in terms of value.

India-Greece Trade: In 2023, India exported $1B to Greece. The main products that India exported to Greece were Raw Aluminium ($200M), Coated Flat-Rolled Iron ($51M), and Refined Petroleum ($46.4M). Over the past 5 years the exports of India to Greece have increased at an annualized rate of 14%, from $520M in 2018 to $1B in 2023.

In 2023, India did not export any services to Greece.

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $735M to India. The main products exported from Greece to India were Crude Petroleum ($502M), Refined Petroleum ($47.8M), and Recovered Paper ($28.9M). During the last 5 years the exports of Greece to India have increased at an annualized rate of 26.2%, from $230M in 2018 to $735M in 2023.

In 2018, India exported $1B to Greece. The main products exported from India to Greece were Raw Aluminium ($200M), Coated Flat-Rolled Iron ($51M), and Refined Petroleum ($46.4M). During the last 5 years the exports of India to Greece have increased at an annualized rate of 14%, from $520M in 2023 to $1B in 2018.

Exports from Greece () to India () (2023)

Exports from India () to Greece () (2023)

Latest Data

Trade between Greece () and India ()

Greece Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Greece than India included Cyprus ($3.03B), Bulgaria ($2.38B), and Lebanon ($1.78B).

In 2023, countries that imported more from India than Greece included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India () and Greece () (2023)

Comparative Advantage Greece - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with India in the exports of Mineral Products ($563M), Metals ($72.1M), and Paper Goods ($29.2M).

During 2018, India had a large net trade with Greece in the exports of Metals ($304M), Chemical Products ($149M), and Machines ($126M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece India+$198MRefined Petroleum

Top Product Potential India Greece+$161MRefined 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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Greece () to India () (2023)

Exports from India () to Greece () (2023)

Latest Data

Trade between Greece () and India ()

Greece Exports

India Exports

Market Competitiveness

Difference in imports from India () and Greece () (2023)

Comparative Advantage Greece - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and India () (2023)

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