2022
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GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
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 GDP
$1.11TCURRENT US$
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2012-2022
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GDP GROWTH
49.4%CURRENT US$
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2022
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GDP PC 
$20,732CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
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2022
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GDP PC
$30,436CURRENT US$
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2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
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About

Greece-Saudi Arabia Trade: In 2022, Greece exported $571M to Saudi Arabia. The main products that Greece exported to Saudi Arabia were Refined Petroleum ($254M), Other Large Iron Pipes ($106M), and Other Oily Seeds ($24.1M). Over the past 5 years the exports of Greece to Saudi Arabia have decreased at an annualized rate of 6.53%, from $800M in 2017 to $571M in 2022.

In 2022, Greece did not export any services to Saudi Arabia.

Saudi Arabia-Greece Trade: In 2022, Saudi Arabia exported $1.86B to Greece. The main products that Saudi Arabia exported to Greece were Crude Petroleum ($1.35B), Refined Petroleum ($192M), and Ethylene Polymers ($74.5M). Over the past 5 years the exports of Saudi Arabia to Greece have increased at an annualized rate of 13.2%,  from $1B in 2017 to $1.86B in 2022.

In 2022, Saudi Arabia did not export any services to Greece.

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $571M to Saudi Arabia. The main products exported from Greece to Saudi Arabia were Refined Petroleum ($254M), Other Large Iron Pipes ($106M), and Other Oily Seeds ($24.1M). During the last 5 years the exports of Greece to Saudi Arabia have decreased at an annualized rate of 6.53%, from $800M in 2017 to $571M in 2022.

In 2017, Saudi Arabia exported $1.86B to Greece. The main products exported from Saudi Arabia to Greece were Crude Petroleum ($1.35B), Refined Petroleum ($192M), and Ethylene Polymers ($74.5M). During the last 5 years the exports of Saudi Arabia to Greece have increased at an annualized rate of 13.2%, from $1B in 2022 to $1.86B in 2017.

Exports from Greece (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Greece (Flag) (2022)

Latest Data

Trade between Greece (Flag) and Saudi Arabia (Flag)

Greece Exports

Saudi Arabia Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Saudi Arabia
Top Destination
China$68B

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

In 2022, countries that imported more from Greece than Saudi Arabia included Bulgaria ($3.62B), Cyprus ($2.92B), and Libya ($1.95B).

In 2022, countries that imported more from Saudi Arabia than Greece included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Greece (Flag) (2022)

Comparative Advantage Greece - Saudi Arabia

Flow
Scale

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

During 2022, Greece had a large net trade with Saudi Arabia in the exports of Mineral Products ($261M), Metals ($125M), and Foodstuffs ($44.3M).

During 2017, Saudi Arabia had a large net trade with Greece in the exports of Mineral Products ($1.54B), Plastics and Rubbers ($143M), and Chemical Products ($123M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Saudi Arabia+$65.7MRefined Petroleum
Top Product Potential Saudi Arabia Greece+$278MCrude 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

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

Product Space of Greece (Flag) and Saudi Arabia (Flag) (2022)

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