2022
Flag  
GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
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 GDP
$906BCURRENT US$
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2012-2022
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GDP GROWTH
2.89%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
$10,616CURRENT US$
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2012-2022
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GDP PC GROWTH
-9.24%CURRENT US$
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About

Greece-Turkey Trade: In 2022, Greece exported $2.54B to Turkey. The main products that Greece exported to Turkey were Refined Petroleum ($1.09B), Raw Cotton ($335M), and Aluminium Plating ($99.2M). Over the past 5 years the exports of Greece to Turkey have increased at an annualized rate of 3.08%, from $2.18B in 2017 to $2.54B in 2022.

In 2020, Greece exported services to Turkey worth $583M, with Transportation ($454M), Travel ($90.9M), and Other business services ($12.1M) being the largest in terms of value.

Turkey-Greece Trade: In 2022, Turkey exported $3.28B to Greece. The main products that Turkey exported to Greece were Refined Petroleum ($347M), Raw Aluminium ($145M), and Cars ($140M). Over the past 5 years the exports of Turkey to Greece have increased at an annualized rate of 13.9%,  from $1.71B in 2017 to $3.28B in 2022.

In 2009, Turkey exported services to Greece worth $258M, with Travel ($254M) and Other business services ($4.13M) 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $2.54B to Turkey. The main products exported from Greece to Turkey were Refined Petroleum ($1.09B), Raw Cotton ($335M), and Aluminium Plating ($99.2M). During the last 5 years the exports of Greece to Turkey have increased at an annualized rate of 3.08%, from $2.18B in 2017 to $2.54B in 2022.

In 2017, Turkey exported $3.28B to Greece. The main products exported from Turkey to Greece were Refined Petroleum ($347M), Raw Aluminium ($145M), and Cars ($140M). During the last 5 years the exports of Turkey to Greece have increased at an annualized rate of 13.9%, from $1.71B in 2022 to $3.28B in 2017.

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

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

Latest Data

Trade between Greece (Flag) and Turkey (Flag)

Greece Exports

Turkey Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Turkey
Top Destination
Germany$21.9B

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

In 2022, countries that imported more from Greece than Turkey included Gibraltar ($1.27B), Cyprus ($2.92B), and North Macedonia ($1.7B).

In 2022, countries that imported more from Turkey than Greece included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Greece - Turkey

Flow
Scale

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

During 2022, Greece had a large net trade with Turkey in the exports of Mineral Products ($1.16B), Textiles ($372M), and Metals ($276M).

During 2017, Turkey had a large net trade with Greece in the exports of Metals ($735M), Mineral Products ($517M), and Machines ($390M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Turkey+$422MRefined Petroleum
Top Product Potential Turkey Greece+$150MRefined 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 Turkey. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Greece.

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

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