Greece (GRC) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Greece-Turkey Trade: In 2023, Greece exported $1.75B to Turkey. The main products that Greece exported to Turkey were Refined Petroleum ($562M), Raw Cotton ($217M), and Aluminium Plating ($115M). Over the past 5 years the exports of Greece to Turkey have decreased at an annualized rate of 4.22%, from $2.17B in 2018 to $1.75B in 2023.

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 2023, Turkey exported $3.09B to Greece. The main products that Turkey exported to Greece were Refined Petroleum ($273M), Cars ($184M), and Raw Aluminium ($108M). Over the past 5 years the exports of Turkey to Greece have increased at an annualized rate of 4.92%, from $2.43B in 2018 to $3.09B in 2023.

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 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $1.75B to Turkey. The main products exported from Greece to Turkey were Refined Petroleum ($562M), Raw Cotton ($217M), and Aluminium Plating ($115M). During the last 5 years the exports of Greece to Turkey have decreased at an annualized rate of 4.22%, from $2.17B in 2018 to $1.75B in 2023.

In 2018, Turkey exported $3.09B to Greece. The main products exported from Turkey to Greece were Refined Petroleum ($273M), Cars ($184M), and Raw Aluminium ($108M). During the last 5 years the exports of Turkey to Greece have increased at an annualized rate of 4.92%, from $2.43B in 2023 to $3.09B in 2018.

Exports from Greece () to Turkey () (2023)

Exports from Turkey () to Greece () (2023)

Latest Data

Trade between Greece () and Turkey ()

Greece Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Turkey
Top DestinationGermany$24.7B

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 2023, countries that imported more from Greece than Turkey included Cyprus ($3.03B), Gibraltar ($1.25B), and North Macedonia ($1.11B).

In 2023, countries that imported more from Turkey than Greece included Germany ($24.7B), United Arab Emirates ($14.7B), and United States ($15.9B).

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

Comparative Advantage Greece - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Turkey in the exports of Mineral Products ($635M), Textiles ($254M), and Metals ($235M).

During 2018, Turkey had a large net trade with Greece in the exports of Metals ($564M), Mineral Products ($466M), and Machines ($393M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Turkey () (2023)

Exports from Turkey () to Greece () (2023)

Latest Data

Trade between Greece () and Turkey ()

Greece Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Greece - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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