2022
Flag  
GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
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 GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH
-6.57%CURRENT US$
Rnk 171 / 186
2022
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GDP PC 
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186
2022
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GDP PC
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH
-17.1%CURRENT US$
Rnk 167 / 186

About

Greece-South Africa Trade: In 2022, Greece exported $131M to South Africa. The main products that Greece exported to South Africa were Petroleum Coke ($18.4M), Packaged Medicaments ($15.3M), and Insulated Wire ($10.8M). Over the past 5 years the exports of Greece to South Africa have increased at an annualized rate of 7.99%, from $89.5M in 2017 to $131M in 2022.

In 2020, Greece exported services to South Africa worth $324M, with Transportation ($315M), Travel ($4.11M), and Other business services ($3.77M) being the largest in terms of value.

South Africa-Greece Trade: In 2022, South Africa exported $99.5M to Greece. The main products that South Africa exported to Greece were Raw Aluminium ($19.3M), Scrap Aluminium ($11M), and Delivery Trucks ($8.98M). Over the past 5 years the exports of South Africa to Greece have increased at an annualized rate of 4.45%,  from $80M in 2017 to $99.5M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $131M to South Africa. The main products exported from Greece to South Africa were Petroleum Coke ($18.4M), Packaged Medicaments ($15.3M), and Insulated Wire ($10.8M). During the last 5 years the exports of Greece to South Africa have increased at an annualized rate of 7.99%, from $89.5M in 2017 to $131M in 2022.

In 2017, South Africa exported $99.5M to Greece. The main products exported from South Africa to Greece were Raw Aluminium ($19.3M), Scrap Aluminium ($11M), and Delivery Trucks ($8.98M). During the last 5 years the exports of South Africa to Greece have increased at an annualized rate of 4.45%, from $80M in 2022 to $99.5M in 2017.

Exports from Greece (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Greece (Flag) (2022)

Latest Data

Trade between Greece (Flag) and South Africa (Flag)

Greece Exports

South Africa Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
South Africa
Top Destination
China$23.4B

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

In 2022, countries that imported more from Greece than South Africa included Bulgaria ($3.62B), Italy ($5.82B), and Cyprus ($2.92B).

In 2022, countries that imported more from South Africa than Greece included China ($23.4B), India ($9.14B), and Japan ($8.85B).

Difference in imports from South Africa (Flag) and Greece (Flag) (2022)

Comparative Advantage Greece - South Africa

Flow
Scale

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

During 2022, Greece had a large net trade with South Africa in the exports of Metals ($27.1M), Machines ($25.3M), and Mineral Products ($25.1M).

During 2017, South Africa had a large net trade with Greece in the exports of Metals ($35.6M), Foodstuffs ($13.2M), and Transportation ($12.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece South Africa+$11.4MPackaged Medicaments
Top Product Potential South Africa Greece+$8.71MRaw Aluminium

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 South Africa. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over South Africa. Similarly, a dot/product with the flag of South Africa indicates it has a comparative advantage over Greece.

Product Space of Greece (Flag) and South Africa (Flag) (2022)

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