2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186

About

India-Greece Trade: In 2022, India exported $1.07B to Greece. The main products that India exported to Greece were Raw Aluminium ($356M), Refined Petroleum ($60M), and Molluscs ($35.8M). Over the past 5 years the exports of India to Greece have increased at an annualized rate of 18.3%, from $462M in 2017 to $1.07B in 2022.

In 2022, India did not export any services to Greece.

Greece-India Trade: In 2022, Greece exported $332M to India. The main products that Greece exported to India were Refined Petroleum ($144M), Recovered Paper ($22.8M), and Scrap Aluminium ($20.5M). Over the past 5 years the exports of Greece to India have increased at an annualized rate of 18.3%,  from $143M in 2017 to $332M in 2022.

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.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.07B to Greece. The main products exported from India to Greece were Raw Aluminium ($356M), Refined Petroleum ($60M), and Molluscs ($35.8M). During the last 5 years the exports of India to Greece have increased at an annualized rate of 18.3%, from $462M in 2017 to $1.07B in 2022.

In 2017, Greece exported $332M to India. The main products exported from Greece to India were Refined Petroleum ($144M), Recovered Paper ($22.8M), and Scrap Aluminium ($20.5M). During the last 5 years the exports of Greece to India have increased at an annualized rate of 18.3%, from $143M in 2022 to $332M in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Greece
Top Destination
Italy$5.82B

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

In 2022, countries that imported more from India than Greece included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Greece

Flow
Scale

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

During 2022, India had a large net trade with Greece in the exports of Metals ($444M), Chemical Products ($118M), and Textiles ($96.3M).

During 2017, Greece had a large net trade with India in the exports of Mineral Products ($157M), Metals ($68.1M), and Chemical Products ($25.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Greece+$161MRefined Petroleum
Top Product Potential Greece India+$198MRefined 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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to India (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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