2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 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 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 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

Israel-Greece Trade: In 2022, Israel exported $573M to Greece. The main products that Israel exported to Greece were Refined Petroleum ($340M), Scrap Copper ($21.1M), and Scrap Iron ($18.6M). Over the past 5 years the exports of Israel to Greece have decreased at an annualized rate of 0.87%, from $599M in 2017 to $573M in 2022.

In 2012, Israel exported services to Greece worth $0, with being the largest in terms of value.

Greece-Israel Trade: In 2022, Greece exported $939M to Israel. The main products that Greece exported to Israel were Refined Petroleum ($321M), Insulated Wire ($81.4M), and Hot-Rolled Iron Bars ($46.1M). Over the past 5 years the exports of Greece to Israel have increased at an annualized rate of 15.9%,  from $450M in 2017 to $939M in 2022.

In 2009, Greece exported services to Israel worth $154M, with Transportation ($146M), Communications services ($3.37M), and Government services, n.i.e. ($2.32M) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $573M to Greece. The main products exported from Israel to Greece were Refined Petroleum ($340M), Scrap Copper ($21.1M), and Scrap Iron ($18.6M). During the last 5 years the exports of Israel to Greece have decreased at an annualized rate of 0.87%, from $599M in 2017 to $573M in 2022.

In 2017, Greece exported $939M to Israel. The main products exported from Greece to Israel were Refined Petroleum ($321M), Insulated Wire ($81.4M), and Hot-Rolled Iron Bars ($46.1M). During the last 5 years the exports of Greece to Israel have increased at an annualized rate of 15.9%, from $450M in 2022 to $939M in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Greece (Flag)

Israel Exports

Greece Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Greece
Top Destination
Italy$5.82B

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

In 2022, countries that imported more from Israel than Greece included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

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

Comparative Advantage Israel - Greece

Flow
Scale

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

During 2022, Israel had a large net trade with Greece in the exports of Mineral Products ($344M), Metals ($54.7M), and Chemical Products ($44.6M).

During 2017, Greece had a large net trade with Israel in the exports of Mineral Products ($371M), Metals ($194M), and Machines ($131M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Greece+$4.55MTelephones
Top Product Potential Greece Israel+$48.8MRefined 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 Israel and Greece. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Israel.

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

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