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2023
Flag → Flag
Exports $6.91BRnk 20 / 219
2023
Flag → Flag
Top Product $442MRefined Petroleum
2023
Flag → Flag
Exports $6.21BRnk 1 / 214
2023
Flag → Flag
Top Product $1.15BRefined Petroleum
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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Economic Complexity (ECI) ECI 0.4Rnk 46 / 132
2023
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GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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 GDP$243BCURRENT US$
Rnk 54 / 195
2013-2023
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GDP GROWTH2.93%CURRENT US$
Rnk 166 / 195
2023
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GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
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GDP PC$23,401CURRENT US$
Rnk 53 / 196
2013-2023
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GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195

About

Italy-Greece Trade: In 2023, Italy exported $6.91B to Greece. The main products that Italy exported to Greece were Refined Petroleum ($442M), Packaged Medicaments ($359M), and Electricity ($208M). Over the past 5 years the exports of Italy to Greece have increased at an annualized rate of 6.97%, from $4.94B in 2018 to $6.91B in 2023.

In 2020, Italy exported services to Greece worth $449M, with Transportation ($130M), Other business services ($122M), and Travel ($58M) being the largest in terms of value.

Greece-Italy Trade: In 2023, Greece exported $6.21B to Italy. The main products that Greece exported to Italy were Refined Petroleum ($1.15B), Pure Olive Oil ($896M), and Non-fillet Fresh Fish ($273M). Over the past 5 years the exports of Greece to Italy have increased at an annualized rate of 5.62%,  from $3.6B in 2018 to $6.21B in 2023.

In 2020, Greece exported services to Italy worth $752M, with Transportation ($329M), Travel ($249M), and Other business services ($82.4M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €588M and imported €373M from Greece, resulting in a positive trade balance of €215M. Between October 2023 and October 2024 the exports of Italy have increased by €106M (22.1%) from €481M to €588M, while imports decreased by €-125M (-25.1%) from €498M to €373M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€106M(22.1%)
IMPORT GROWTH (October 2023 - October 2024)€-125M(-25.1%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Greece and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $6.91B to Greece. The main products exported from Italy to Greece were Refined Petroleum ($442M), Packaged Medicaments ($359M), and Electricity ($208M). During the last 5 years the exports of Italy to Greece have increased at an annualized rate of 6.97%, from $4.94B in 2018 to $6.91B in 2023.

In 2018, Greece exported $6.21B to Italy. The main products exported from Greece to Italy were Refined Petroleum ($1.15B), Pure Olive Oil ($896M), and Non-fillet Fresh Fish ($273M). During the last 5 years the exports of Greece to Italy have increased at an annualized rate of 5.62%, from $3.6B in 2023 to $6.21B in 2018.

Exports from Italy (Flag) to Greece (Flag) (2023)

Exports from Greece (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Italy than Greece included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

In 2023, countries that imported more from Greece than Italy included Cyprus ($3.03B), Lebanon ($1.78B), and North Macedonia ($1.11B).

Difference in imports from Greece (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Greece

Flow
Scale

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

During 2023, Italy had a large net trade with Greece in the exports of Machines ($1.26B), Chemical Products ($905M), and Mineral Products ($725M).

During 2018, Greece had a large net trade with Italy in the exports of Mineral Products ($1.53B), Animal and Vegetable Bi-Products ($968M), and Animal Products ($649M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Greece+$96.4MRefined Petroleum
Top Product Potential Greece Italy+$147MRefined 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, Italy exported services to Greece worth $449M, with Transportation ($130M), Other business services ($122M), and Travel ($58M) being the largest in terms of value.

In 2020, Greece exported services to Italy worth $752M, with Transportation ($329M), Travel ($249M), and Other business services ($82.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Greece (Flag) (2023)

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