2022
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GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$20,732CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
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About

South Korea-Greece Trade: In 2022, South Korea exported $1.24B to Greece. The main products that South Korea exported to Greece were Passenger and Cargo Ships ($772M), Cars ($69.8M), and Ethylene Polymers ($38M). Over the past 5 years the exports of South Korea to Greece have decreased at an annualized rate of 6.11%, from $1.69B in 2017 to $1.24B in 2022.

In 2022, South Korea did not export any services to Greece.

Greece-South Korea Trade: In 2022, Greece exported $811M to South Korea. The main products that Greece exported to South Korea were Refined Petroleum ($627M), Packaged Medicaments ($82.3M), and Centrifuges ($9.36M). Over the past 5 years the exports of Greece to South Korea have increased at an annualized rate of 12.4%,  from $452M in 2017 to $811M in 2022.

In 2020, Greece exported services to South Korea worth $248M, with Transportation ($242M), Travel ($3.08M), and Other business services ($1.48M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). 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, South Korea exported $1.24B to Greece. The main products exported from South Korea to Greece were Passenger and Cargo Ships ($772M), Cars ($69.8M), and Ethylene Polymers ($38M). During the last 5 years the exports of South Korea to Greece have decreased at an annualized rate of 6.11%, from $1.69B in 2017 to $1.24B in 2022.

In 2017, Greece exported $811M to South Korea. The main products exported from Greece to South Korea were Refined Petroleum ($627M), Packaged Medicaments ($82.3M), and Centrifuges ($9.36M). During the last 5 years the exports of Greece to South Korea have increased at an annualized rate of 12.4%, from $452M in 2022 to $811M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Greece
Top Destination
Italy$5.82B

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

In 2022, countries that imported more from South Korea than Greece included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Greece than South Korea included Bulgaria ($3.62B), Cyprus ($2.92B), and North Macedonia ($1.7B).

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

Comparative Advantage South Korea - Greece

Flow
Scale

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

During 2022, South Korea had a large net trade with Greece in the exports of Transportation ($844M), Plastics and Rubbers ($108M), and Machines ($102M).

During 2017, Greece had a large net trade with South Korea in the exports of Mineral Products ($632M), Chemical Products ($84.8M), and Machines ($24.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Greece+$59.8MCars
Top Product Potential Greece South Korea+$81.9MRefined 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 South Korea worth $248M, with Transportation ($242M), Travel ($3.08M), and Other business services ($1.48M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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