Mexico (MEX) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Mexico-Greece Trade: In 2023, Mexico exported $94.4M to Greece. The main products that Mexico exported to Greece were Hard Liquor ($15.6M), Video and Card Games ($14.8M), and Scrap Aluminium ($13.3M). Over the past 5 years the exports of Mexico to Greece have increased at an annualized rate of 17.1%, from $42.8M in 2018 to $94.4M in 2023.

In 2023, Mexico did not export any services to Greece.

Greece-Mexico Trade: In 2023, Greece exported $142M to Mexico. The main products that Greece exported to Mexico were Utility Meters ($57.5M), Low-voltage Protection Equipment ($15M), and Other Processed Fruits and Nuts ($12.2M). Over the past 5 years the exports of Greece to Mexico have decreased at an annualized rate of 6.81%, from $201M in 2018 to $142M in 2023.

In 2020, Greece exported services to Mexico worth $147M, with Transportation ($144M), Travel ($2.51M), and Other business services ($457k) being the largest in terms of value.

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $94.4M to Greece. The main products exported from Mexico to Greece were Hard Liquor ($15.6M), Video and Card Games ($14.8M), and Scrap Aluminium ($13.3M). During the last 5 years the exports of Mexico to Greece have increased at an annualized rate of 17.1%, from $42.8M in 2018 to $94.4M in 2023.

In 2018, Greece exported $142M to Mexico. The main products exported from Greece to Mexico were Utility Meters ($57.5M), Low-voltage Protection Equipment ($15M), and Other Processed Fruits and Nuts ($12.2M). During the last 5 years the exports of Greece to Mexico have decreased at an annualized rate of 6.81%, from $201M in 2023 to $142M in 2018.

Exports from Mexico () to Greece () (2023)

Exports from Greece () to Mexico () (2023)

Latest Data

Trade between Mexico () and Greece ()

Mexico Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Mexico than Greece included United States ($456B), Canada ($33B), and China ($15B).

In 2023, countries that imported more from Greece than Mexico included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

Difference in imports from Greece () and Mexico () (2023)

Comparative Advantage Mexico - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Greece in the exports of Foodstuffs ($24.5M), Metals ($23.9M), and Machines ($16.4M).

During 2018, Greece had a large net trade with Mexico in the exports of Instruments ($57.8M), Machines ($24.3M), and Foodstuffs ($18.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Greece+$12.9MComputers

Top Product Potential Greece Mexico+$7.36MLow-voltage Protection Equipment

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

Grc Year

In 2020, Greece exported services to Mexico worth $147M, with Transportation ($144M), Travel ($2.51M), and Other business services ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Mexico () to Greece () (2023)

Exports from Greece () to Mexico () (2023)

Latest Data

Trade between Mexico () and Greece ()

Mexico Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Mexico () (2023)

Comparative Advantage Mexico - Greece

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Greece () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Greece () (2023)

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