United States (USA) and Greece (GRC) Trade

2022

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Exports $3.09BRnk 60 / 219

2022

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About

United States-Greece Trade: In 2022, United States exported $3.09B to Greece. The main products that United States exported to Greece were Petroleum Gas ($1.73B), Scrap Iron ($153M), and Gas Turbines ($133M). Over the past 5 years the exports of United States to Greece have increased at an annualized rate of 29.1%, from $860M in 2017 to $3.09B in 2022.

In 2017, United States exported services to Greece worth $1.46B, with Transportation ($620M), Travel ($331M), and Financial services ($172M) being the largest in terms of value.

Greece-United States Trade: In 2022, Greece exported $2.4B to United States. The main products that Greece exported to United States were Refined Petroleum ($499M), Other Processed Vegetables ($225M), and Cement ($152M). Over the past 5 years the exports of Greece to United States have increased at an annualized rate of 12.7%, from $1.32B in 2017 to $2.4B in 2022.

In 2020, Greece exported services to United States worth $1.06B, with Transportation ($717M), Travel ($98.3M), and Other business services ($90.3M) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Company data: In 2023, leading companies such as Pirelli Tires (284), Del Monte Foods (255), and Jushi Fiberglass (211) were at the forefront of exporting goods from Greece to the United States. Conversely, Pirelli Tyre (suisse) Sa (280), Venus Growers (240), and Jushi Egypt For Fiberglass Industry (211) were notable for importing products to Greece from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $339M and imported $196M from Greece, resulting in a positive trade balance of $143M. Between August 2023 and August 2024 the exports of United States have increased by $157M (86.3%) from $182M to $339M, while imports increased by $15.5M (8.55%) from $181M to $196M.

Trade In August 2024, the top exports of United States to Greece were Petroleum Gas ($65.3M), Scrap Iron ($11.6M), Flat-Rolled Stainless Steel ($10.1M), Petroleum Coke ($8.75M), and Opto-Electric Instrument Parts ($7.57M). In August 2024 the top imports of United States from Greece were Cement ($17.5M), Other Processed Vegetables ($15.9M), Other Processed Fruits and Nuts ($14.3M), Petroleum Coke ($13.9M), and Aluminium Plating ($9.04M).

Origins In August 2024 the exports of United States were mainly from Dist of Columbia ($233M), Texas ($17.9M), Pennsylvania ($16.4M), Utah ($9.62M), and Georgia ($6.89M), while imports destinations were mainly New Jersey ($33.1M), North Carolina ($18.4M), New York ($16.3M), Massachusetts ($14.6M), and Virginia ($13.4M).

Growth In August 2024, the increase in United States's year-by-year exports to Greece was explained primarily by an increase in product exports in Petroleum Gas ($41.8M or 178%), Gas Turbines ($5.04M or 3.66k%), and Electric Motor Parts ($3.87M or 12.2k%). In August 2024, the increase in United States's year-by-year imports from Greece was explained primarily by an increase in product imports in Other Processed Fruits and Nuts ($9.15M or 178%), Cement ($9.05M or 107%), and Weapons Parts and Accessories ($3.87M or 1.09k%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$157M(86.3%)

IMPORT GROWTH (August 2023 - August 2024)$15.5M(8.55%)

MAIN EXPORTER (August 2024)Dist of Columbia$233M

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

To check Greece and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $3.09B to Greece. The main products exported from United States to Greece were Petroleum Gas ($1.73B), Scrap Iron ($153M), and Gas Turbines ($133M). During the last 5 years the exports of United States to Greece have increased at an annualized rate of 29.1%, from $860M in 2017 to $3.09B in 2022.

In 2017, Greece exported $2.4B to United States. The main products exported from Greece to United States were Refined Petroleum ($499M), Other Processed Vegetables ($225M), and Cement ($152M). During the last 5 years the exports of Greece to United States have increased at an annualized rate of 12.7%, from $1.32B in 2022 to $2.4B in 2017.

Exports from United States () to Greece () (2022)

Exports from Greece () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from United States than Greece included Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Greece () and United States () (2022)

Comparative Advantage United States - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Greece in the exports of Mineral Products ($1.86B), Machines ($314M), and Metals ($303M).

During 2017, Greece had a large net trade with United States in the exports of Mineral Products ($689M), Foodstuffs ($484M), and Metals ($338M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Greece+$30.5MPackaged Medicaments

Top Product Potential Greece United States+$433MRefined 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

Grc Year

Usa Year

In 2017, United States exported services to Greece worth $1.46B, with Transportation ($620M), Travel ($331M), and Financial services ($172M) being the largest in terms of value.

In 2020, Greece exported services to United States worth $1.06B, with Transportation ($717M), Travel ($98.3M), and Other business services ($90.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Greece () (2017)

Services Exports from Greece () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Greece () (2022)

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