2022
Exports
$19.7BWorld Rnk 35 / 216
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$29.7BWorld Rnk 24 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Greece
0.33Rnk 50 / 133

About

Exports In 2022, Greece exported $19.7B in Mineral fuels, mineral oils and products of their distillation, making it the 35th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most exported product in Greece. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Greece are: Libya ($1.86B), Lebanon ($1.71B), Bulgaria ($1.59B), North Macedonia ($1.35B), and Gibraltar ($1.27B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Greece between 2021 and 2022 were Bulgaria ($979M), Libya ($759M), and North Macedonia ($722M).

Imports In 2022, Greece imported $29.7B in Mineral fuels, mineral oils and products of their distillation, becoming the 24th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Greece. Greece imports Mineral fuels, mineral oils and products of their distillation primarily from: Russia ($7.94B), Iraq ($6.27B), Libya ($2.22B), United States ($1.86B), and Kazakhstan ($1.7B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Greece between 2021 and 2022 were Russia ($3.96B), Iraq ($1.92B), and Libya ($1.3B).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.7B
IMPORTS (2022)$29.7B
NET TRADE (2022)-$9.98B

In 2022, Greece exported $19.7B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Greece exports on Mineral fuels, mineral oils and products of their distillation were Libya ($1.86B), Lebanon ($1.71B), Bulgaria ($1.59B), North Macedonia ($1.35B), and Gibraltar ($1.27B).

In 2022, Greece imported $29.7B in Mineral fuels, mineral oils and products of their distillation, mainly from Russia ($7.94B), Iraq ($6.27B), Libya ($2.22B), United States ($1.86B), and Kazakhstan ($1.7B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Greece WERE (2021 - 2022):
Bulgaria$979M (160%)
Libya$759M (68.7%)
North Macedonia$722M (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Greece WERE (2021 - 2022):
South Korea-$310M (-33.1%)
Saudi Arabia-$298M (-54%)
China-$244M (-79.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Greece's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Greece's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $460M
TOP IMPORT POTENTIALAlgeria+ $545M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is United States. With an export gap of $460M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Algeria with an import gap of $545M.

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