2022
Exports
$16.4BWorld Rnk 18 / 214
Flag Rnk 1 / 1199
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$6.69BWorld Rnk 43 / 225
Flag Rnk 3 / 1208
2022
ECONOMIC COMPLEXITY of Greece
0.33Rnk 50 / 133

About

Exports In 2022, Greece exported $16.4B in Refined Petroleum, making it the 18th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Greece. The main destination of Refined Petroleum exports from Greece are: Libya ($1.85B), Lebanon ($1.67B), Gibraltar ($1.26B), Turkey ($1.09B), and North Macedonia ($1.05B).

The fastest growing export markets for Refined Petroleum of Greece between 2021 and 2022 were Libya ($752M), Gibraltar ($661M), and North Macedonia ($523M).

Imports In 2022, Greece imported $6.69B in Refined Petroleum, becoming the 43rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Greece. Greece imports Refined Petroleum primarily from: Russia ($3.96B), Turkey ($347M), Israel ($340M), Italy ($335M), and France ($298M).

The fastest growing import markets in Refined Petroleum for Greece between 2021 and 2022 were Russia ($1.87B), France ($233M), and Saudi Arabia ($188M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
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 Refined Petroleum. 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)$16.4B
IMPORTS (2022)$6.69B
NET TRADE (2022)$9.66B

In 2022, Greece exported $16.4B in Refined Petroleum. The main destinations of Greece exports on Refined Petroleum were Libya ($1.85B), Lebanon ($1.67B), Gibraltar ($1.26B), Turkey ($1.09B), and North Macedonia ($1.05B).

In 2022, Greece imported $6.69B in Refined Petroleum, mainly from Russia ($3.96B), Turkey ($347M), Israel ($340M), Italy ($335M), and France ($298M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Greece WERE (2021 - 2022):
Libya$752M (68.2%)
Gibraltar$661M (110%)
North Macedonia$523M (99.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Greece WERE (2021 - 2022):
South Korea-$310M (-33.1%)
Saudi Arabia-$298M (-54%)
China-$244M (-79.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Greece's main exporting competitors in Refined Petroleum were:
In 2022, Greece's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $433M
TOP IMPORT POTENTIALSaudi Arabia+ $190M

Refined Petroleum’s highest export potential is United States. With an export gap of $433M.   Refined Petroleum’s highest import potential is Saudi Arabia with an import gap of $190M.

See methodology.

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