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2022
Flag → Flag
Exports $1.24BRnk 50 / 220
2022
Flag → Flag
Top Product $772MPassenger and Cargo Ships
2022
Flag → Flag
Exports $811MRnk 18 / 208
2022
Flag → Flag
Top Product $627MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

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).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $28.3M and imported $15.4M from Greece, resulting in a positive trade balance of $12.9M. Between July 2023 and July 2024 the exports of South Korea have decreased by $-174k (-0.61%) from $28.5M to $28.3M, while imports decreased by $-6.29M (-29%) from $21.7M to $15.4M.

Trade In July 2024, the top exports of South Korea to Greece were Plastics & articles thereof ($11M), Cars, tractors, trucks & parts thereof. ($7.81M), Organic chemicals ($5.92M), Electrical machinery and electronics ($3.67M), and Machinery, mechanical appliances, & parts ($3.64M). In July 2024 the top imports of South Korea from Greece were Mineral fuels, mineral oils and products... ($64.9M), Pharmaceutical products ($8.59M), Copper articles ($1.49M), Paper articles ($657k), and Edible fruits, nuts & fruit peels ($551k).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Greece was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-1.27M or -14%), Machinery, mechanical appliances, & parts ($-476k or -11.6%), and Iron or steel articles ($-435k or -66%). In July 2024, the decrease in South Korea's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-57.1M or -46.8%), Pharmaceutical products ($-7.11M or -45.3%), and Tobacco & substitutes ($-446k or -64.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-174k(-0.61%)
IMPORT GROWTH (July 2023 - July 2024)$-6.29M(-29%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Greece and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and South Korea Data

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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 DestinationChina$150B
Greece
Top DestinationItaly$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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