2022
Flag  
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
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 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
2022
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GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

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.

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.

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $811M in 2022.

In 2017, 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 2022 to $1.24B in 2017.

Exports from Greece (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Greece (Flag) (2022)

Latest Data

Trade between Greece (Flag) and South Korea (Flag)

Greece Exports

South Korea Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Greece than South Korea included Bulgaria ($3.62B), Cyprus ($2.92B), and North Macedonia ($1.7B).

In 2022, countries that imported more from South Korea than Greece included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Greece (Flag) (2022)

Comparative Advantage Greece - South Korea

Flow
Scale

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

During 2022, Greece had a large net trade with South Korea in the exports of Mineral Products ($632M), Chemical Products ($84.8M), and Machines ($24.6M).

During 2017, South Korea had a large net trade with Greece in the exports of Transportation ($844M), Plastics and Rubbers ($108M), and Machines ($102M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece South Korea+$81.9MRefined Petroleum
Top Product Potential South Korea Greece+$59.8MCars

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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Economic Complexity

Competitive Landscape

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

Product Space of Greece (Flag) and South Korea (Flag) (2022)

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