Germany-Greece Bilateral Trade Analysis 2023
Complete trade statistics: $12.34B total volume •Germany surplus: $5.80B
Germany → Greece
$9.07B
Exports (2023)
Greece → Germany
$3.27B
Imports (2023)
Trade Balance
$5.80B
Surplus for Germany
Total Trade
$12.34B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Germany and Greece. Green line shows exports from Germany, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Germany-Greece commercial relationship and competitive positioning in global markets.
Germany → Greece Exports
Export Market Intelligence
🎯 Strategic Export Focus
Germany's export portfolio to Greece demonstrates strong diversification across multiple sectors, with heterocyclic compounds: with oxygen hetero-atom(s) only, containing an unfused furan ring (whether or not hydrogenated) in the structure, n.e.c. in item no. 2932.1 representing a key competitive advantage in this bilateral market.
Greece → Germany Imports
Import Dependency Profile
📦 Import Strategy Analysis
Germany's import pattern from Greece reveals significant dependencyin medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Germany demonstrates competitive strength in exportingheterocyclic compounds: with oxygen hetero-atom(s) only, containing an unfused furan ring (whether or not hydrogenated) in the structure, n.e.c. in item no. 2932.1 to Greece, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $12.34B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Germany-Greece Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $12.34 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Germany maintains a surplus of $5.80 billion
- Export Focus: Germany's primary exports include heterocyclic compounds: with oxygen hetero-atom(s) only, containing an unfused furan ring (whether or not hydrogenated) in the structure, n.e.c. in item no. 2932.1, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc
- Import Dependencies: Key imports from Greece include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406, aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $12.34B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Germany leveraging its comparative advantages in heterocyclic compounds: with oxygen hetero-atom(s) only, containing an unfused furan ring (whether or not hydrogenated) in the structure, n.e.c. in item no. 2932.1.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Germany's specialization in heterocyclic compounds: with oxygen hetero-atom(s) only, containing an unfused furan ring (whether or not hydrogenated) in the structure, n.e.c. in item no. 2932.1complements Greece's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $12.34B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $12.34B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $12.34 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in heterocyclic compounds: with oxygen hetero-atom(s) only, containing an unfused furan ring (whether or not hydrogenated) in the structure, n.e.c. in item no. 2932.1 and medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Germany's trade surplus of $5.80 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Germany and Greece represents a total trade volume of $12.34 billion in 2023. This partnership demonstrates a favorable trade balance for Germany, with exports exceeding importsby $5.80 billion.
Export Strengths
Germany's exports to Greece total $9.07 billion, with competitive advantages in heterocyclic compounds: with oxygen hetero-atom(s) only, containing an unfused furan ring (whether or not hydrogenated) in the structure, n.e.c. in item no. 2932.1, representing $1.06B or11.6% of bilateral exports.
Import Dependencies
Imports from Greece amount to $3.27 billion, highlighting economic interdependence in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, with Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale comprising9.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Germany's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Germany and Greece in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023