Greece-China Bilateral Trade Analysis 2023
Complete trade statistics: $9.54B total volume •Greece deficit: $8.46B
Greece → China
$542.82M
Exports (2023)
China → Greece
$9.00B
Imports (2023)
Trade Balance
$8.46B
Deficit for Greece
Total Trade
$9.54B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Greece and China. Green line shows exports from Greece, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Greece-China commercial relationship and competitive positioning in global markets.
Greece → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Greece's export portfolio to China demonstrates strong diversification across multiple sectors, with precious metal ores and concentrates: (excluding silver) representing a key competitive advantage in this bilateral market.
China → Greece Imports
Import Dependency Profile
📦 Import Strategy Analysis
Greece's import pattern from China reveals significant dependencyin electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Greece demonstrates competitive strength in exportingprecious metal ores and concentrates: (excluding silver) to China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $9.54B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Greece-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $9.54 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Greece maintains a deficit of $8.46 billion
- Export Focus: Greece's primary exports include precious metal ores and concentrates: (excluding silver), petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, marble and travertine: merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape, having a specific gravity of 2.5 or more
- Import Dependencies: Key imports from China include electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display, tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional 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 $9.54B 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 Greece leveraging its comparative advantages in precious metal ores and concentrates: (excluding silver).
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
Greece's specialization in precious metal ores and concentrates: (excluding silver)complements China's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $9.54B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $9.54B 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 $9.54 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in precious metal ores and concentrates: (excluding silver) and electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Greece's trade deficit of $8.46 billion impacts 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 Greece and China represents a total trade volume of $9.54 billion in 2023. This partnership demonstrates an unfavorable trade balance for Greece, with imports exceeding exportsby $8.46 billion.
Export Strengths
Greece's exports to China total $542.82 million, with competitive advantages in precious metal ores and concentrates: (excluding silver), representing $65.52M or12.1% of bilateral exports.
Import Dependencies
Imports from China amount to $9.00 billion, highlighting economic interdependence in electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), with Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (LED) comprising9.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Greece's strategic sourcing from China. 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 Greece and China in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023