Summary
- Estimated value
- $6billion
- Of its seaborne trade
- 5.5%
- Exports
- $376million
- Imports
- $5.7billion
Trend
Estimated value per year
Greece’s estimated trade through the Strait of Hormuz rose 8% between 2019 and 2024
Value in USD billions
- Greece 6
Source: CEPII BACI
Show the numbers
| Year | Estimated value | Of its seaborne trade |
|---|---|---|
| 1995 | $522 million | 1.9% |
| 1996 | $567 million | 1.8% |
| 1997 | $618 million | 2.1% |
| 1998 | $774 million | 2.5% |
| 1999 | $614 million | 2% |
| 2000 | $1.5 billion | 4.7% |
| 2001 | $1.3 billion | 4.1% |
| 2002 | $721 million | 2.1% |
| 2003 | $1.1 billion | 2.6% |
| 2004 | $1.7 billion | 3.3% |
| 2005 | $2.1 billion | 3.8% |
| 2006 | $2.6 billion | 3.9% |
| 2007 | $3 billion | 4% |
| 2008 | $4 billion | 4.6% |
| 2009 | $2.6 billion | 3.9% |
| 2010 | $2.8 billion | 4.2% |
| 2011 | $5.8 billion | 8.1% |
| 2012 | $4.6 billion | 6.6% |
| 2013 | $5.2 billion | 7.3% |
| 2014 | $5.6 billion | 8% |
| 2015 | $3.7 billion | 6.5% |
| 2016 | $3.9 billion | 6.7% |
| 2017 | $5.4 billion | 8.2% |
| 2018 | $7.3 billion | 9.3% |
| 2019 | $5.6 billion | 7.4% |
| 2020 | $2.7 billion | 4.1% |
| 2021 | $6 billion | 6.5% |
| 2022 | $7.8 billion | 6.4% |
| 2023 | $6.7 billion | 6% |
| 2024 | $6 billion | 5.5% |
Partners whose trade crosses it
Estimated value of its trade with each partner that crosses the chokepoint; the percentage is the share of all its trade through the chokepoint, not of the pair’s trade.
What crosses it
The products with the highest estimated value in 2024, with their share of the total through the chokepoint.
Reference ports
Piraeus (100%)
Each port with the weight it receives from the country’s trade, based on where its GDP is generated and which coast is closest.
Keep reading
Sources and method
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
- Kummu et al., gridded GDP · CC BY 4.0 (split between ports done by this site)
Methodology
We estimate the value crossing each chokepoint from BACI trade that travels by sea according to our mode heuristic, split between each country’s ports by where its GDP is generated and which coast is closest, and routed over our own sea network. It is an estimate, not a count of ships. It covers 99.9% of seaborne trade. The approach follows Verschuur, Lumma and Hall (Nature Communications, 2025). Data up to 2024.