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Trade between Greece and India

In 2024, Greece exported $185 million to India and imported $1.2 billion. Greece ran a deficit of $1 billion with India, compared with a deficit of $340 million in 2019. India was Greece’s 27th largest trading partner (1% of its trade), and Greece was India’s 73rd (0.1%).

Summary

Greece → India
$185million
India → Greece
$1.2billion
Greece’s balance
-$1billion

Balance

Greece’s trade balance with India

Trade between Greece and India grew 9.9-fold since 1995

USD billions (current). Greece’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.2
  • Imports 1.2
  • Balance -1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$30 million$109 million-$80 million
1996$21 million$133 million-$112 million
1997$36 million$127 million-$91 million
1998$14 million$172 million-$157 million
1999$45 million$127 million-$82 million
2000$35 million$139 million-$104 million
2001$52 million$170 million-$118 million
2002$128 million$207 million-$79 million
2003$57 million$267 million-$210 million
2004$28 million$419 million-$391 million
2005$56 million$563 million-$507 million
2006$83 million$686 million-$603 million
2007$77 million$689 million-$612 million
2008$147 million$840 million-$692 million
2009$171 million$715 million-$544 million
2010$111 million$613 million-$502 million
2011$136 million$863 million-$727 million
2012$125 million$393 million-$268 million
2013$118 million$465 million-$346 million
2014$142 million$452 million-$310 million
2015$125 million$351 million-$225 million
2016$103 million$355 million-$252 million
2017$156 million$448 million-$293 million
2018$230 million$520 million-$290 million
2019$136 million$476 million-$340 million
2020$143 million$483 million-$341 million
2021$301 million$855 million-$554 million
2022$619 million$1.2 billion-$546 million
2023$737 million$1 billion-$265 million
2024$185 million$1.2 billion-$1 billion

What they sell each other

What Greece sells to India

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$46 million · 24.7%
    46 thousand tonnes · Greece’s destinations
  2. Aluminum scrap$26 million · 14%
    12 thousand tonnes
  3. Waste paper$19 million · 10.3%
    106 thousand tonnes
  4. Copper scrap$10 million · 5.6%
    2 thousand tonnes
  5. Marble and travertine$9 million · 4.8%
    37 thousand tonnes
  6. Ferrous scrap$8 million · 4.4%
    12 thousand tonnes · India’s sources
  7. 5 thousand tonnes
  8. 36 tonnes · Greece’s destinations
  9. 794 tonnes
  10. 439 tonnes

What India sells to Greece

The top 10 headings in 2024, with their share of the total.

  1. Unwrought aluminum$227 million · 19%
    84 thousand tonnes · India’s destinations
  2. Motor and generator parts$99 million · 8.3%
    10 thousand tonnes
  3. 117 tonnes
  4. 217 tonnes
  5. Coated flat steel$40 million · 3.3%
    41 thousand tonnes
  6. 141 tonnes
  7. Other engines and motors$35 million · 2.9%
    3 thousand tonnes
  8. Ceramic tiles$34 million · 2.8%
    40 thousand tonnes
  9. 7 thousand tonnes
  10. 4 thousand tonnes

How it travels

Estimated sea route from Piraeus to Nhava Sheva (Mumbai).

The estimated sea route between Piraeus and Nhava Sheva (Mumbai) is 11,441 nautical miles (21,189 km) long: ≈ 26.5–34 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar and the Cape of Good Hope (11,441 nautical miles); and 15% via the Suez Canal and the Bab-el-Mandeb Strait (3,761 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.1 billion · 80.4%
  2. Air$271 million · 19.6%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

India was Greece’s 27th largest trading partner (1% of its trade), and Greece was India’s 73rd (0.1%).

India in Greece’s trade
1%
India’s rank among Greece’s partners
27th
Greece in India’s trade
0.1%
Greece’s rank among India’s partners
73rd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.