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Trade between Greece and Italy

In 2024, Greece exported $4.9 billion to Italy and imported $7.4 billion. Greece ran a deficit of $2.5 billion with Italy, compared with a deficit of $1.5 billion in 2019. Italy was Greece’s 2nd largest trading partner (9% of its trade), and Greece was Italy’s 21st (1%).

Summary

Greece → Italy
$4.9billion
Italy → Greece
$7.4billion
Greece’s balance
-$2.5billion

Balance

Greece’s trade balance with Italy

Trade between Greece and Italy grew 2.1-fold since 1995

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

  • Exports 4.9
  • Imports 7.4
  • Balance -2.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.5 billion$4.4 billion-$2.9 billion
1996$1.6 billion$4.9 billion-$3.3 billion
1997$1.4 billion$4.5 billion-$3.1 billion
1998$1.2 billion$4.9 billion-$3.6 billion
1999$1.6 billion$4.8 billion-$3.2 billion
2000$1.3 billion$4.1 billion-$2.8 billion
2001$1.2 billion$3.6 billion-$2.4 billion
2002$1.2 billion$3.9 billion-$2.7 billion
2003$1.6 billion$5.7 billion-$4.1 billion
2004$1.8 billion$6.8 billion-$5 billion
2005$1.9 billion$6.5 billion-$4.6 billion
2006$2.4 billion$7.3 billion-$4.8 billion
2007$2.8 billion$9 billion-$6.3 billion
2008$2.7 billion$10.8 billion-$8.1 billion
2009$2 billion$8.1 billion-$6.1 billion
2010$2.6 billion$6.5 billion-$4 billion
2011$3 billion$6 billion-$2.9 billion
2012$2.8 billion$4.9 billion-$2.1 billion
2013$3.1 billion$4.7 billion-$1.6 billion
2014$3.1 billion$4.8 billion-$1.8 billion
2015$2.9 billion$3.8 billion-$950 million
2016$2.9 billion$4 billion-$1.1 billion
2017$3 billion$4.2 billion-$1.2 billion
2018$3.7 billion$4.9 billion-$1.2 billion
2019$3.5 billion$5 billion-$1.5 billion
2020$3.5 billion$4.7 billion-$1.2 billion
2021$3.9 billion$6.1 billion-$2.2 billion
2022$6.2 billion$6.2 billion$21 million
2023$6.2 billion$6.9 billion-$631 million
2024$4.9 billion$7.4 billion-$2.5 billion

What they sell each other

What Greece sells to Italy

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

  1. Refined petroleum$659 million · 13.4%
    1 million tonnes · Greece’s destinations
  2. Olive oil$537 million · 10.9%
    72 thousand tonnes · Italy’s sources
  3. Computers$271 million · 5.5%
    2 thousand tonnes · Italy’s sources
  4. Electricity$270 million · 5.5%
    Italy’s sources
  5. Fresh fish$256 million · 5.2%
    37 thousand tonnes
  6. Unwrought aluminum$239 million · 4.9%
    92 thousand tonnes · Italy’s sources
  7. Wheat$185 million · 3.8%
    625 thousand tonnes · Italy’s sources
  8. Yogurt and fermented milk$174 million · 3.5%
    71 thousand tonnes
  9. 2 thousand tonnes · Greece’s destinations
  10. Cheese$119 million · 2.4%
    15 thousand tonnes · Italy’s sources

What Italy sells to Greece

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

  1. 197 tonnes
  2. 8 thousand tonnes · Italy’s destinations
  3. Electricity$223 million · 3%
  4. Cars$159 million · 2.2%
    13 thousand tonnes · Italy’s destinations
  5. Refined petroleum$143 million · 1.9%
    226 thousand tonnes · Italy’s destinations
  6. Aircraft parts$130 million · 1.8%
    302 tonnes
  7. Coffee$116 million · 1.6%
    11 thousand tonnes · Italy’s destinations
  8. Vaccines, blood and antisera$114 million · 1.5%
    228 tonnes · Italy’s destinations
  9. Valves and taps$109 million · 1.5%
    6 thousand tonnes
  10. Air conditioners$88 million · 1.2%
    6 thousand tonnes · Italy’s destinations

How it travels

Estimated sea route from Piraeus to Genoa.

The estimated sea route between Piraeus and Genoa is 1,016 nautical miles (1,882 km) long: ≈ 2.5–3 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

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$10.2 billion · 83%
  2. Air$2.1 billion · 17%

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

How much each matters to the other

Italy was Greece’s 2nd largest trading partner (9% of its trade), and Greece was Italy’s 21st (1%).

Italy in Greece’s trade
8.7%
Italy’s rank among Greece’s partners
2nd
Greece in Italy’s trade
1%
Greece’s rank among Italy’s partners
21st

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.