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Trade between Greece and Russia

In 2024, Greece exported $88 million to Russia and imported $1.9 billion. Greece ran a deficit of $1.8 billion with Russia, compared with a deficit of $4.2 billion in 2019. Russia was Greece’s 22nd largest trading partner (1% of its trade), and Greece was Russia’s 33rd (0.3%).

Summary

Greece → Russia
$88million
Russia → Greece
$1.9billion
Greece’s balance
-$1.8billion

Balance

Greece’s trade balance with Russia

Trade between Greece and Russia grew 2-fold since 1995

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

  • Exports 0.1
  • Imports 1.9
  • Balance -1.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$269 million$701 million-$432 million
1996$301 million$681 million-$380 million
1997$313 million$612 million-$299 million
1998$202 million$514 million-$312 million
1999$210 million$629 million-$420 million
2000$201 million$1.3 billion-$1.1 billion
2001$214 million$1.7 billion-$1.5 billion
2002$236 million$2.2 billion-$1.9 billion
2003$241 million$2.5 billion-$2.3 billion
2004$251 million$2.8 billion-$2.6 billion
2005$266 million$4.2 billion-$3.9 billion
2006$335 million$4.4 billion-$4.1 billion
2007$419 million$4.2 billion-$3.8 billion
2008$496 million$7 billion-$6.5 billion
2009$355 million$4.2 billion-$3.8 billion
2010$452 million$6.1 billion-$5.6 billion
2011$627 million$5 billion-$4.4 billion
2012$661 million$7.7 billion-$7 billion
2013$631 million$8.6 billion-$7.9 billion
2014$529 million$6.3 billion-$5.8 billion
2015$254 million$3.7 billion-$3.4 billion
2016$263 million$3.2 billion-$3 billion
2017$322 million$4 billion-$3.7 billion
2018$329 million$4.9 billion-$4.6 billion
2019$267 million$4.5 billion-$4.2 billion
2020$229 million$3.3 billion-$3.1 billion
2021$298 million$4.9 billion-$4.6 billion
2022$157 million$9.8 billion-$9.7 billion
2023$95 million$2.6 billion-$2.5 billion
2024$88 million$1.9 billion-$1.8 billion

What they sell each other

What Greece sells to Russia

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

  1. Canned vegetables$9 million · 10.7%
    2 thousand tonnes
  2. 6 thousand tonnes
  3. Olive oil$8 million · 9.3%
    709 tonnes
  4. Makeup and skin care$7 million · 7.6%
    175 tonnes
  5. 725 tonnes
  6. Raw tobacco$5 million · 5.2%
    504 tonnes
  7. Worked stone$4 million · 4.3%
    2 thousand tonnes
  8. Razors and razor blades$4 million · 4.3%
    203 tonnes
  9. Magnesite and magnesia$3 million · 3.3%
    6 thousand tonnes
  10. Preserved fruit and nuts$2 million · 2.7%
    2 thousand tonnes

What Russia sells to Greece

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

  1. Natural gas and LPG$1.7 billion · 91.7%
    3.8 million tonnes
  2. Unwrought aluminum$80 million · 4.2%
    29 thousand tonnes · Russia’s destinations
  3. Mixed fertilizers$25 million · 1.3%
    53 thousand tonnes
  4. Wheat$20 million · 1.1%
    67 thousand tonnes · Russia’s destinations
  5. Nitrogen fertilizers$5 million · 0.27%
    14 thousand tonnes
  6. Sulfates and alums$5 million · 0.27%
    11 thousand tonnes
  7. 5 thousand tonnes
  8. Molasses$3 million · 0.17%
    24 thousand tonnes
  9. 26 thousand tonnes
  10. 1 thousand tonnes

How it travels

Estimated sea route from Piraeus to Saint Petersburg.

The estimated sea route between Piraeus and Saint Petersburg is 4,273 nautical miles (7,914 km) long: ≈ 10–12.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Gibraltar, Strait of Dover and Øresund.

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$2 billion · 99.7%
  2. Air$7 million · 0.34%

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

How much each matters to the other

Russia was Greece’s 22nd largest trading partner (1% of its trade), and Greece was Russia’s 33rd (0.3%).

Russia in Greece’s trade
1.4%
Russia’s rank among Greece’s partners
22nd
Greece in Russia’s trade
0.3%
Greece’s rank among Russia’s partners
33rd

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.