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Trade between Greece and Saudi Arabia

In 2024, Greece exported $588 million to Saudi Arabia and imported $1.6 billion. Greece ran a deficit of $1.1 billion with Saudi Arabia, compared with a deficit of $96 million in 2019. Saudi Arabia was Greece’s 20th largest trading partner (2% of its trade), and Greece was Saudi Arabia’s 36th (0.4%).

Summary

Greece → Saudi Arabia
$588million
Saudi Arabia → Greece
$1.6billion
Greece’s balance
-$1.1billion

Balance

Greece’s trade balance with Saudi Arabia

Trade between Greece and Saudi Arabia grew 5.9-fold since 1995

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

  • Exports 0.6
  • Imports 1.6
  • Balance -1.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$109 million$272 million-$163 million
1996$124 million$393 million-$268 million
1997$82 million$495 million-$413 million
1998$94 million$468 million-$375 million
1999$79 million$290 million-$212 million
2000$77 million$941 million-$864 million
2001$85 million$1.1 billion-$972 million
2002$96 million$889 million-$793 million
2003$86 million$1.2 billion-$1.2 billion
2004$99 million$1.6 billion-$1.5 billion
2005$119 million$2.3 billion-$2.1 billion
2006$116 million$2.5 billion-$2.3 billion
2007$120 million$1.3 billion-$1.2 billion
2008$219 million$2.1 billion-$1.9 billion
2009$102 million$1 billion-$916 million
2010$171 million$1.6 billion-$1.4 billion
2011$329 million$2.4 billion-$2.1 billion
2012$543 million$3.4 billion-$2.9 billion
2013$626 million$1.6 billion-$938 million
2014$964 million$1.7 billion-$777 million
2015$557 million$1.1 billion-$505 million
2016$479 million$934 million-$454 million
2017$850 million$1.1 billion-$240 million
2018$831 million$1.2 billion-$364 million
2019$898 million$993 million-$96 million
2020$413 million$619 million-$206 million
2021$634 million$840 million-$206 million
2022$1.5 billion$2.1 billion-$601 million
2023$1.7 billion$1.1 billion$538 million
2024$588 million$1.6 billion-$1.1 billion

What they sell each other

What Greece sells to Saudi Arabia

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

  1. Refined petroleum$342 million · 58.1%
    489 thousand tonnes · Greece’s destinations
  2. Worked stone$32 million · 5.4%
    28 thousand tonnes
  3. 284 tonnes · Greece’s destinations
  4. Other oilseeds$14 million · 2.4%
    42 thousand tonnes
  5. 4 thousand tonnes
  6. Canned vegetables$8 million · 1.4%
    2 thousand tonnes
  7. 1 thousand tonnes
  8. 1 thousand tonnes
  9. Detergents and surfactants$6 million · 1.1%
    5 thousand tonnes
  10. Marble and travertine$6 million · 1.1%
    19 thousand tonnes

What Saudi Arabia sells to Greece

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

  1. Crude petroleum$1.3 billion · 78.9%
    2.2 million tonnes · Saudi Arabia’s destinations
  2. Refined petroleum$148 million · 9%
    210 thousand tonnes · Saudi Arabia’s destinations
  3. Polyethylene$47 million · 2.9%
    44 thousand tonnes · Saudi Arabia’s destinations
  4. Polypropylene$39 million · 2.3%
    31 thousand tonnes · Saudi Arabia’s destinations
  5. Copper scrap$36 million · 2.2%
    4 thousand tonnes
  6. Cyclic hydrocarbons$28 million · 1.7%
    21 thousand tonnes
  7. Aluminum scrap$16 million · 0.96%
    7 thousand tonnes
  8. Unwrought aluminum$7 million · 0.45%
    2 thousand tonnes
  9. Plastic sheets and film$6 million · 0.36%
    4 thousand tonnes
  10. Mixed alkylbenzenes$5 million · 0.29%
    3 thousand tonnes

How it travels

Estimated sea route from Piraeus to Jeddah.

The estimated sea route between Piraeus and Jeddah is 1,341 nautical miles (2,484 km) long: ≈ 3–4 days at sea (at 18 and 14 knots).

Passages it crosses: Suez Canal.

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$2.2 billion · 97.6%
  2. Air$53 million · 2.4%

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

How much each matters to the other

Saudi Arabia was Greece’s 20th largest trading partner (2% of its trade), and Greece was Saudi Arabia’s 36th (0.4%).

Saudi Arabia in Greece’s trade
1.6%
Saudi Arabia’s rank among Greece’s partners
20th
Greece in Saudi Arabia’s trade
0.4%
Greece’s rank among Saudi Arabia’s partners
36th

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.