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Trade between Greece and Ukraine

In 2024, Greece exported $1.6 billion to Ukraine and imported $435 million. Greece ran a surplus of $1.2 billion with Ukraine, compared with a surplus of $44 million in 2019. Ukraine was Greece’s 21st largest trading partner (1% of its trade), and Greece was Ukraine’s 16th (2%).

Summary

Greece → Ukraine
$1.6billion
Ukraine → Greece
$435million
Greece’s balance
$1.2billion

Balance

Greece’s trade balance with Ukraine

Trade between Greece and Ukraine grew 10.8-fold since 1995

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

  • Exports 1.6
  • Imports 0.4
  • Balance +1.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$103 million$85 million$18 million
1996$99 million$125 million-$26 million
1997$104 million$102 million$2 million
1998$89 million$89 million$54 thousand
1999$56 million$105 million-$48 million
2000$42 million$128 million-$86 million
2001$47 million$208 million-$161 million
2002$46 million$296 million-$251 million
2003$59 million$297 million-$238 million
2004$58 million$199 million-$141 million
2005$72 million$195 million-$122 million
2006$92 million$257 million-$165 million
2007$136 million$386 million-$249 million
2008$197 million$645 million-$448 million
2009$98 million$252 million-$154 million
2010$115 million$249 million-$134 million
2011$144 million$333 million-$189 million
2012$201 million$250 million-$49 million
2013$280 million$218 million$62 million
2014$309 million$210 million$100 million
2015$238 million$188 million$50 million
2016$233 million$179 million$55 million
2017$237 million$220 million$17 million
2018$270 million$275 million-$5 million
2019$305 million$261 million$44 million
2020$315 million$199 million$116 million
2021$447 million$235 million$212 million
2022$716 million$253 million$463 million
2023$1.2 billion$313 million$915 million
2024$1.6 billion$435 million$1.2 billion

What they sell each other

What Greece sells to Ukraine

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

  1. Refined petroleum$1.4 billion · 84.4%
    1.6 million tonnes · Greece’s destinations
  2. Mixed fertilizers$48 million · 3%
    103 thousand tonnes
  3. 514 tonnes · Greece’s destinations
  4. Citrus fruit$24 million · 1.5%
    22 thousand tonnes
  5. 11 thousand tonnes
  6. 15 thousand tonnes
  7. Copper pipes$11 million · 0.68%
    995 tonnes
  8. Aluminum foil$9 million · 0.55%
    1 thousand tonnes
  9. Other processed tobacco$9 million · 0.53%
    220 tonnes
  10. 2 tonnes

What Ukraine sells to Greece

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

  1. Corn$84 million · 19.4%
    393 thousand tonnes · Ukraine’s destinations
  2. Wheat$48 million · 10.9%
    210 thousand tonnes · Ukraine’s destinations
  3. Soybeans$42 million · 9.7%
    91 thousand tonnes · Ukraine’s destinations
  4. Semi-finished steel$38 million · 8.8%
    85 thousand tonnes
  5. Hot-rolled flat steel$31 million · 7.1%
    52 thousand tonnes
  6. Rapeseed (canola)$30 million · 7%
    75 thousand tonnes · Ukraine’s destinations
  7. 28 thousand tonnes
  8. Poultry meat$15 million · 3.4%
    4 thousand tonnes
  9. Glass bottles and jars$12 million · 2.8%
    19 thousand tonnes
  10. Ferrous scrap$11 million · 2.6%
    34 thousand tonnes

How it travels

Estimated sea route from Piraeus to Odesa.

The estimated sea route between Piraeus and Odesa is 727 nautical miles (1,347 km) long: ≈ 1.5–2 days at sea (at 18 and 14 knots).

Passages it crosses: Dardanelles and Bosporus.

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 · 97.8%
  2. Air$46 million · 2.2%

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

How much each matters to the other

Ukraine was Greece’s 21st largest trading partner (1% of its trade), and Greece was Ukraine’s 16th (2%).

Ukraine in Greece’s trade
1.4%
Ukraine’s rank among Greece’s partners
21st
Greece in Ukraine’s trade
1.8%
Greece’s rank among Ukraine’s partners
16th

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.