Greek Exports to Japan Total 732 Million in 2023
Foodstuffs dominated the trade relationship, accounting for nearly 90 percent of goods sold to Japan in 2023.
Updated on Oct. 21, 2026 in International Trade
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Greece exported $732.36 million in goods to Japan during 2023, with the trade relationship heavily reliant on food products. This figure reflects the total value of 356 distinct product lines analyzed by researchers.
Why it matters
The heavy reliance on a single sector suggests that Greek export value remains highly sensitive to fluctuations in the food market. A hypothetical 10% decline in these specific exports would result in an 8.85% reduction in the total value of trade with Japan.
Foodstuffs accounted for $647.96 million, or 88.48% of total exports, while machinery and chemical products trailed at $23.31 million and $20.44 million respectively. The exported goods basket maintained an average complexity score of minus 0.101.
The players
Observatory of Economic Complexity
This organization maintains a global database used by researchers to analyze international trade patterns and product complexity.
The details
Researchers examined 356 product lines across 20 categories to determine the composition of Greek trade. The data highlights a significant concentration in agricultural and food sectors over industrial or high-tech manufacturing exports.
Timeline
The EU-Japan trade agreement took effect in 2019.
The trade data covers the full calendar year of 2023.
Market Dynamics
The trade relationship operates within the framework of the EU-Japan Economic Partnership Agreement, which took effect in 2019 to reduce trade barriers. This export profile underscores a significant reliance on primary sectors, positioning Greece differently than more industrialized EU member states.
For investors and businesses, the data indicates that Greek economic stability regarding Japan is tied directly to agricultural and food industry performance. Stakeholders should account for this lack of diversification when assessing risks related to food-sector volatility.
The takeaway
The data demonstrates that Greek exports to Japan lack significant diversification, as food products make up the vast majority of the trade volume. Businesses looking to expand in this market may find opportunities in moving toward higher-complexity goods to mitigate sectoral risks.
Further reading
Explore broader trends in International Trade to see how global partnerships shape national export profiles.
Source note: This article includes information reported by GreekReporter.
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