2023
Flag  
GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP
$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH
2.93%CURRENT US$
Rnk 166 / 195
2023
Flag
GDP PC 
$8,575CURRENT US$
Rnk 93 / 195
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195
2023
Flag
GDP PC
$23,401CURRENT US$
Rnk 53 / 196
2013-2023
Flag
GDP PC GROWTH
8.47%CURRENT US$
Rnk 139 / 195

About

Albania-Greece Trade: In 2023, Albania exported $409M to Greece. The main products that Albania exported to Greece were Electricity ($220M), Other Processed Vegetables ($30.5M), and Non-Knit Men's Suits ($14M). Over the past 5 years the exports of Albania to Greece have increased at an annualized rate of 23.3%, from $143M in 2018 to $409M in 2023.

In 2017, Albania exported services to Greece worth $420M, with Travel ($392M), Transportation ($10.5M), and Communications services ($7.57M) being the largest in terms of value.

Greece-Albania Trade: In 2023, Greece exported $565M to Albania. The main products that Greece exported to Albania were Refined Petroleum ($32.7M), Other Processed Vegetables ($22.7M), and Rolled Tobacco ($21.1M). Over the past 5 years the exports of Greece to Albania have increased at an annualized rate of 9.25%,  from $363M in 2018 to $565M in 2023.

In 2003, Greece exported services to Albania worth $193M, with Travel ($162M), Communications services ($19.5M), and Transportation ($4.9M) being the largest in terms of value.

Comparison: In 2023,  Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $409M to Greece. The main products exported from Albania to Greece were Electricity ($220M), Other Processed Vegetables ($30.5M), and Non-Knit Men's Suits ($14M). During the last 5 years the exports of Albania to Greece have increased at an annualized rate of 23.3%, from $143M in 2018 to $409M in 2023.

In 2018, Greece exported $565M to Albania. The main products exported from Greece to Albania were Refined Petroleum ($32.7M), Other Processed Vegetables ($22.7M), and Rolled Tobacco ($21.1M). During the last 5 years the exports of Greece to Albania have increased at an annualized rate of 9.25%, from $363M in 2023 to $565M in 2018.

Exports from Albania (Flag) to Greece (Flag) (2023)

Exports from Greece (Flag) to Albania (Flag) (2023)

Latest Data

Trade between Albania (Flag) and Greece (Flag)

Albania Exports

Greece Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.72B
Greece
Top Destination
Italy$6.21B

This map shows whether countries import more from Albania or Greece. Each country is colored based on the difference in imports they receive from Albania and Greece or the difference in the growth in imports.

In 2023, no countries were registered that imported more from Albania than from Greece.

In 2023, countries that imported more from Greece than Albania included Italy ($6.21B), Cyprus ($3.03B), and Germany ($3.06B).

Difference in imports from Greece (Flag) and Albania (Flag) (2023)

Comparative Advantage Albania - Greece

Flow
Scale

This chart compares trade between Albania and Greece by product, considering products traded by both, Albania and Greece.

During 2023, Albania had a large net trade with Greece in the exports of Mineral Products ($232M), Textiles ($46.1M), and Metals ($42.8M).

During 2018, Greece had a large net trade with Albania in the exports of Foodstuffs ($96.4M), Metals ($66.3M), and Chemical Products ($63.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Greece+$2.85MPetroleum Gas
Top Product Potential Greece Albania+$15.9MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Albania and Greece. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Albania.

Product Space of Albania (Flag) and Greece (Flag) (2023)

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