2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC 
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186

About

Albania-Greece Trade: In 2022, Albania exported $421M to Greece. The main products that Albania exported to Greece were Electricity ($263M), Other Processed Vegetables ($14.2M), and Knit Women's Suits ($7.87M). Over the past 5 years the exports of Albania to Greece have increased at an annualized rate of 31%, from $109M in 2017 to $421M in 2022.

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 2022, Greece exported $807M to Albania. The main products that Greece exported to Albania were Electricity ($213M), Refined Petroleum ($55.7M), and Other Processed Vegetables ($23.1M). Over the past 5 years the exports of Greece to Albania have increased at an annualized rate of 5.12%,  from $466M in 2017 to $807M in 2022.

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 2022,  Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $421M to Greece. The main products exported from Albania to Greece were Electricity ($263M), Other Processed Vegetables ($14.2M), and Knit Women's Suits ($7.87M). During the last 5 years the exports of Albania to Greece have increased at an annualized rate of 31%, from $109M in 2017 to $421M in 2022.

In 2017, Greece exported $807M to Albania. The main products exported from Greece to Albania were Electricity ($213M), Refined Petroleum ($55.7M), and Other Processed Vegetables ($23.1M). During the last 5 years the exports of Greece to Albania have increased at an annualized rate of 5.12%, from $466M in 2022 to $807M in 2017.

Exports from Albania (Flag) to Greece (Flag) (2022)

Exports from Greece (Flag) to Albania (Flag) (2022)

Latest Data

Trade between Albania (Flag) and Greece (Flag)

Albania Exports

Greece Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Greece
Top Destination
Italy$5.82B

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 2022, countries that imported more from Albania than Greece included Sao Tome and Principe ($21.5k).

In 2022, countries that imported more from Greece than Albania included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

Difference in imports from Greece (Flag) and Albania (Flag) (2022)

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 2022, Albania had a large net trade with Greece in the exports of Mineral Products ($270M), Metals ($48M), and Textiles ($43.6M).

During 2017, Greece had a large net trade with Albania in the exports of Mineral Products ($277M), Foodstuffs ($100M), and Metals ($85.3M).

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) (2022)

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