Armenia (ARM) and Albania (ALB) Trade | The Observatory of Economic Complexity

About

Armenia-Albania Trade: In 2022, Armenia exported $129k to Albania. The main products that Armenia exported to Albania were Insulated Wire ($74.9k), Fork-Lifts ($30.9k), and Electric Generating Sets ($23.3k). Over the past 6 years the exports of Armenia to Albania have increased at an annualized rate of 85.8%, from $3.14k in 2016 to $129k in 2022.

In 2022, Armenia did not export any services to Albania.

Albania-Armenia Trade: In 2022, Albania exported $1.43M to Armenia. The main products that Albania exported to Armenia were Non-Knit Women's Suits ($914k), Non-Knit Women's Shirts ($130k), and Knit Women's Suits ($95k). Over the past 6 years the exports of Albania to Armenia have increased at an annualized rate of 21.4%, from $369k in 2016 to $1.43M in 2022.

In 2022, Albania did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $129k to Albania. The main products exported from Armenia to Albania were Insulated Wire ($74.9k), Fork-Lifts ($30.9k), and Electric Generating Sets ($23.3k). During the last 6 years the exports of Armenia to Albania have increased at an annualized rate of 85.8%, from $3.14k in 2016 to $129k in 2022.

In 2017, Albania exported $1.43M to Armenia. The main products exported from Albania to Armenia were Non-Knit Women's Suits ($914k), Non-Knit Women's Shirts ($130k), and Knit Women's Suits ($95k). During the last 5 years the exports of Albania to Armenia have increased at an annualized rate of 21.4%, from $369k in 2022 to $1.43M in 2017.

Exports from Armenia () to Albania () (2022)

Exports from Albania () to Armenia () (2022)

Latest Data

Trade between Armenia () and Albania ()

Armenia Exports

Date

Albania Exports

Date

Mar 2013

Sep 2012

Jul 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Armenia than Albania included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

In 2022, countries that imported more from Albania than Armenia included Italy ($1.75B), Greece ($421M), and Spain ($309M).

Difference in imports from Albania () and Armenia () (2022)

Comparative Advantage Armenia - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with Albania in the exports of Machines ($129k).

During 2017, Albania had a large net trade with Armenia in the exports of Textiles ($1.37M), Footwear and Headwear ($25.5k), and Vegetable Products ($20.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Albania+$48.1kInsulated Wire

Top Product Potential Albania Armenia+$93.3kNon-Knit Men's Suits

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Albania () (2022)

Exports from Albania () to Armenia () (2022)

Latest Data

Trade between Armenia () and Albania ()

Armenia Exports

Albania Exports

Market Competitiveness

Difference in imports from Albania () and Armenia () (2022)

Comparative Advantage Armenia - Albania

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Armenia () and Albania () (2022)

Keep Exploring