Georgia (GEO) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Georgia-Albania Trade: In 2022, Georgia exported $700k to Albania. The main products that Georgia exported to Albania were Cars ($515k), Frozen Bovine Meat ($81k), and Plant foliage ($52.9k). Over the past 5 years the exports of Georgia to Albania have increased at an annualized rate of 67.6%, from $52.9k in 2017 to $700k in 2022.

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

Albania-Georgia Trade: In 2022, Albania exported $5.16M to Georgia. The main products that Albania exported to Georgia were Copper Ore ($4.34M), Artificial Graphite ($290k), and Refined Petroleum ($244k). Over the past 5 years the exports of Albania to Georgia have increased at an annualized rate of 87.5%, from $222k in 2017 to $5.16M in 2022.

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

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). 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, Georgia exported $700k to Albania. The main products exported from Georgia to Albania were Cars ($515k), Frozen Bovine Meat ($81k), and Plant foliage ($52.9k). During the last 5 years the exports of Georgia to Albania have increased at an annualized rate of 67.6%, from $52.9k in 2017 to $700k in 2022.

In 2017, Albania exported $5.16M to Georgia. The main products exported from Albania to Georgia were Copper Ore ($4.34M), Artificial Graphite ($290k), and Refined Petroleum ($244k). During the last 5 years the exports of Albania to Georgia have increased at an annualized rate of 87.5%, from $222k in 2022 to $5.16M in 2017.

Exports from Georgia () to Albania () (2022)

Exports from Albania () to Georgia () (2022)

Latest Data

Trade between Georgia () and Albania ()

Georgia Exports

Date

Albania Exports

Date

Jan 2014

Jun 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Georgia than Albania included Azerbaijan ($668M), Russia ($642M), and China ($759M).

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

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

Comparative Advantage Georgia - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Albania in the exports of Transportation ($515k), Animal Products ($81k), and Vegetable Products ($52.9k).

During 2017, Albania had a large net trade with Georgia in the exports of Mineral Products ($4.58M), Chemical Products ($378k), and Vegetable Products ($144k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Albania+$2.39kElectricity

Top Product Potential Albania Georgia+$2.05kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Albania () (2022)

Exports from Albania () to Georgia () (2022)

Latest Data

Trade between Georgia () and Albania ()

Georgia Exports

Albania Exports

Market Competitiveness

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

Comparative Advantage Georgia - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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