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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $565M in 2023.

In 2018, 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 2023 to $409M in 2018.

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

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

Latest Data

Trade between Greece (Flag) and Albania (Flag)

Greece Exports

Albania Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Greece - Albania

Flow
Scale

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

During 2023, Greece had a large net trade with Albania in the exports of Foodstuffs ($96.4M), Metals ($66.3M), and Chemical Products ($63.8M).

During 2018, Albania had a large net trade with Greece in the exports of Mineral Products ($232M), Textiles ($46.1M), and Metals ($42.8M).

Potential Exports

Potential Exports

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

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 Greece and Albania. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Greece.

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

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