Flag Greece / Albania Flag

2019
FlagFlag
Exports
: $641M, Rnk 17 / 208

2019
FlagFlag
Top Product
: $186M, Refined Petroleum

2019
FlagFlag
Exports
: $143M, Rnk 4 / 112

2019
FlagFlag
Top Product
: $45.5M, Electricity

2019
Flag
Economic Complexity (ECI)
: ECI 0.35, Rnk 52 / 146

2019
Flag
Economic Complexity (ECI)
: ECI -0.29, Rnk 84 / 146

2019
Flag  
GDP
: $210B, CURRENT US$
Rnk 50 / 187

2009-2019
Flag
GDP GROWTH
: -36.4%, CURRENT US$
Rnk 186 / 187

2019
Flag
 GDP
: $15.3B, CURRENT US$
Rnk 122 / 187

2009-2019
Flag
GDP GROWTH
: 26.9%, CURRENT US$
Rnk 133 / 187

2019
Flag
GDP PC 
: $19,583, CURRENT US$
Rnk 47 / 187

2009-2019
Flag
GDP PC GROWTH
: -34.1%, CURRENT US$
Rnk 185 / 187

2019
Flag
GDP PC
: $5,353, CURRENT US$
Rnk 103 / 187

2009-2019
Flag
GDP PC GROWTH
: 30.1%, CURRENT US$
Rnk 89 / 187

Greece-Albania: In 2019, Greece exported $641M to Albania. The main products that Greece exported to Albania are Refined Petroleum ($186M), Electricity ($27.6M), and Raw Iron Bars ($21.7M). During the last 24 years the exports of Greece to Albania have increased at an annualized rate of 3.82%, from $260M in 1995 to $641M in 2019.

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: In 2019, Albania exported $143M to Greece . The main products that Albania exported to Greece were Electricity ($45.5M), Other Processed Vegetables ($8.32M), and Knit Women's Suits ($6.25M). During the last 24 years the exports of Albania to Greece have increased at an annualized rate of 5.77%, from $37.1M in 1995 to $143M in 2019.

In 2019, Albania did not exported services to Greece.

Comparison: In 2019,  Greece ranked 52 in the Economic Complexity Index (ECI 0.35), and 58 in total exports ($37B). That same year, Albania ranked 84 in the Economic Complexity Index (ECI -0.29), and 135 in total exports ($2.67B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2019, Greece exported $641M to Albania. The main products exported from Greece to Albania were Refined Petroleum ($186M), Electricity ($27.6M), and Raw Iron Bars ($21.7M). During the last 24 years the exports of Greece to Albania have increased at an annualized rate of 3.82%, from $260M in 1995 to $641M in 2019.

In 2019, Albania exported $143M to Greece. The main products exported from Albania to Greece were Electricity ($45.5M), Other Processed Vegetables ($8.32M), and Knit Women's Suits ($6.25M). During the last 24 years the exports of Albania to Greece have increased at an annualized rate of 5.77%, from $37.1M in 1995 to $143M in 2019.

Market Competitiveness

#permalink to section
Measure

Greece
Top Destination
: Italy, $3.67B

Albania
Top Destination
: Italy, $1.21B

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 2019, countries that imported more from Greece than Albania were Italy ($3.67B), Germany ($2.46B), and Turkey ($2.02B).

In 2019, countries that imported more from Albania than Greece were Gambia ($787k) and Sao Tome and Principe ($2.39k).

Comparative Advantage Greece - Albania

#permalink to section
Depth

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

During 2019, Greece had a large net trade with Albania in the exports of Mineral Products ($222M), Foodstuffs ($77M), and Metals ($64M).

During 2019, Albania had a large net trade with Greece in the exports of Mineral Products ($52.5M), Textiles ($39.1M), and Foodstuffs ($11M).

Bilateral Service Trade

#permalink to section
Grc Year

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.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Greece has comparative advantage over Albania. Similarly, the more red a dot/product is, the more Albania has comparative advantage over Greece.