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

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Albania-Armenia Trade: In 2023, Albania exported $1.34M to Armenia. The main products that Albania exported to Armenia were Non-Knit Women's Suits ($761k), Non-Knit Women's Shirts ($144k), and Knit Women's Suits ($75.4k). Over the past 5 years the exports of Albania to Armenia have decreased at an annualized rate of 4.06%, from $1.64M in 2018 to $1.34M in 2023.

In 2023, Albania did not export any services to Armenia.

Armenia-Albania Trade: In 2023, Armenia exported $5.79k to Albania. The main products that Armenia exported to Albania were Low-voltage Protection Equipment ($3.32k), Thermostats ($2.39k), and Other Plastic Products ($82). Over the past 5 years the exports of Armenia to Albania have increased at an annualized rate of 6.63%, from $4.2k in 2018 to $5.79k in 2023.

In 2023, Armenia did not export any services to Albania.

Comparison: In 2023, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $1.34M to Armenia. The main products exported from Albania to Armenia were Non-Knit Women's Suits ($761k), Non-Knit Women's Shirts ($144k), and Knit Women's Suits ($75.4k). During the last 5 years the exports of Albania to Armenia have decreased at an annualized rate of 4.06%, from $1.64M in 2018 to $1.34M in 2023.

In 2018, Armenia exported $5.79k to Albania. The main products exported from Armenia to Albania were Low-voltage Protection Equipment ($3.32k), Thermostats ($2.39k), and Other Plastic Products ($82). During the last 5 years the exports of Armenia to Albania have increased at an annualized rate of 6.63%, from $4.2k in 2023 to $5.79k in 2018.

Exports from Albania () to Armenia () (2023)

Exports from Armenia () to Albania () (2023)

Latest Data

Trade between Albania () and Armenia ()

Albania Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Albania than Armenia included Italy ($1.72B), Greece ($409M), and Serbia ($188M).

In 2023, countries that imported more from Armenia than Albania included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

Difference in imports from Armenia () and Albania () (2023)

Comparative Advantage Albania - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Armenia in the exports of Textiles ($1.17M), Mineral Products ($54k), and Footwear and Headwear ($34.3k).

During 2018, Armenia had a large net trade with Albania in the exports of Machines ($3.32k), Instruments ($2.39k), and Plastics and Rubbers ($82).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Top Product Potential Armenia Albania+$48.1kInsulated Wire

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Armenia () (2023)

Exports from Armenia () to Albania () (2023)

Latest Data

Trade between Albania () and Armenia ()

Albania Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Albania () (2023)

Comparative Advantage Albania - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and Armenia () (2023)

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