Albania (ALB) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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Albania-Guinea Trade: In 2016, Albania exported $214k to Guinea. The main products that Albania exported to Guinea were N/A. Over the past 8 years the exports of Albania to Guinea have increased at an annualized rate of 11.8%, from $87.8k in 2008 to $214k in 2016.

In 2016, Albania did not export any services to Guinea.

Guinea-Albania Trade: In 2016, Guinea exported $394k to Albania. The main products that Guinea exported to Albania were N/A. Over the past 8 years the exports of Guinea to Albania have decreased at an annualized rate of 7.66%, from $1.41M in 2008 to $394k in 2016.

In 2016, Guinea 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, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2016, Albania exported $214k to Guinea. There were not main exports from Albania to Guinea in 2016. During the last 8 years the exports of Albania to Guinea have increased at an annualized rate of 11.8%, from $87.8k in 2008 to $214k in 2016.

In 2008, Guinea exported $394k to Albania. There were not main exports from Guinea to Albania in 2008. During the last 5 years the exports of Guinea to Albania have decreased at an annualized rate of 7.66%, from $1.41M in 2013 to $394k in 2008.

Exports from Albania () to Guinea () (2016)

Exports from Guinea () to Albania () (2016)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Guinea
Top DestinationUnited Arab Emirates$9.05B

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

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

In 2023, countries that imported more from Guinea than Albania included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

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

Comparative Advantage Albania - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2016, Albania had a large net trade with Guinea in the exports of .

During 2008, Guinea had a large net trade with Albania in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Guinea+$1.87kRefined Petroleum

Top Product Potential Guinea Albania+$1.62kGold

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

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Historical Data

Bilateral Trade by Products

Exports from Albania () to Guinea () (2016)

Exports from Guinea () to Albania () (2016)

Market Competitiveness

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

Comparative Advantage Albania - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and Guinea () (2016)

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