2023
Flag  
GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC 
$8,575CURRENT US$
Rnk 93 / 195
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195
2023
Flag
GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Albania-Hong Kong Trade: In 2023, Albania exported $3.73M to Hong Kong. The main products that Albania exported to Hong Kong were Chromium Ore ($2.31M), Processed Crustaceans ($855k), and Telephones ($269k). Over the past 5 years the exports of Albania to Hong Kong have increased at an annualized rate of 42.1%, from $643k in 2018 to $3.73M in 2023.

In 2017, Albania exported services to Hong Kong worth $5.08M, with Other business services ($3.16M), Construction services ($1.13M), and Transportation ($452k) being the largest in terms of value.

Hong Kong-Albania Trade: In 2023, Hong Kong exported $2.82M to Albania. The main products that Hong Kong exported to Albania were Computers ($359k), Base Metal Watches ($287k), and Jewellery ($176k). Over the past 5 years the exports of Hong Kong to Albania have decreased at an annualized rate of 0.87%,  from $2.99M in 2018 to $2.82M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $3.73M to Hong Kong. The main products exported from Albania to Hong Kong were Chromium Ore ($2.31M), Processed Crustaceans ($855k), and Telephones ($269k). During the last 5 years the exports of Albania to Hong Kong have increased at an annualized rate of 42.1%, from $643k in 2018 to $3.73M in 2023.

In 2018, Hong Kong exported $2.82M to Albania. The main products exported from Hong Kong to Albania were Computers ($359k), Base Metal Watches ($287k), and Jewellery ($176k). During the last 5 years the exports of Hong Kong to Albania have decreased at an annualized rate of 0.87%, from $2.99M in 2023 to $2.82M in 2018.

Exports from Albania (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Albania (Flag) (2023)

Latest Data

Trade between Albania (Flag) and Hong Kong (Flag)

Albania Exports

Hong Kong Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.72B
Hong Kong
Top Destination
China$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Albania included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Albania (Flag) (2023)

Comparative Advantage Albania - Hong Kong

Flow
Scale

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

During 2023, Albania had a large net trade with Hong Kong in the exports of Mineral Products ($2.31M), Foodstuffs ($855k), and Machines ($313k).

During 2018, Hong Kong had a large net trade with Albania in the exports of Machines ($1.34M), Instruments ($602k), and Precious Metals ($199k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Hong Kong+$814kDiamonds
Top Product Potential Hong Kong Albania+$1.24MTelephones

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

Product Space of Albania (Flag) and Hong Kong (Flag) (2023)

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