2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC 
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Albania-Hong Kong Trade: In 2022, Albania exported $2.91M to Hong Kong. The main products that Albania exported to Hong Kong were Diamonds ($2.26M), Processed Crustaceans ($206k), and Telephones ($193k). Over the past 5 years the exports of Albania to Hong Kong have decreased at an annualized rate of 18.1%, from $7.9M in 2017 to $2.91M in 2022.

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 2022, Hong Kong exported $7.2M to Albania. The main products that Hong Kong exported to Albania were Frozen Bovine Meat ($2.57M), Broadcasting Equipment ($1.2M), and Base Metal Watches ($539k). Over the past 5 years the exports of Hong Kong to Albania have increased at an annualized rate of 10.2%,  from $4.42M in 2017 to $7.2M in 2022.

In 2022, Hong Kong did not export any services to Albania.

Comparison: In 2022,  Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $2.91M to Hong Kong. The main products exported from Albania to Hong Kong were Diamonds ($2.26M), Processed Crustaceans ($206k), and Telephones ($193k). During the last 5 years the exports of Albania to Hong Kong have decreased at an annualized rate of 18.1%, from $7.9M in 2017 to $2.91M in 2022.

In 2017, Hong Kong exported $7.2M to Albania. The main products exported from Hong Kong to Albania were Frozen Bovine Meat ($2.57M), Broadcasting Equipment ($1.2M), and Base Metal Watches ($539k). During the last 5 years the exports of Hong Kong to Albania have increased at an annualized rate of 10.2%, from $4.42M in 2022 to $7.2M in 2017.

Exports from Albania (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Albania (Flag) (2022)

Latest Data

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

Albania Exports

Hong Kong Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Hong Kong
Top Destination
China$23.4B

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 2022, countries that imported more from Albania than Hong Kong included Italy ($1.75B), Greece ($421M), and North Macedonia ($101M).

In 2022, countries that imported more from Hong Kong than Albania included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Albania (Flag) (2022)

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 2022, Albania had a large net trade with Hong Kong in the exports of Precious Metals ($2.36M), Machines ($214k), and Foodstuffs ($206k).

During 2017, Hong Kong had a large net trade with Albania in the exports of Machines ($2.61M), Animal Products ($2.57M), and Instruments ($1.13M).

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) (2022)

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