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

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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 6 years the exports of Armenia to Albania have decreased at an annualized rate of 23.9%, from $29.8k in 2017 to $5.79k in 2023.

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

Albania-Armenia In N/A, Albania did not export any products to Armenia.

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

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 6 years the exports of Armenia to Albania have decreased at an annualized rate of 23.9%, from $29.8k in 2017 to $5.79k in 2023.

Albania does not register exports 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).

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

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

Latest Data

Trade between Armenia () and Albania ()

Armenia Exports

Date

Albania Exports

Date

Mar 2013

Sep 2012

Jul 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Albania
Top DestinationItaly$1.72B

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

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

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

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

Comparative Advantage Armenia - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, 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 Armenia Albania+$48.1kInsulated Wire

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

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Armenia () and Albania ()

Armenia Exports

Albania Exports

Market Competitiveness

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

Comparative Advantage Armenia - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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