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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $7.2M in 2022.

In 2017, 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 2022 to $2.91M in 2017.

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

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

Latest Data

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

Hong Kong Exports

Albania Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Hong Kong - Albania

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Albania in the exports of N/A.

During 2017, Albania had a large net trade with Hong Kong in the exports of Precious Metals ($2.36M), Machines ($214k), and Foodstuffs ($206k).

Potential Exports

Potential Exports

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

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

Product Space of Hong Kong (Flag) and Albania (Flag) (2022)

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