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2022
Flag → Flag
Exports $341MRnk 95 / 223
2022
Flag → Flag
Top Product $67.1MCars
2022
Flag → Flag
Exports $212MRnk 4 / 129
2022
Flag → Flag
Top Product $42.9MNon-Knit Men's Suits
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
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GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
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GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Germany-Albania Trade: In 2022, Germany exported $341M to Albania. The main products that Germany exported to Albania were Cars ($67.1M), Packaged Medicaments ($17M), and Insulated Wire ($11.3M). Over the past 5 years the exports of Germany to Albania have decreased at an annualized rate of 0.91%, from $357M in 2017 to $341M in 2022.

In 2022, Germany did not export any services to Albania.

Albania-Germany Trade: In 2022, Albania exported $212M to Germany. The main products that Albania exported to Germany were Non-Knit Men's Suits ($42.9M), Leather Footwear ($24.1M), and Ferroalloys ($18.1M). Over the past 5 years the exports of Albania to Germany have increased at an annualized rate of 12.6%,  from $117M in 2017 to $212M in 2022.

In 2017, Albania exported services to Germany worth $265M, with Other business services ($108M), Travel ($78.4M), and Transportation ($48.8M) being the largest in terms of value.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Germany exported €42.3M and imported €21.8M from Albania, resulting in a positive trade balance of €20.5M. Between July 2023 and July 2024 the exports of Germany have increased by €10.7M (33.9%) from €31.6M to €42.3M, while imports increased by €7.07M (48.1%) from €14.7M to €21.8M.

Trade In July 2024, the top exports of Germany to Albania were Motor cars and motor caravans (€5.88M), Pharmaceutical products (€2.61M), Machinery for electricity production, distribution (€2.48M), Fabrics of man-made fibres, woven, knitted,... (€875k), and Perfumes and toilet preparations (€865k). In July 2024 the top imports of Germany from Albania were Apparel of silk, man-made fibres, excl.... (€4.61M), Footwear (€3.15M), Apparel of cotton, excl. of knitted... (€2.07M), Apparel of knitted or crocheted fabrics... (€1.57M), and Other raw material for chemical products (€1.24M).

Origins In July 2024 the exports of Germany were mainly from Bavaria (€7.3M), Baden-Württemberg (€5.27M), Lower Saxony (€3.27M), North Rhine-Westphalia (€2.32M), and Hesse (€1.98M), while imports destinations were mainly Bavaria (€7.38M), North Rhine-Westphalia (€3.43M), Hesse (€3.22M), Baden-Württemberg (€2.41M), and Rhineland-Pfalz (€1.77M).

Growth In July 2024, the increase in Germany's year-by-year exports to Albania was explained primarily by an increase in product exports in Motor cars and motor caravans (€2.59M or 78.9%), Machinery for electricity production, distribution (€1.68M or 208%), and Perfumes and toilet preparations (€547k or 172%). In July 2024, the increase in Germany's year-by-year imports  from Albania was explained primarily by an increase in product imports  in Apparel of silk, man-made fibres, excl.... (€2.74M or 146%), Footwear (€1.14M or 56.6%), and Apparel of cotton, excl. of knitted... (€602k or 41%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€10.7M(33.9%)
IMPORT GROWTH (July 2023 - July 2024)€7.07M(48.1%)
MAIN EXPORTER (July 2024)Bavaria€7.3M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Albania and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $341M to Albania. The main products exported from Germany to Albania were Cars ($67.1M), Packaged Medicaments ($17M), and Insulated Wire ($11.3M). During the last 5 years the exports of Germany to Albania have decreased at an annualized rate of 0.91%, from $357M in 2017 to $341M in 2022.

In 2017, Albania exported $212M to Germany. The main products exported from Albania to Germany were Non-Knit Men's Suits ($42.9M), Leather Footwear ($24.1M), and Ferroalloys ($18.1M). During the last 5 years the exports of Albania to Germany have increased at an annualized rate of 12.6%, from $117M in 2022 to $212M in 2017.

Exports from Germany (Flag) to Albania (Flag) (2022)

Exports from Albania (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Germany than Albania included United States ($153B), France ($120B), and China ($109B).

In 2022, no countries were registered that imported more from Albania than from Germany.

Difference in imports from Albania (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Albania

Flow
Scale

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

During 2022, Germany had a large net trade with Albania in the exports of Transportation ($85.4M), Machines ($68.4M), and Chemical Products ($49.1M).

During 2017, Albania had a large net trade with Germany in the exports of Textiles ($101M), Footwear and Headwear ($32.1M), and Metals ($21.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Albania+$27.5MCars
Top Product Potential Albania Germany+$18.9MLeather Footwear

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

Product Space of Germany (Flag) and Albania (Flag) (2022)

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