2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 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 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 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

Italy-Albania Trade: In 2022, Italy exported $1.74B to Albania. The main products that Italy exported to Albania were Tanned Equine and Bovine Hides ($89.2M), Footwear Parts ($85.3M), and Refined Petroleum ($45.2M). Over the past 5 years the exports of Italy to Albania have increased at an annualized rate of 3.51%, from $1.47B in 2017 to $1.74B in 2022.

In 2002, Italy exported services to Albania worth $81.8M, with Travel ($59.8M), Transportation ($11.5M), and Other business services ($8.39M) being the largest in terms of value.

Albania-Italy Trade: In 2022, Albania exported $1.75B to Italy. The main products that Albania exported to Italy were Footwear Parts ($296M), Ferroalloys ($181M), and Leather Footwear ($148M). Over the past 5 years the exports of Albania to Italy have increased at an annualized rate of 8.55%,  from $1.16B in 2017 to $1.75B in 2022.

In 2017, Albania exported services to Italy worth $689M, with Travel ($401M), Other business services ($157M), and Transportation ($91.8M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). 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, Italy exported $1.74B to Albania. The main products exported from Italy to Albania were Tanned Equine and Bovine Hides ($89.2M), Footwear Parts ($85.3M), and Refined Petroleum ($45.2M). During the last 5 years the exports of Italy to Albania have increased at an annualized rate of 3.51%, from $1.47B in 2017 to $1.74B in 2022.

In 2017, Albania exported $1.75B to Italy. The main products exported from Albania to Italy were Footwear Parts ($296M), Ferroalloys ($181M), and Leather Footwear ($148M). During the last 5 years the exports of Albania to Italy have increased at an annualized rate of 8.55%, from $1.16B in 2022 to $1.75B in 2017.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Albania
Top Destination
Italy$1.75B

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

In 2022, countries that imported more from Italy than Albania included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

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

Comparative Advantage Italy - Albania

Flow
Scale

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

During 2022, Italy had a large net trade with Albania in the exports of Textiles ($320M), Machines ($306M), and Metals ($191M).

During 2017, Albania had a large net trade with Italy in the exports of Footwear and Headwear ($495M), Textiles ($394M), and Metals ($375M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Albania+$14.8MRefined Petroleum
Top Product Potential Albania Italy+$18.4MCrude Petroleum

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

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

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