2022
Exports
$39.1MWorld Rnk 51 / 216
Flag Rnk 21 / 837
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$8.39MWorld Rnk 130 / 226
Flag Rnk 195 / 1116
2022
ECONOMIC COMPLEXITY of Albania
-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $39.1M in Electric Motors, making it the 51st largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 21st most exported product in Albania. The main destination of Electric Motors exports from Albania are: Italy ($34.4M), Turkey ($3.39M), Senegal ($746k), Poland ($425k), and Cote d'Ivoire ($60.5k).

The fastest growing export markets for Electric Motors of Albania between 2021 and 2022 were Italy ($3.04M), Senegal ($746k), and Cote d'Ivoire ($60.5k).

Imports In 2022, Albania imported $8.39M in Electric Motors, becoming the 130th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 195th most imported product in Albania. Albania imports Electric Motors primarily from: China ($3.01M), Italy ($1.83M), United Kingdom ($1.25M), Turkey ($537k), and Romania ($475k).

The fastest growing import markets in Electric Motors for Albania between 2021 and 2022 were United Kingdom ($1.18M), China ($929k), and Romania ($474k).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Motors. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$39.1M
IMPORTS (2022)$8.39M
NET TRADE (2022)$30.7M

In 2022, Albania exported $39.1M in Electric Motors. The main destinations of Albania exports on Electric Motors were Italy ($34.4M), Turkey ($3.39M), Senegal ($746k), Poland ($425k), and Cote d'Ivoire ($60.5k).

In 2022, Albania imported $8.39M in Electric Motors, mainly from China ($3.01M), Italy ($1.83M), United Kingdom ($1.25M), Turkey ($537k), and Romania ($475k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Albania WERE (2021 - 2022):
Italy$3.04M (9.69%)
Senegal$746k (104k%)
Cote d'Ivoire$60.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Albania WERE (2021 - 2022):
Poland-$728k (-63.1%)
Turkey-$356k (-9.5%)
Bulgaria-$22.6k (-98%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Albania's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $1.97M
TOP IMPORT POTENTIALChina+ $2.06M

Electric Motors’s highest export potential is Turkey. With an export gap of $1.97M.   Electric Motors’s highest import potential is China with an import gap of $2.06M.

See methodology.

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