2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC 
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186

About

Albania-Bulgaria Trade: In 2022, Albania exported $55.3M to Bulgaria. The main products that Albania exported to Bulgaria were Copper Ore ($13.8M), Petroleum Gas ($7.02M), and Scrap Copper ($6.2M). Over the past 5 years the exports of Albania to Bulgaria have increased at an annualized rate of 22.2%, from $20.3M in 2017 to $55.3M in 2022.

In 2017, Albania exported services to Bulgaria worth $17.6M, with Travel ($14.2M), Other business services ($2.26M), and Transportation ($678k) being the largest in terms of value.

Bulgaria-Albania Trade: In 2022, Bulgaria exported $134M to Albania. The main products that Bulgaria exported to Albania were Baked Goods ($11.7M), Aircraft Parts ($8.17M), and Heavy Synthetic Cotton Fabrics ($6.21M). Over the past 5 years the exports of Bulgaria to Albania have increased at an annualized rate of 8.21%,  from $90.4M in 2017 to $134M in 2022.

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

Comparison: In 2022,  Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $55.3M to Bulgaria. The main products exported from Albania to Bulgaria were Copper Ore ($13.8M), Petroleum Gas ($7.02M), and Scrap Copper ($6.2M). During the last 5 years the exports of Albania to Bulgaria have increased at an annualized rate of 22.2%, from $20.3M in 2017 to $55.3M in 2022.

In 2017, Bulgaria exported $134M to Albania. The main products exported from Bulgaria to Albania were Baked Goods ($11.7M), Aircraft Parts ($8.17M), and Heavy Synthetic Cotton Fabrics ($6.21M). During the last 5 years the exports of Bulgaria to Albania have increased at an annualized rate of 8.21%, from $90.4M in 2022 to $134M in 2017.

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

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

Latest Data

Trade between Albania (Flag) and Bulgaria (Flag)

Albania Exports

Bulgaria Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from Albania than Bulgaria included Montenegro ($80.8M), Malta ($27.4M), and Senegal ($7.9M).

In 2022, countries that imported more from Bulgaria than Albania included Germany ($6.91B), Romania ($6.55B), and Turkey ($2.95B).

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

Comparative Advantage Albania - Bulgaria

Flow
Scale

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

During 2022, Albania had a large net trade with Bulgaria in the exports of Mineral Products ($21.2M), Metals ($13.6M), and Textiles ($6.41M).

During 2017, Bulgaria had a large net trade with Albania in the exports of Textiles ($23.1M), Foodstuffs ($19M), and Machines ($16.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Bulgaria+$1.05MRaw Aluminium
Top Product Potential Bulgaria Albania+$2.3MRefined 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 Albania and Bulgaria. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Bulgaria. Similarly, a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Albania.

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

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