2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 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
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
Rnk 125 / 186

About

Albania-Switzerland Trade: In 2022, Albania exported $32.5M to Switzerland. The main products that Albania exported to Switzerland were Leather Footwear ($4.85M), Knit Women's Undergarments ($2.96M), and Non-Knit Men's Suits ($2.91M). Over the past 5 years the exports of Albania to Switzerland have increased at an annualized rate of 10.9%, from $19.3M in 2017 to $32.5M in 2022.

In 2017, Albania exported services to Switzerland worth $51.2M, with Travel ($23.3M), Communications services ($11.9M), and Personal, cultural, and recreational services ($6.44M) being the largest in terms of value.

Switzerland-Albania Trade: In 2022, Switzerland exported $70.2M to Albania. The main products that Switzerland exported to Albania were Packaged Medicaments ($24M), Vaccines, blood, antisera, toxins and cultures ($10.2M), and Cars ($8.96M). Over the past 5 years the exports of Switzerland to Albania have increased at an annualized rate of 6.24%,  from $43.2M in 2017 to $70.2M in 2022.

In 2022, Switzerland 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $32.5M to Switzerland. The main products exported from Albania to Switzerland were Leather Footwear ($4.85M), Knit Women's Undergarments ($2.96M), and Non-Knit Men's Suits ($2.91M). During the last 5 years the exports of Albania to Switzerland have increased at an annualized rate of 10.9%, from $19.3M in 2017 to $32.5M in 2022.

In 2017, Switzerland exported $70.2M to Albania. The main products exported from Switzerland to Albania were Packaged Medicaments ($24M), Vaccines, blood, antisera, toxins and cultures ($10.2M), and Cars ($8.96M). During the last 5 years the exports of Switzerland to Albania have increased at an annualized rate of 6.24%, from $43.2M in 2022 to $70.2M in 2017.

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

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

Latest Data

Trade between Albania (Flag) and Switzerland (Flag)

Albania Exports

Switzerland Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Switzerland
Top Destination
United States$61.7B

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

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

In 2022, countries that imported more from Switzerland than Albania included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

Comparative Advantage Albania - Switzerland

Flow
Scale

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

During 2022, Albania had a large net trade with Switzerland in the exports of Textiles ($20.1M), Footwear and Headwear ($7.53M), and Vegetable Products ($1.42M).

During 2017, Switzerland had a large net trade with Albania in the exports of Chemical Products ($35M), Transportation ($11.4M), and Foodstuffs ($5.28M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Switzerland+$4.76MLeather Footwear
Top Product Potential Switzerland Albania+$10.1MPackaged Medicaments

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

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

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