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2022
Flag → Flag
Exports $930kRnk 62 / 129
2022
Flag → Flag
Top Product $214kSawn Wood
2022
Flag → Flag
Exports $4.34MRnk 77 / 194
2022
Flag → Flag
Top Product $2.49MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
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 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
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GDP PC $6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186
2022
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GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Albania-Cyprus Trade: In 2022, Albania exported $930k to Cyprus. The main products that Albania exported to Cyprus were Sawn Wood ($214k), Aluminium Structures ($139k), and Beer ($136k). Over the past 5 years the exports of Albania to Cyprus have increased at an annualized rate of 90.6%, from $37k in 2017 to $930k in 2022.

In 2017, Albania exported services to Cyprus worth $13M, with Other business services ($6.78M), Travel ($5.08M), and Personal, cultural, and recreational services ($452k) being the largest in terms of value.

Cyprus-Albania Trade: In 2022, Cyprus exported $4.34M to Albania. The main products that Cyprus exported to Albania were Packaged Medicaments ($2.49M), Scrap Aluminium ($1M), and Animal Fat ($292k). Over the past 5 years the exports of Cyprus to Albania have decreased at an annualized rate of 9.85%,  from $7.29M in 2017 to $4.34M in 2022.

In 2022, Cyprus 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, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $930k to Cyprus. The main products exported from Albania to Cyprus were Sawn Wood ($214k), Aluminium Structures ($139k), and Beer ($136k). During the last 5 years the exports of Albania to Cyprus have increased at an annualized rate of 90.6%, from $37k in 2017 to $930k in 2022.

In 2017, Cyprus exported $4.34M to Albania. The main products exported from Cyprus to Albania were Packaged Medicaments ($2.49M), Scrap Aluminium ($1M), and Animal Fat ($292k). During the last 5 years the exports of Cyprus to Albania have decreased at an annualized rate of 9.85%, from $7.29M in 2022 to $4.34M in 2017.

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

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

Latest Data

Trade between Albania (Flag) and Cyprus (Flag)

Albania Exports

Cyprus Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.75B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Albania than Cyprus included Italy ($1.75B), Spain ($309M), and China ($164M).

In 2022, countries that imported more from Cyprus than Albania included Hong Kong ($482M), Lebanon ($329M), and Liberia ($255M).

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

Comparative Advantage Albania - Cyprus

Flow
Scale

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

During 2022, Albania had a large net trade with Cyprus in the exports of Foodstuffs ($262k), Wood Products ($226k), and Chemical Products ($168k).

During 2017, Cyprus had a large net trade with Albania in the exports of Chemical Products ($2.76M), Metals ($1M), and Animal Products ($292k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Albania and Cyprus. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Cyprus. Similarly, a dot/product with the flag of Cyprus indicates it has a comparative advantage over Albania.

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

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