2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$291BCURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP GROWTH
39.3%CURRENT US$
Rnk 83 / 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
$27,638CURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP PC GROWTH
39.1%CURRENT US$
Rnk 51 / 186

About

Albania-Czechia Trade: In 2022, Albania exported $78M to Czechia. The main products that Albania exported to Czechia were Insulated Wire ($26.7M), Precious Metal Scraps ($21.5M), and Leather Footwear ($3.42M). Over the past 5 years the exports of Albania to Czechia have increased at an annualized rate of 22.7%, from $28.1M in 2017 to $78M in 2022.

In 2017, Albania exported services to Czechia worth $19.3M, with Other business services ($12.8M), Travel ($4.07M), and Computer and information services ($1.02M) being the largest in terms of value.

Czechia-Albania Trade: In 2022, Czechia exported $76.9M to Albania. The main products that Czechia exported to Albania were Low-voltage Protection Equipment ($9.48M), Insulated Wire ($8.44M), and Cleaning Products ($7.85M). Over the past 5 years the exports of Czechia to Albania have increased at an annualized rate of 8.33%,  from $51.5M in 2017 to $76.9M in 2022.

In 2002, Czechia exported services to Albania worth $1.9M, with Travel ($1.71M), Transportation ($187k), and Other business services ($2.1k) being the largest in terms of value.

Comparison: In 2022,  Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $78M to Czechia. The main products exported from Albania to Czechia were Insulated Wire ($26.7M), Precious Metal Scraps ($21.5M), and Leather Footwear ($3.42M). During the last 5 years the exports of Albania to Czechia have increased at an annualized rate of 22.7%, from $28.1M in 2017 to $78M in 2022.

In 2017, Czechia exported $76.9M to Albania. The main products exported from Czechia to Albania were Low-voltage Protection Equipment ($9.48M), Insulated Wire ($8.44M), and Cleaning Products ($7.85M). During the last 5 years the exports of Czechia to Albania have increased at an annualized rate of 8.33%, from $51.5M in 2022 to $76.9M in 2017.

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

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

Latest Data

Trade between Albania (Flag) and Czechia (Flag)

Albania Exports

Czechia Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Czechia
Top Destination
Germany$75.3B

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

In 2022, countries that imported more from Albania than Czechia included Montenegro ($80.8M) and Sao Tome and Principe ($21.5k).

In 2022, countries that imported more from Czechia than Albania included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

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

Comparative Advantage Albania - Czechia

Flow
Scale

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

During 2022, Albania had a large net trade with Czechia in the exports of Machines ($26.9M), Precious Metals ($21.5M), and Textiles ($11M).

During 2017, Czechia had a large net trade with Albania in the exports of Machines ($30.4M), Chemical Products ($12.6M), and Transportation ($7.23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Czechia+$2.67MLeather Footwear
Top Product Potential Czechia Albania+$6.73MCars

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

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

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