2023
Flag  
GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC 
$8,575CURRENT US$
Rnk 93 / 195
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195
2023
Flag
GDP PC
$54,343CURRENT US$
Rnk 21 / 196
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195

About

Albania-Germany Trade: In 2023, Albania exported $234M to Germany. The main products that Albania exported to Germany were Non-Knit Men's Suits ($61M), Leather Footwear ($25.6M), and Ferroalloys ($16.8M). Over the past 5 years the exports of Albania to Germany have increased at an annualized rate of 10.4%, from $142M in 2018 to $234M in 2023.

In 2017, Albania exported services to Germany worth $265M, with Other business services ($108M), Travel ($78.4M), and Transportation ($48.8M) being the largest in terms of value.

Germany-Albania Trade: In 2023, Germany exported $602M to Albania. The main products that Germany exported to Albania were Cars ($200M), Packaged Medicaments ($39.7M), and Delivery Trucks ($21.2M). Over the past 5 years the exports of Germany to Albania have increased at an annualized rate of 11.3%,  from $353M in 2018 to $602M in 2023.

In 2023, Germany did not export any services to Albania.

Comparison: In 2023,  Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $234M to Germany. The main products exported from Albania to Germany were Non-Knit Men's Suits ($61M), Leather Footwear ($25.6M), and Ferroalloys ($16.8M). During the last 5 years the exports of Albania to Germany have increased at an annualized rate of 10.4%, from $142M in 2018 to $234M in 2023.

In 2018, Germany exported $602M to Albania. The main products exported from Germany to Albania were Cars ($200M), Packaged Medicaments ($39.7M), and Delivery Trucks ($21.2M). During the last 5 years the exports of Germany to Albania have increased at an annualized rate of 11.3%, from $353M in 2023 to $602M in 2018.

Exports from Albania (Flag) to Germany (Flag) (2023)

Exports from Germany (Flag) to Albania (Flag) (2023)

Latest Data

Trade between Albania (Flag) and Germany (Flag)

Albania Exports

Germany Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.72B
Germany
Top Destination
United States$157B

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

In 2023, no countries were registered that imported more from Albania than from Germany.

In 2023, countries that imported more from Germany than Albania included United States ($157B), France ($118B), and Netherlands ($108B).

Difference in imports from Germany (Flag) and Albania (Flag) (2023)

Comparative Advantage Albania - Germany

Flow
Scale

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

During 2023, Albania had a large net trade with Germany in the exports of Textiles ($120M), Footwear and Headwear ($34.4M), and Metals ($23.1M).

During 2018, Germany had a large net trade with Albania in the exports of Transportation ($257M), Machines ($84.7M), and Chemical Products ($74.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Germany+$18.9MLeather Footwear
Top Product Potential Germany Albania+$27.5MCars

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

Product Space of Albania (Flag) and Germany (Flag) (2023)

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