2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 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
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Albania-Denmark Trade: In 2022, Albania exported $2.21M to Denmark. The main products that Albania exported to Denmark were Petroleum Gas ($353k), Lettuce ($273k), and Other Furniture ($260k). Over the past 5 years the exports of Albania to Denmark have increased at an annualized rate of 5.56%, from $1.69M in 2017 to $2.21M in 2022.

In 2017, Albania exported services to Denmark worth $3.61M, with Travel ($2.15M), Other business services ($565k), and Royalties and license fees ($452k) being the largest in terms of value.

Denmark-Albania Trade: In 2022, Denmark exported $31.2M to Albania. The main products that Denmark exported to Albania were Crustaceans ($23M), Other Non-Metal Removal Machinery ($930k), and Orthopedic Appliances ($747k). Over the past 5 years the exports of Denmark to Albania have increased at an annualized rate of 3.57%,  from $22.7M in 2017 to $31.2M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $2.21M to Denmark. The main products exported from Albania to Denmark were Petroleum Gas ($353k), Lettuce ($273k), and Other Furniture ($260k). During the last 5 years the exports of Albania to Denmark have increased at an annualized rate of 5.56%, from $1.69M in 2017 to $2.21M in 2022.

In 2017, Denmark exported $31.2M to Albania. The main products exported from Denmark to Albania were Crustaceans ($23M), Other Non-Metal Removal Machinery ($930k), and Orthopedic Appliances ($747k). During the last 5 years the exports of Denmark to Albania have increased at an annualized rate of 3.57%, from $22.7M in 2022 to $31.2M in 2017.

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

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

Latest Data

Trade between Albania (Flag) and Denmark (Flag)

Albania Exports

Denmark Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Albania than Denmark included North Macedonia ($101M) and Montenegro ($80.8M).

In 2022, countries that imported more from Denmark than Albania included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Albania - Denmark

Flow
Scale

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

During 2022, Albania had a large net trade with Denmark in the exports of Miscellaneous ($449k), Footwear and Headwear ($402k), and Vegetable Products ($357k).

During 2017, Denmark had a large net trade with Albania in the exports of Animal Products ($23.7M), Machines ($2.97M), and Foodstuffs ($1.43M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Denmark+$558kLeather Footwear
Top Product Potential Denmark Albania+$530kOther Edible Preparations

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

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

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