Albania (ALB) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Albania-Ecuador Trade: In 2023, Albania exported $138k to Ecuador. The main products that Albania exported to Ecuador were Non-Knit Men's Suits ($35.8k), Micro-Organism Culture Preparations ($20.8k), and Seats ($14.4k). Over the past 5 years the exports of Albania to Ecuador have decreased at an annualized rate of 5.42%, from $183k in 2018 to $138k in 2023.

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

Ecuador-Albania Trade: In 2023, Ecuador exported $28.6M to Albania. The main products that Ecuador exported to Albania were Bananas ($20.3M), Crustaceans ($7.67M), and Cut Flowers ($630k). Over the past 5 years the exports of Ecuador to Albania have increased at an annualized rate of 8.17%, from $19.3M in 2018 to $28.6M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $138k to Ecuador. The main products exported from Albania to Ecuador were Non-Knit Men's Suits ($35.8k), Micro-Organism Culture Preparations ($20.8k), and Seats ($14.4k). During the last 5 years the exports of Albania to Ecuador have decreased at an annualized rate of 5.42%, from $183k in 2018 to $138k in 2023.

In 2018, Ecuador exported $28.6M to Albania. The main products exported from Ecuador to Albania were Bananas ($20.3M), Crustaceans ($7.67M), and Cut Flowers ($630k). During the last 5 years the exports of Ecuador to Albania have increased at an annualized rate of 8.17%, from $19.3M in 2023 to $28.6M in 2018.

Exports from Albania () to Ecuador () (2023)

Exports from Ecuador () to Albania () (2023)

Latest Data

Trade between Albania () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Albania than Ecuador included Italy ($1.72B), Greece ($409M), and Serbia ($188M).

In 2023, countries that imported more from Ecuador than Albania included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

Difference in imports from Ecuador () and Albania () (2023)

Comparative Advantage Albania - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Ecuador in the exports of Textiles ($66.8k), Chemical Products ($21k), and Metals ($16.2k).

During 2018, Ecuador had a large net trade with Albania in the exports of Vegetable Products ($20.9M), Animal Products ($7.67M), and Wood Products ($8.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Ecuador+$2.63kRefined Petroleum

Top Product Potential Ecuador Albania+$3.07kRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Ecuador () (2023)

Exports from Ecuador () to Albania () (2023)

Latest Data

Trade between Albania () and Ecuador ()

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Albania () (2023)

Comparative Advantage Albania - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and Ecuador () (2023)

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