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2022
Flag → Flag
Exports $46.5MRnk 16 / 129
2022
Flag → Flag
Top Product $15MLeather Footwear
2022
Flag → Flag
Exports $41.2MRnk 129 / 224
2022
Flag → Flag
Top Product $4.94MExcavation Machinery
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Albania-United Kingdom Trade: In 2022, Albania exported $46.5M to United Kingdom. The main products that Albania exported to United Kingdom were Leather Footwear ($15M), Non-Knit Men's Coats ($2.35M), and Ferroalloys ($2.14M). Over the past 5 years the exports of Albania to United Kingdom have increased at an annualized rate of 62.6%, from $4.08M in 2017 to $46.5M in 2022.

In 2017, Albania exported services to United Kingdom worth $87.6M, with Travel ($44.4M), Other business services ($23.6M), and Transportation ($10.4M) being the largest in terms of value.

United Kingdom-Albania Trade: In 2022, United Kingdom exported $41.2M to Albania. The main products that United Kingdom exported to Albania were Excavation Machinery ($4.94M), Surveying Equipment ($3.83M), and Oscilloscopes ($2.24M). Over the past 5 years the exports of United Kingdom to Albania have increased at an annualized rate of 9.48%,  from $26.2M in 2017 to $41.2M in 2022.

In 2003, United Kingdom exported services to Albania worth $1.83M, with Travel ($1.83M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $46.5M to United Kingdom. The main products exported from Albania to United Kingdom were Leather Footwear ($15M), Non-Knit Men's Coats ($2.35M), and Ferroalloys ($2.14M). During the last 5 years the exports of Albania to United Kingdom have increased at an annualized rate of 62.6%, from $4.08M in 2017 to $46.5M in 2022.

In 2017, United Kingdom exported $41.2M to Albania. The main products exported from United Kingdom to Albania were Excavation Machinery ($4.94M), Surveying Equipment ($3.83M), and Oscilloscopes ($2.24M). During the last 5 years the exports of United Kingdom to Albania have increased at an annualized rate of 9.48%, from $26.2M in 2022 to $41.2M in 2017.

Exports from Albania (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Albania (Flag) (2022)

Latest Data

Trade between Albania (Flag) and United Kingdom (Flag)

Albania Exports

United Kingdom Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.75B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Albania than United Kingdom included Montenegro ($80.8M).

In 2022, countries that imported more from United Kingdom than Albania included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Albania (Flag) (2022)

Comparative Advantage Albania - United Kingdom

Flow
Scale

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

During 2022, Albania had a large net trade with United Kingdom in the exports of Footwear and Headwear ($18.7M), Textiles ($15.6M), and Metals ($3.63M).

During 2017, United Kingdom had a large net trade with Albania in the exports of Machines ($15.8M), Instruments ($7.35M), and Foodstuffs ($4.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania United Kingdom+$9.6MLeather Footwear
Top Product Potential United Kingdom Albania+$2.55MCars

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

Product Space of Albania (Flag) and United Kingdom (Flag) (2022)

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