Albania (ALB) and Croatia (HRV) Trade | The Observatory of Economic Complexity

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Albania-Croatia Trade: In 2022, Albania exported $44M to Croatia. The main products that Albania exported to Croatia were Raw Iron Bars ($20.8M), Other Vegetables ($3.85M), and Aluminium Bars ($3.71M). Over the past 5 years the exports of Albania to Croatia have increased at an annualized rate of 45%, from $6.88M in 2017 to $44M in 2022.

In 2017, Albania exported services to Croatia worth $14.7M, with Travel ($8.25M), Other business services ($5.65M), and Communications services ($339k) being the largest in terms of value.

Croatia-Albania Trade: In 2022, Croatia exported $125M to Albania. The main products that Croatia exported to Albania were Refined Petroleum ($46.7M), Dried/Salted/Smoked/Brined Fish ($12.3M), and Petroleum Gas ($9.34M). Over the past 5 years the exports of Croatia to Albania have increased at an annualized rate of 16.3%, from $59M in 2017 to $125M in 2022.

In 2022, Croatia 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, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Albania exported $44M to Croatia. The main products exported from Albania to Croatia were Raw Iron Bars ($20.8M), Other Vegetables ($3.85M), and Aluminium Bars ($3.71M). During the last 5 years the exports of Albania to Croatia have increased at an annualized rate of 45%, from $6.88M in 2017 to $44M in 2022.

In 2017, Croatia exported $125M to Albania. The main products exported from Croatia to Albania were Refined Petroleum ($46.7M), Dried/Salted/Smoked/Brined Fish ($12.3M), and Petroleum Gas ($9.34M). During the last 5 years the exports of Croatia to Albania have increased at an annualized rate of 16.3%, from $59M in 2022 to $125M in 2017.

Exports from Albania () to Croatia () (2022)

Exports from Croatia () to Albania () (2022)

Latest Data

Trade between Albania () and Croatia ()

Albania Exports

Date

Croatia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.75B

Croatia
Top DestinationItaly$3.44B

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

In 2022, countries that imported more from Albania than Croatia included Greece ($421M), China ($164M), and Senegal ($7.9M).

In 2022, countries that imported more from Croatia than Albania included Slovenia ($2.87B), Hungary ($2.65B), and Germany ($2.82B).

Difference in imports from Croatia () and Albania () (2022)

Comparative Advantage Albania - Croatia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Albania had a large net trade with Croatia in the exports of Metals ($26.5M), Vegetable Products ($11.1M), and Animal Products ($2.51M).

During 2017, Croatia had a large net trade with Albania in the exports of Mineral Products ($56.1M), Animal Products ($15.6M), and Machines ($12.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Croatia+$423kLeather Footwear

Top Product Potential Croatia Albania+$588kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Croatia () (2022)

Exports from Croatia () to Albania () (2022)

Latest Data

Trade between Albania () and Croatia ()

Albania Exports

Croatia Exports

Market Competitiveness

Difference in imports from Croatia () and Albania () (2022)

Comparative Advantage Albania - Croatia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and Croatia () (2022)

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