Albania (ALB) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Albania-Kuwait Trade: In 2023, Albania exported $1.54M to Kuwait. The main products that Albania exported to Kuwait were Non-Knit Women's Suits ($466k), Knit T-shirts ($122k), and Paper Containers ($90.8k). Over the past 5 years the exports of Albania to Kuwait have decreased at an annualized rate of 12.4%, from $3M in 2018 to $1.54M in 2023.

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

Kuwait-Albania Trade: In 2023, Kuwait exported $157k to Albania. The main products that Kuwait exported to Albania were Cars ($81.4k), Polyacetals ($43.9k), and Honey ($16.8k). Over the past 5 years the exports of Kuwait to Albania have decreased at an annualized rate of 5.43%, from $208k in 2018 to $157k in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $1.54M to Kuwait. The main products exported from Albania to Kuwait were Non-Knit Women's Suits ($466k), Knit T-shirts ($122k), and Paper Containers ($90.8k). During the last 5 years the exports of Albania to Kuwait have decreased at an annualized rate of 12.4%, from $3M in 2018 to $1.54M in 2023.

In 2018, Kuwait exported $157k to Albania. The main products exported from Kuwait to Albania were Cars ($81.4k), Polyacetals ($43.9k), and Honey ($16.8k). During the last 5 years the exports of Kuwait to Albania have decreased at an annualized rate of 5.43%, from $208k in 2023 to $157k in 2018.

Exports from Albania () to Kuwait () (2023)

Exports from Kuwait () to Albania () (2023)

Latest Data

Trade between Albania () and Kuwait ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Kuwait
Top DestinationChina$17.4B

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

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

In 2023, countries that imported more from Kuwait than Albania included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Albania - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Kuwait in the exports of Textiles ($1.17M), Footwear and Headwear ($157k), and Paper Goods ($118k).

During 2018, Kuwait had a large net trade with Albania in the exports of Transportation ($81.4k), Plastics and Rubbers ($43.9k), and Animal Products ($16.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Kuwait+$790kNon-Knit Women's Suits

Top Product Potential Kuwait Albania+$171kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Kuwait () (2023)

Exports from Kuwait () to Albania () (2023)

Latest Data

Trade between Albania () and Kuwait ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Albania - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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