Albania (ALB) and Senegal (SEN) Trade | The Observatory of Economic Complexity

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Albania-Senegal Trade: In 2023, Albania exported $14.9M to Senegal. The main products that Albania exported to Senegal were Refined Petroleum ($3.58M), Medical Instruments ($1.67M), and Tractors ($1.27M). Over the past 5 years the exports of Albania to Senegal have increased at an annualized rate of 20.9%, from $5.77M in 2018 to $14.9M in 2023.

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

Senegal-Albania Trade: In 2023, Senegal exported $1.28M to Albania. The main products that Senegal exported to Albania were Coconuts, Brazil Nuts, and Cashews ($459k), Non-fillet Frozen Fish ($441k), and Crustaceans ($202k). Over the past 5 years the exports of Senegal to Albania have increased at an annualized rate of 36.2%, from $272k in 2018 to $1.28M in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $14.9M to Senegal. The main products exported from Albania to Senegal were Refined Petroleum ($3.58M), Medical Instruments ($1.67M), and Tractors ($1.27M). During the last 5 years the exports of Albania to Senegal have increased at an annualized rate of 20.9%, from $5.77M in 2018 to $14.9M in 2023.

In 2018, Senegal exported $1.28M to Albania. The main products exported from Senegal to Albania were Coconuts, Brazil Nuts, and Cashews ($459k), Non-fillet Frozen Fish ($441k), and Crustaceans ($202k). During the last 5 years the exports of Senegal to Albania have increased at an annualized rate of 36.2%, from $272k in 2023 to $1.28M in 2018.

Exports from Albania () to Senegal () (2023)

Exports from Senegal () to Albania () (2023)

Latest Data

Trade between Albania () and Senegal ()

Albania Exports

Date

Senegal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Senegal
Top DestinationMali$1.22B

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

In 2023, countries that imported more from Albania than Senegal included Italy ($1.72B), Greece ($409M), and Germany ($234M).

In 2023, countries that imported more from Senegal than Albania included Mali ($1.22B), India ($681M), and Switzerland ($625M).

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

Comparative Advantage Albania - Senegal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Senegal in the exports of Mineral Products ($3.89M), Machines ($2.64M), and Transportation ($2.48M).

During 2018, Senegal had a large net trade with Albania in the exports of Animal Products ($645k), Vegetable Products ($630k), and Chemical Products ($1.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Senegal+$274kInsulated Wire

Top Product Potential Senegal Albania+$55.4kNon-fillet Frozen Fish

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Senegal () (2023)

Exports from Senegal () to Albania () (2023)

Latest Data

Trade between Albania () and Senegal ()

Albania Exports

Senegal Exports

Market Competitiveness

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

Comparative Advantage Albania - Senegal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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