2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
GDP PC 
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186

About

Albania-Slovakia Trade: In 2022, Albania exported $55.1M to Slovakia. The main products that Albania exported to Slovakia were Insulated Wire ($48.4M), Leather Footwear ($1.67M), and Other Vegetables ($646k). Over the past 5 years the exports of Albania to Slovakia have increased at an annualized rate of 55.8%, from $6.01M in 2017 to $55.1M in 2022.

In 2017, Albania exported services to Slovakia worth $3.5M, with Travel ($2.37M), Other business services ($791k), and Transportation ($113k) being the largest in terms of value.

Slovakia-Albania Trade: In 2022, Slovakia exported $42.5M to Albania. The main products that Slovakia exported to Albania were Video Displays ($13.4M), Broadcasting Equipment ($13M), and Insulated Wire ($2.03M). Over the past 5 years the exports of Slovakia to Albania have increased at an annualized rate of 3.93%,  from $35M in 2017 to $42.5M in 2022.

In 2012, Slovakia exported services to Albania worth $2.73M, with Services not allocated ($1.37M), Computer and information services ($648k), and Other business services ($647k) 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $55.1M to Slovakia. The main products exported from Albania to Slovakia were Insulated Wire ($48.4M), Leather Footwear ($1.67M), and Other Vegetables ($646k). During the last 5 years the exports of Albania to Slovakia have increased at an annualized rate of 55.8%, from $6.01M in 2017 to $55.1M in 2022.

In 2017, Slovakia exported $42.5M to Albania. The main products exported from Slovakia to Albania were Video Displays ($13.4M), Broadcasting Equipment ($13M), and Insulated Wire ($2.03M). During the last 5 years the exports of Slovakia to Albania have increased at an annualized rate of 3.93%, from $35M in 2022 to $42.5M in 2017.

Exports from Albania (Flag) to Slovakia (Flag) (2022)

Exports from Slovakia (Flag) to Albania (Flag) (2022)

Latest Data

Trade between Albania (Flag) and Slovakia (Flag)

Albania Exports

Slovakia Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Slovakia
Top Destination
Germany$22.2B

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

In 2022, countries that imported more from Albania than Slovakia included Greece ($421M), Montenegro ($80.8M), and Malta ($27.4M).

In 2022, countries that imported more from Slovakia than Albania included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

Difference in imports from Slovakia (Flag) and Albania (Flag) (2022)

Comparative Advantage Albania - Slovakia

Flow
Scale

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

During 2022, Albania had a large net trade with Slovakia in the exports of Machines ($48.6M), Footwear and Headwear ($2.32M), and Vegetable Products ($2.2M).

During 2017, Slovakia had a large net trade with Albania in the exports of Machines ($33.1M), Chemical Products ($3.24M), and Metals ($1.53M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Slovakia+$1.33MLeather Footwear
Top Product Potential Slovakia Albania+$1.93MCars

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

Product Space of Albania (Flag) and Slovakia (Flag) (2022)

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