2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 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
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Albania-Sweden Trade: In 2022, Albania exported $46.3M to Sweden. The main products that Albania exported to Sweden were Processed Crustaceans ($34.8M), Ferroalloys ($8.95M), and Petroleum Gas ($1.1M). Over the past 5 years the exports of Albania to Sweden have increased at an annualized rate of 20.3%, from $18.4M in 2017 to $46.3M in 2022.

In 2017, Albania exported services to Sweden worth $9.6M, with Travel ($7.91M), Transportation ($1.13M), and Other business services ($452k) being the largest in terms of value.

Sweden-Albania Trade: In 2022, Sweden exported $17.7M to Albania. The main products that Sweden exported to Albania were Petroleum Gas ($4.11M), Sawn Wood ($2.62M), and Tractors ($1.69M). Over the past 5 years the exports of Sweden to Albania have increased at an annualized rate of 18.7%,  from $7.51M in 2017 to $17.7M in 2022.

In 2001, Sweden exported services to Albania worth $1.14M, with Other business services ($1.05M) and Insurance services ($95.2k) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $46.3M to Sweden. The main products exported from Albania to Sweden were Processed Crustaceans ($34.8M), Ferroalloys ($8.95M), and Petroleum Gas ($1.1M). During the last 5 years the exports of Albania to Sweden have increased at an annualized rate of 20.3%, from $18.4M in 2017 to $46.3M in 2022.

In 2017, Sweden exported $17.7M to Albania. The main products exported from Sweden to Albania were Petroleum Gas ($4.11M), Sawn Wood ($2.62M), and Tractors ($1.69M). During the last 5 years the exports of Sweden to Albania have increased at an annualized rate of 18.7%, from $7.51M in 2022 to $17.7M in 2017.

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

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

Latest Data

Trade between Albania (Flag) and Sweden (Flag)

Albania Exports

Sweden Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Albania than Sweden included Montenegro ($80.8M), North Macedonia ($101M), and Sao Tome and Principe ($21.5k).

In 2022, countries that imported more from Sweden than Albania included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Albania - Sweden

Flow
Scale

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

During 2022, Albania had a large net trade with Sweden in the exports of Foodstuffs ($34.9M), Metals ($9.22M), and Mineral Products ($1.1M).

During 2017, Sweden had a large net trade with Albania in the exports of Mineral Products ($4.14M), Machines ($3.82M), and Transportation ($2.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Sweden+$3.13MFerroalloys
Top Product Potential Sweden Albania+N/AN/A

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

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

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