Albania (ALB) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Albania-Turkey Trade: In 2023, Albania exported $67.5M to Turkey. The main products that Albania exported to Turkey were Scrap Iron ($13.2M), Refined Petroleum ($9.08M), and Scrap Copper ($5.49M). Over the past 5 years the exports of Albania to Turkey have increased at an annualized rate of 23.1%, from $23.9M in 2018 to $67.5M in 2023.

In 2017, Albania exported services to Turkey worth $49.6M, with Travel ($23.2M), Other business services ($19.9M), and Communications services ($2.26M) being the largest in terms of value.

Turkey-Albania Trade: In 2023, Turkey exported $818M to Albania. The main products that Turkey exported to Albania were Raw Iron Bars ($62.8M), Refined Petroleum ($46.3M), and Cement ($39.8M). Over the past 5 years the exports of Turkey to Albania have increased at an annualized rate of 15.9%, from $391M in 2018 to $818M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $67.5M to Turkey. The main products exported from Albania to Turkey were Scrap Iron ($13.2M), Refined Petroleum ($9.08M), and Scrap Copper ($5.49M). During the last 5 years the exports of Albania to Turkey have increased at an annualized rate of 23.1%, from $23.9M in 2018 to $67.5M in 2023.

In 2018, Turkey exported $818M to Albania. The main products exported from Turkey to Albania were Raw Iron Bars ($62.8M), Refined Petroleum ($46.3M), and Cement ($39.8M). During the last 5 years the exports of Turkey to Albania have increased at an annualized rate of 15.9%, from $391M in 2023 to $818M in 2018.

Exports from Albania () to Turkey () (2023)

Exports from Turkey () to Albania () (2023)

Latest Data

Trade between Albania () and Turkey ()

Albania Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Turkey
Top DestinationGermany$24.7B

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

In 2023, no countries were registered that imported more from Albania than from Turkey.

In 2023, countries that imported more from Turkey than Albania included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Albania - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Turkey in the exports of Metals ($30M), Machines ($10.4M), and Mineral Products ($9.22M).

During 2018, Turkey had a large net trade with Albania in the exports of Metals ($182M), Textiles ($131M), and Machines ($105M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Turkey+$4.65MScrap Iron

Top Product Potential Turkey Albania+$4.65MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Albania () to Turkey () (2023)

Exports from Turkey () to Albania () (2023)

Latest Data

Trade between Albania () and Turkey ()

Albania Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Albania - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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