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2023
Flag → Flag
Exports $80.8MRnk 9 / 126
2023
Flag → Flag
Top Product $15.7MPerfume Plants
2023
Flag → Flag
Exports $158MRnk 145 / 220
2023
Flag → Flag
Top Product $43.3MCars
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $8,575CURRENT US$
Rnk 93 / 195
2013-2023
Flag
GDP PC GROWTH94.3%CURRENT US$
Rnk 10 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Albania-United States Trade: In 2023, Albania exported $80.8M to United States. The main products that Albania exported to United States were Perfume Plants ($15.7M), Motor vehicles; parts and accessories (8701 to 8705) ($6.54M), and Essential Oils ($6.49M). Over the past 5 years the exports of Albania to United States have increased at an annualized rate of 3.32%, from $68.6M in 2018 to $80.8M in 2023.

In 2017, Albania exported services to United States worth $59.3M, with Travel ($39M), Other business services ($11.4M), and Transportation ($2.82M) being the largest in terms of value.

United States-Albania Trade: In 2023, United States exported $158M to Albania. The main products that United States exported to Albania were Cars ($43.3M), Petroleum Gas ($14.9M), and Aircraft parts (gliders, balloons, and powered aircraft) ($12.7M). Over the past 5 years the exports of United States to Albania have increased at an annualized rate of 17.1%,  from $52.3M in 2018 to $158M in 2023.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $80.8M to United States. The main products exported from Albania to United States were Perfume Plants ($15.7M), Motor vehicles; parts and accessories (8701 to 8705) ($6.54M), and Essential Oils ($6.49M). During the last 5 years the exports of Albania to United States have increased at an annualized rate of 3.32%, from $68.6M in 2018 to $80.8M in 2023.

In 2018, United States exported $158M to Albania. The main products exported from United States to Albania were Cars ($43.3M), Petroleum Gas ($14.9M), and Aircraft parts (gliders, balloons, and powered aircraft) ($12.7M). During the last 5 years the exports of United States to Albania have increased at an annualized rate of 17.1%, from $52.3M in 2023 to $158M in 2018.

Exports from Albania (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Albania (Flag) (2023)

Latest Data

Trade between Albania (Flag) and United States (Flag)

Albania Exports

United States Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.72B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Albania than United States included Montenegro ($82.3M).

In 2023, countries that imported more from United States than Albania included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Albania (Flag) (2023)

Comparative Advantage Albania - United States

Flow
Scale

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

During 2023, Albania had a large net trade with United States in the exports of Vegetable Products ($18.4M), Textiles ($12.8M), and Metals ($10.9M).

During 2018, United States had a large net trade with Albania in the exports of Transportation ($61.6M), Mineral Products ($25.1M), and Machines ($12.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania United States+$16MFerroalloys
Top Product Potential United States Albania+$12.5MCars

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

Product Space of Albania (Flag) and United States (Flag) (2023)

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