Azerbaijan (AZE) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Azerbaijan-Albania Trade: In 2022, Azerbaijan exported $365k to Albania. The main products that Azerbaijan exported to Albania were Nitrogenous Fertilizers ($314k), Refined Petroleum ($32.5k), and Plastic Pipes ($18k). Over the past 10 years the exports of Azerbaijan to Albania have decreased at an annualized rate of 30.7%, from $14.2M in 2012 to $365k in 2022.

In 2022, Azerbaijan did not export any services to Albania.

Albania-Azerbaijan Trade: In 2022, Albania exported $1.21M to Azerbaijan. The main products that Albania exported to Azerbaijan were Artificial Graphite ($701k), Leather Footwear ($104k), and Non-Knit Women's Suits ($83.2k). Over the past 10 years the exports of Albania to Azerbaijan have increased at an annualized rate of 22.8%, from $433k in 2012 to $1.21M in 2022.

In 2022, Albania did not export any services to Azerbaijan.

Comparison: In 2022, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $365k to Albania. The main products exported from Azerbaijan to Albania were Nitrogenous Fertilizers ($314k), Refined Petroleum ($32.5k), and Plastic Pipes ($18k). During the last 10 years the exports of Azerbaijan to Albania have decreased at an annualized rate of 30.7%, from $14.2M in 2012 to $365k in 2022.

In 2017, Albania exported $1.21M to Azerbaijan. The main products exported from Albania to Azerbaijan were Artificial Graphite ($701k), Leather Footwear ($104k), and Non-Knit Women's Suits ($83.2k). During the last 5 years the exports of Albania to Azerbaijan have increased at an annualized rate of 22.8%, from $433k in 2022 to $1.21M in 2017.

Exports from Azerbaijan () to Albania () (2022)

Exports from Albania () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Albania ()

Azerbaijan Exports

Date

Albania Exports

Date

Mar 2013

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Azerbaijan than Albania included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from Albania than Azerbaijan included North Macedonia ($101M), Serbia ($89.3M), and Montenegro ($80.8M).

Difference in imports from Albania () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Albania in the exports of Chemical Products ($314k), Mineral Products ($32.5k), and Plastics and Rubbers ($18k).

During 2017, Albania had a large net trade with Azerbaijan in the exports of Chemical Products ($701k), Textiles ($293k), and Footwear and Headwear ($120k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Albania+$170kNitrogenous Fertilizers

Top Product Potential Albania Azerbaijan+$172kLeather Footwear

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Albania () (2022)

Exports from Albania () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Albania ()

Azerbaijan Exports

Albania Exports

Market Competitiveness

Difference in imports from Albania () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Albania () (2022)

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