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Pricing

2022
Flag → Flag
Exports $35.7MRnk 136 / 222
2022
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Top Product $7.68MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $7.08MRnk 36 / 129
2022
Flag → Flag
Top Product $2.24MLifting Machinery
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI -0.23Rnk 72 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
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GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
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GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Belgium-Albania In 2022, Belgium exported $35.7M to Albania. The main products that Belgium exported to Albania are Vaccines, blood, antisera, toxins and cultures ($7.68M), Lead Sheets ($2.61M), and Scrap Aluminium ($1.78M). During the last 23 years the exports of Belgium to Albania have increased at an annualized rate of 1.93%, from $23M in 1999 to $35.7M in 2022.

In 2003, Belgium exported services to Albania worth $1.26M, with Travel ($1.26M) being the largest in terms of value.

Albania-Belgium In 2022, Albania exported $7.08M to Belgium. The main products that Albania exported to Belgium were Lifting Machinery ($2.24M), Seats ($2.21M), and Aluminium Structures ($394k). During the last 23 years the exports of Albania to Belgium have increased at an annualized rate of 1.46%, from $5.07M in 1999 to $7.08M in 2022.

In 2017, Albania exported services to Belgium worth $25M, with Travel ($12.9M), Other business services ($5.87M), and Transportation ($3.16M) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Albania ranked 72 in the Economic Complexity Index (ECI -0.23), and 131 in total exports ($4.3B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €4.19M and imported €449k from Albania, resulting in a positive trade balance of €3.74M. Between December 2022 and December 2023 the exports of Belgium have increased by €2.22M (113%) from €1.97M to €4.19M, while imports increased by €157k (53.6%) from €292k to €449k.

Trade In December 2023, the top exports of Belgium to Albania were Cars, tractors, trucks & parts thereof. (€453k), Optical, photo, & film equipment; medical... (€448k), Machinery, mechanical appliances, & parts (€185k), Mineral fuels, mineral oils and products... (€158k), and Pharmaceutical products (€122k). In December 2023 the top imports of Belgium from Albania were Furniture, bedding, lamps, & prefab buildings (€118k), Stone, plaster, cement, asbestos, mica. (€29k), Edible vegetables, roots, & tubers (€21.7k), Edible fruits, nuts & fruit peels (€15.9k), and Aluminum articles (€12.9k).

Growth In December 2023, the increase in Belgium's year-by-year exports to Albania was explained primarily by an increase in product exports in Optical, photo, & film equipment; medical... (€415k or 1.25k%), Cars, tractors, trucks & parts thereof. (€237k or 109%), and Iron or steel articles (€119k or 9.48k%). In December 2023, the increase in Belgium's year-by-year imports  from Albania was explained primarily by an increase in product imports  in Electrical machinery and electronics (€8.17k or 1.51k%), Stone, plaster, cement, asbestos, mica. (€7.95k or 37.7%), and Paints, dyes, & varnishes (€4.69k or 118%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€2.22M(113%)
IMPORT GROWTH (December 2022 - December 2023)€157k(53.6%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Albania and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $35.7M to Albania. The main products exported from Belgium to Albania were Vaccines, blood, antisera, toxins and cultures ($7.68M), Lead Sheets ($2.61M), and Scrap Aluminium ($1.78M). During the last 23 years the exports of Belgium to Albania have increased at an annualized rate of 1.93%, from $23M in 1999 to $35.7M in 2022.

In 2022, Albania exported $7.08M to Belgium. The main products exported from Albania to Belgium were Lifting Machinery ($2.24M), Seats ($2.21M), and Aluminium Structures ($394k). During the last 23 years the exports of Albania to Belgium have increased at an annualized rate of 1.46%, from $5.07M in 1999 to $7.08M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Albania
Top DestinationItaly$1.75B

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

In 2021, countries that imported more from Belgium than Albania were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Albania than Belgium were Montenegro ($80.8M).

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

Comparative Advantage Belgium - Albania

Flow
Scale

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

During 2022, Belgium had a large net trade with Albania in the exports of Chemical Products ($10.4M), Metals ($5.6M), and Machines ($4.39M).

During 2022, Albania had a large net trade with Belgium in the exports of Machines ($2.69M), Miscellaneous ($2.39M), and Metals ($859k).

Service Trade

Bilateral Service Trade

Bel Year

In 2003, Belgium exported services to Albania worth $1.26M, with Travel ($1.26M) being the largest in terms of value.

In 2017, Albania exported services to Belgium worth $25M, with Travel ($12.9M), Other business services ($5.87M), and Transportation ($3.16M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Albania (Flag) (2003)

Services Exports from Albania (Flag) to Belgium (Flag) (2017)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Albania. Similarly, the more yellow a dot/product is, the more Albania has comparative advantage over Belgium.

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

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