Switzerland (CHE) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Switzerland-Albania Trade: In 2023, Switzerland exported $138M to Albania. The main products that Switzerland exported to Albania were Electricity ($78.8M), Cars ($18.5M), and Packaged Medicaments ($13.2M). Over the past 5 years the exports of Switzerland to Albania have increased at an annualized rate of 24%, from $47.1M in 2018 to $138M in 2023.

In 2023, Switzerland did not export any services to Albania.

Albania-Switzerland Trade: In 2023, Albania exported $80.1M to Switzerland. The main products that Albania exported to Switzerland were Electricity ($35.7M), Leather Footwear ($4.98M), and Chromium Ore ($3.85M). Over the past 5 years the exports of Albania to Switzerland have increased at an annualized rate of 33.2%, from $19.1M in 2018 to $80.1M in 2023.

In 2017, Albania exported services to Switzerland worth $51.2M, with Travel ($23.3M), Communications services ($11.9M), and Personal, cultural, and recreational services ($6.44M) being the largest in terms of value.

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $138M to Albania. The main products exported from Switzerland to Albania were Electricity ($78.8M), Cars ($18.5M), and Packaged Medicaments ($13.2M). During the last 5 years the exports of Switzerland to Albania have increased at an annualized rate of 24%, from $47.1M in 2018 to $138M in 2023.

In 2018, Albania exported $80.1M to Switzerland. The main products exported from Albania to Switzerland were Electricity ($35.7M), Leather Footwear ($4.98M), and Chromium Ore ($3.85M). During the last 5 years the exports of Albania to Switzerland have increased at an annualized rate of 33.2%, from $19.1M in 2023 to $80.1M in 2018.

Exports from Switzerland () to Albania () (2023)

Exports from Albania () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Albania ()

Switzerland Exports

Date

Albania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Switzerland than Albania included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

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

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

Comparative Advantage Switzerland - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Albania in the exports of Mineral Products ($78.9M), Transportation ($22.6M), and Chemical Products ($16M).

During 2018, Albania had a large net trade with Switzerland in the exports of Mineral Products ($39.5M), Textiles ($24.4M), and Footwear and Headwear ($8.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Albania+$10.1MPackaged Medicaments

Top Product Potential Albania Switzerland+$4.76MLeather 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 Switzerland and Albania. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Switzerland.

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Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Albania () (2023)

Exports from Albania () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Albania ()

Switzerland Exports

Albania Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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