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2022
Flag → Flag
Exports $4.34MRnk 77 / 194
2022
Flag → Flag
Top Product $2.49MPackaged Medicaments
2022
Flag → Flag
Exports $930kRnk 62 / 129
2022
Flag → Flag
Top Product $214kSawn Wood
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC $31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186
2022
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GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Cyprus-Albania Trade: In 2022, Cyprus exported $4.34M to Albania. The main products that Cyprus exported to Albania were Packaged Medicaments ($2.49M), Scrap Aluminium ($1M), and Animal Fat ($292k). Over the past 5 years the exports of Cyprus to Albania have decreased at an annualized rate of 9.85%, from $7.29M in 2017 to $4.34M in 2022.

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

Albania-Cyprus Trade: In 2022, Albania exported $930k to Cyprus. The main products that Albania exported to Cyprus were Sawn Wood ($214k), Aluminium Structures ($139k), and Beer ($136k). Over the past 5 years the exports of Albania to Cyprus have increased at an annualized rate of 90.6%,  from $37k in 2017 to $930k in 2022.

In 2017, Albania exported services to Cyprus worth $13M, with Other business services ($6.78M), Travel ($5.08M), and Personal, cultural, and recreational services ($452k) being the largest in terms of value.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. 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
Value

In 2022, Cyprus exported $4.34M to Albania. The main products exported from Cyprus to Albania were Packaged Medicaments ($2.49M), Scrap Aluminium ($1M), and Animal Fat ($292k). During the last 5 years the exports of Cyprus to Albania have decreased at an annualized rate of 9.85%, from $7.29M in 2017 to $4.34M in 2022.

In 2017, Albania exported $930k to Cyprus. The main products exported from Albania to Cyprus were Sawn Wood ($214k), Aluminium Structures ($139k), and Beer ($136k). During the last 5 years the exports of Albania to Cyprus have increased at an annualized rate of 90.6%, from $37k in 2022 to $930k in 2017.

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

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

Latest Data

Trade between Cyprus (Flag) and Albania (Flag)

Cyprus Exports

Albania Exports

Market Competitiveness

Color
Cyprus
Top DestinationHong Kong$482M
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Cyprus than Albania included Hong Kong ($482M), Lebanon ($329M), and Liberia ($255M).

In 2022, countries that imported more from Albania than Cyprus included Italy ($1.75B), Spain ($309M), and China ($164M).

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

Comparative Advantage Cyprus - Albania

Flow
Scale

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

During 2022, Cyprus had a large net trade with Albania in the exports of Chemical Products ($2.76M), Metals ($1M), and Animal Products ($292k).

During 2017, Albania had a large net trade with Cyprus in the exports of Foodstuffs ($262k), Wood Products ($226k), and Chemical Products ($168k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Cyprus and Albania. This means that a dot/product with the flag of Cyprus indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Cyprus.

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

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