Cyprus (CYP) and Albania (ALB) Trade | The Observatory of Economic Complexity

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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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Albania () (2022)

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

Latest Data

Trade between Cyprus () and Albania ()

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Cyprus () (2022)

Comparative Advantage Cyprus - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Cyprus () and Albania ()

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Cyprus - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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