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2022
Flag → Flag
Exports $116MRnk 105 / 218
2022
Flag → Flag
Top Product $31.9MUnglazed Ceramics
2022
Flag → Flag
Exports $309MRnk 3 / 129
2022
Flag → Flag
Top Product $269MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 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

Spain-Albania Trade: In 2022, Spain exported $116M to Albania. The main products that Spain exported to Albania were Unglazed Ceramics ($31.9M), Refined Petroleum ($18.8M), and Non-Knit Women's Suits ($3.42M). Over the past 5 years the exports of Spain to Albania have increased at an annualized rate of 2.25%, from $104M in 2017 to $116M in 2022.

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

Albania-Spain Trade: In 2022, Albania exported $309M to Spain. The main products that Albania exported to Spain were Crude Petroleum ($269M), Ferroalloys ($6.94M), and Dried/Salted/Smoked/Brined Fish ($5.65M). Over the past 5 years the exports of Albania to Spain have increased at an annualized rate of 19.6%,  from $126M in 2017 to $309M in 2022.

In 2017, Albania exported services to Spain worth $9.83M, with Travel ($5.65M), Transportation ($2.49M), and Other business services ($1.02M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €7.19M and imported €20.3M from Albania, resulting in a negative trade balance of €13.1M. Between September 2023 and September 2024 the exports of Spain have increased by €890k (14.1%) from €6.3M to €7.19M, while imports increased by €10.6M (109%) from €9.72M to €20.3M.

Trade In September 2024, the top exports of Spain to Albania were Unglazed Ceramics (€1.52M), Other Non-Metal Removal Machinery (€337k), Molluscs (€284k), Cars (€245k), and Non-Knit Women's Suits (€187k). In September 2024 the top imports of Spain from Albania were Crude Petroleum (€20.7M), Dried/Salted/Smoked/Brined Fish (€265k), Processed Fish (€212k), Spices (€200k), and Non-Knit Women's Suits (€177k).

Origins In September 2024 the exports of Spain were mainly from Castellón (€1.35M), Madrid (€946k), Barcelona (€868k), Cantabria (Santander) (€599k), and Pontevedra (€445k), while imports destinations were mainly Madrid (€17.3M), Guipúzcoa (€1.23M), Cantabria (Santander) (€483k), Valencia (€314k), and Barcelona (€277k).

Growth In September 2024, the increase in Spain's year-by-year exports to Albania was explained primarily by an increase in product exports in Cars (€219k or 834%), Molluscs (€200k or 238%), and Insulated Wire (€128k or 41.2k%). In September 2024, the increase in Spain's year-by-year imports  from Albania was explained primarily by an increase in product imports  in Crude Petroleum (€2.3M or 12.5%), Processed Fish (€193k or 1.03k%), and Non-Knit Women's Suits (€167k or 1.57k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€890k(14.1%)
IMPORT GROWTH (September 2023 - September 2024)€10.6M(109%)
MAIN EXPORTER (September 2024)Castellón€1.35M

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

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

For full datasets download visit Bulk Download page.

Explore Albania and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $116M to Albania. The main products exported from Spain to Albania were Unglazed Ceramics ($31.9M), Refined Petroleum ($18.8M), and Non-Knit Women's Suits ($3.42M). During the last 5 years the exports of Spain to Albania have increased at an annualized rate of 2.25%, from $104M in 2017 to $116M in 2022.

In 2017, Albania exported $309M to Spain. The main products exported from Albania to Spain were Crude Petroleum ($269M), Ferroalloys ($6.94M), and Dried/Salted/Smoked/Brined Fish ($5.65M). During the last 5 years the exports of Albania to Spain have increased at an annualized rate of 19.6%, from $126M in 2022 to $309M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Spain than Albania included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Albania than Spain included Montenegro ($80.8M).

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

Comparative Advantage Spain - Albania

Flow
Scale

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

During 2022, Spain had a large net trade with Albania in the exports of Stone And Glass ($35.8M), Mineral Products ($20.3M), and Textiles ($11M).

During 2017, Albania had a large net trade with Spain in the exports of Mineral Products ($270M), Metals ($8.77M), and Textiles ($8.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Albania+$8.97MRefined Petroleum
Top Product Potential Albania Spain+$7.94MFerroalloys

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

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

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

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