Albania (ALB) and Belgium (BEL) Trade | The Observatory of Economic Complexity

About

Albania-Belgium In 2022, Albania exported $7.08M to Belgium. The main products that Albania exported to Belgium are 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.

Belgium-Albania In 2022, Belgium exported $35.7M to Albania. The main products that Belgium exported 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 2003, Belgium exported services to Albania worth $1.26M, with Travel ($1.26M) being the largest in terms of value.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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.

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.

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

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

Latest Data

Trade between Albania () and Belgium ()

Albania Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.75B

Belgium
Top DestinationGermany$91.9B

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

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

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

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

Comparative Advantage Albania - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

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).

Service Trade

Bilateral Service Trade

Bel Year

2003

2002

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.

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

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

Year

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 Albania has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Albania.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Albania () and Belgium ()

Albania Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Albania - Belgium

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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