Israel (ISR) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Israel-Albania Trade: In 2023, Israel exported $38.3M to Albania. The main products that Israel exported to Albania were Refined Petroleum ($29.2M), Prefabricated Buildings ($1.58M), and Video Recording Equipment ($1.41M). Over the past 5 years the exports of Israel to Albania have increased at an annualized rate of 5.4%, from $29.4M in 2018 to $38.3M in 2023.

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

Albania-Israel Trade: In 2023, Albania exported $3.11M to Israel. The main products that Albania exported to Israel were Leather Footwear ($952k), Excavation Machinery ($242k), and Building Stone ($229k). Over the past 5 years the exports of Albania to Israel have increased at an annualized rate of 4.93%, from $2.45M in 2018 to $3.11M in 2023.

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

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $38.3M to Albania. The main products exported from Israel to Albania were Refined Petroleum ($29.2M), Prefabricated Buildings ($1.58M), and Video Recording Equipment ($1.41M). During the last 5 years the exports of Israel to Albania have increased at an annualized rate of 5.4%, from $29.4M in 2018 to $38.3M in 2023.

In 2018, Albania exported $3.11M to Israel. The main products exported from Albania to Israel were Leather Footwear ($952k), Excavation Machinery ($242k), and Building Stone ($229k). During the last 5 years the exports of Albania to Israel have increased at an annualized rate of 4.93%, from $2.45M in 2023 to $3.11M in 2018.

Exports from Israel () to Albania () (2023)

Exports from Albania () to Israel () (2023)

Latest Data

Trade between Israel () and Albania ()

Israel Exports

Date

Albania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Israel than Albania included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Albania than Israel included Italy ($1.72B), Serbia ($188M), and North Macedonia ($134M).

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

Comparative Advantage Israel - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Albania in the exports of Mineral Products ($29.2M), Machines ($2.39M), and Plastics and Rubbers ($1.74M).

During 2018, Albania had a large net trade with Israel in the exports of Footwear and Headwear ($967k), Textiles ($509k), and Machines ($450k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Albania+$347kRaw Plastic Sheeting

Top Product Potential Albania Israel+$603kOther Furniture

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 Israel and Albania. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Israel.

About

Historical Data

Bilateral Trade by Products

Exports from Israel () to Albania () (2023)

Exports from Albania () to Israel () (2023)

Latest Data

Trade between Israel () and Albania ()

Israel Exports

Albania Exports

Market Competitiveness

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

Comparative Advantage Israel - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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