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Pricing

2022
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Exports $1.74BRnk 52 / 221
2022
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Top Product $89.2MTanned Equine and Bovine Hides
2022
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Exports $1.75BRnk 1 / 129
2022
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Top Product $296MFootwear Parts
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI -0.23Rnk 72 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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 $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$6,803CURRENT US$
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2012-2022
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GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Italy-Albania In 2022, Italy exported $1.74B to Albania. The main products that Italy exported to Albania are Tanned Equine and Bovine Hides ($89.2M), Footwear Parts ($85.3M), and Refined Petroleum ($45.2M). During the last 27 years the exports of Italy to Albania have increased at an annualized rate of 6.57%, from $312M in 1995 to $1.74B in 2022.

In 2002, Italy exported services to Albania worth $81.8M, with Travel ($59.8M), Transportation ($11.5M), and Other business services ($8.39M) being the largest in terms of value.

Albania-Italy In 2022, Albania exported $1.75B to Italy. The main products that Albania exported to Italy were Footwear Parts ($296M), Ferroalloys ($181M), and Leather Footwear ($148M). During the last 27 years the exports of Albania to Italy have increased at an annualized rate of 10.7%, from $114M in 1995 to $1.75B in 2022.

In 2017, Albania exported services to Italy worth $689M, with Travel ($401M), Other business services ($157M), and Transportation ($91.8M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Albania ranked 72 in the Economic Complexity Index (ECI -0.23), and 131 in total exports ($4.3B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €56.1M and imported €96M from Albania, resulting in a negative trade balance of €39.9M. Between December 2022 and December 2023 the exports of Italy have decreased by €-19.1M (-25.4%) from €75.2M to €56.1M, while imports decreased by €-2.46M (-2.5%) from €98.4M to €96M.

Trade In December 2023, the top exports of Italy to Albania were Footwear Parts (€5.61M), Leather of Other Animals (€4.71M), Wine (€3.73M), Padlocks (€3.2M), and Insulated Wire (€2.49M). In December 2023 the top imports of Italy from Albania were Footwear Parts (€24.2M), Leather Footwear (€11.6M), Non-Knit Men's Suits (€5.38M), Non-Knit Women's Suits (€4.09M), and Paper Containers (€3.64M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Albania was explained primarily by an decrease in product exports in Footwear Parts (€-551k or -8.95%), Other Edible Preparations (€-458k or -45.8%), and Knitted or crocheted fabrics of a... (€-375k or -39.7%). In December 2023, the decrease in Italy's year-by-year imports  from Albania was explained primarily by an decrease in product imports  in Raw Aluminium (€-1.37M or -31.9%), Scrap Copper (€-778k or -60.4%), and Electric Motors (€-660k or -29.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-19.1M(-25.4%)
IMPORT GROWTH (December 2022 - December 2023)€-2.46M(-2.5%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.74B to Albania. The main products exported from Italy to Albania were Tanned Equine and Bovine Hides ($89.2M), Footwear Parts ($85.3M), and Refined Petroleum ($45.2M). During the last 27 years the exports of Italy to Albania have increased at an annualized rate of 6.57%, from $312M in 1995 to $1.74B in 2022.

In 2022, Albania exported $1.75B to Italy. The main products exported from Albania to Italy were Footwear Parts ($296M), Ferroalloys ($181M), and Leather Footwear ($148M). During the last 27 years the exports of Albania to Italy have increased at an annualized rate of 10.7%, from $114M in 1995 to $1.75B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Albania
Top DestinationItaly$1.75B

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

In 2021, countries that imported more from Italy than Albania were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2019, no countries were registered that imported more from Albania than from Italy.

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

Comparative Advantage Italy - Albania

Flow
Scale

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

During 2022, Italy had a large net trade with Albania in the exports of Textiles ($320M), Machines ($306M), and Metals ($191M).

During 2022, Albania had a large net trade with Italy in the exports of Footwear and Headwear ($495M), Textiles ($394M), and Metals ($375M).

Service Trade

Bilateral Service Trade

Ita Year

In 2002, Italy exported services to Albania worth $81.8M, with Travel ($59.8M), Transportation ($11.5M), and Other business services ($8.39M) being the largest in terms of value.

In 2017, Albania exported services to Italy worth $689M, with Travel ($401M), Other business services ($157M), and Transportation ($91.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Albania (Flag) (2002)

Services Exports from Albania (Flag) to Italy (Flag) (2017)

Economic Complexity

Competitive Landscape

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

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

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