Italy / Albania

Italy-Albania Trade: In 2023, Italy exported $1.9B to Albania. The main products that Italy exported to Albania were Tanned Equine and Bovine Hides ($81.5M), Footwear Parts ($66.1M), and Refined Petroleum ($51.8M). Over the past 5 years the exports of Italy to Albania have increased at an annualized rate of 7.86%, from $1.3B in 2018 to $1.9B in 2023.

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 Trade: In 2023, Albania exported $1.72B to Italy. The main products that Albania exported to Italy were Footwear Parts ($298M), Leather Footwear ($144M), and Non-Knit Men's Suits ($67.3M). Over the past 5 years the exports of Albania to Italy have increased at an annualized rate of 5.26%,  from $1.33B in 2018 to $1.72B in 2023.

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 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).