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2023
Flag → Flag
Exports $8.67MRnk 108 / 196
2023
Flag → Flag
Top Product $3.26MOther Edible Preparations
2023
Flag → Flag
Exports $2.38MRnk 48 / 126
2023
Flag → Flag
Top Product $784kMelons
2023
Flag
Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag  
GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
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GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
Flag
 GDP$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC $27,786CURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC$8,575CURRENT US$
Rnk 93 / 196
2013-2023
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GDP PC GROWTH94.3%CURRENT US$
Rnk 10 / 195

About

Lithuania-Albania Trade: In 2023, Lithuania exported $8.67M to Albania. The main products that Lithuania exported to Albania were Other Edible Preparations ($3.26M), Rolled Tobacco ($609k), and Refined Petroleum ($569k). Over the past 5 years the exports of Lithuania to Albania have increased at an annualized rate of 22.7%, from $3.11M in 2018 to $8.67M in 2023.

In 2003, Lithuania exported services to Albania worth $51.8k, with Travel ($51.8k) being the largest in terms of value.

Albania-Lithuania Trade: In 2023, Albania exported $2.38M to Lithuania. The main products that Albania exported to Lithuania were Melons ($784k), Cabbages ($731k), and Petroleum Gas ($148k). Over the past 5 years the exports of Albania to Lithuania have increased at an annualized rate of 22.7%,  from $858k in 2018 to $2.38M in 2023.

In 2017, Albania exported services to Lithuania worth $1.13M, with Travel ($791k), Other business services ($226k), and Transportation ($113k) being the largest in terms of value.

Comparison: In 2023,  Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B). 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
Value

In 2023, Lithuania exported $8.67M to Albania. The main products exported from Lithuania to Albania were Other Edible Preparations ($3.26M), Rolled Tobacco ($609k), and Refined Petroleum ($569k). During the last 5 years the exports of Lithuania to Albania have increased at an annualized rate of 22.7%, from $3.11M in 2018 to $8.67M in 2023.

In 2018, Albania exported $2.38M to Lithuania. The main products exported from Albania to Lithuania were Melons ($784k), Cabbages ($731k), and Petroleum Gas ($148k). During the last 5 years the exports of Albania to Lithuania have increased at an annualized rate of 22.7%, from $858k in 2023 to $2.38M in 2018.

Exports from Lithuania (Flag) to Albania (Flag) (2023)

Exports from Albania (Flag) to Lithuania (Flag) (2023)

Latest Data

Trade between Lithuania (Flag) and Albania (Flag)

Lithuania Exports

Albania Exports

Market Competitiveness

Color
Lithuania
Top DestinationLatvia$4.44B
Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Lithuania than Albania included Latvia ($4.44B), Poland ($3.37B), and Germany ($2.83B).

In 2023, countries that imported more from Albania than Lithuania included Italy ($1.72B), Greece ($409M), and Serbia ($188M).

Difference in imports from Albania (Flag) and Lithuania (Flag) (2023)

Comparative Advantage Lithuania - Albania

Flow
Scale

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

During 2023, Lithuania had a large net trade with Albania in the exports of Foodstuffs ($4.22M), Machines ($1.03M), and Mineral Products ($977k).

During 2018, Albania had a large net trade with Lithuania in the exports of Vegetable Products ($1.77M), Footwear and Headwear ($173k), and Mineral Products ($148k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Albania+$1.18MRefined Petroleum
Top Product Potential Albania Lithuania+$456kLeather Footwear

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

Product Space of Lithuania (Flag) and Albania (Flag) (2023)

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