North Macedonia (MKD) and Albania (ALB) Trade | The Observatory of Economic Complexity

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North Macedonia-Albania Trade: In 2023, North Macedonia exported $150M to Albania. The main products that North Macedonia exported to Albania were Electricity ($45.8M), Plaster Articles ($12.5M), and Scrap Iron ($4.26M). Over the past 5 years the exports of North Macedonia to Albania have increased at an annualized rate of 13%, from $81.2M in 2018 to $150M in 2023.

In 2023, North Macedonia did not export any services to Albania.

Albania-North Macedonia Trade: In 2023, Albania exported $134M to North Macedonia. The main products that Albania exported to North Macedonia were Raw Iron Bars ($43.9M), Coal Briquettes ($22.5M), and Petroleum Gas ($6.87M). Over the past 5 years the exports of Albania to North Macedonia have increased at an annualized rate of 10.6%, from $81.1M in 2018 to $134M in 2023.

In 2023, Albania did not export any services to North Macedonia.

Comparison In 2023, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. 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, North Macedonia exported $150M to Albania. The main products exported from North Macedonia to Albania were Electricity ($45.8M), Plaster Articles ($12.5M), and Scrap Iron ($4.26M). During the last 5 years the exports of North Macedonia to Albania have increased at an annualized rate of 13%, from $81.2M in 2018 to $150M in 2023.

In 2018, Albania exported $134M to North Macedonia. The main products exported from Albania to North Macedonia were Raw Iron Bars ($43.9M), Coal Briquettes ($22.5M), and Petroleum Gas ($6.87M). During the last 5 years the exports of Albania to North Macedonia have increased at an annualized rate of 10.6%, from $81.1M in 2023 to $134M in 2018.

Exports from North Macedonia () to Albania () (2023)

Exports from Albania () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Albania ()

North Macedonia Exports

Date

Albania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from North Macedonia than Albania included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

In 2023, countries that imported more from Albania than North Macedonia included Italy ($1.72B), United Arab Emirates ($49.2M), and China ($161M).

Difference in imports from Albania () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Albania in the exports of Mineral Products ($50.4M), Metals ($19.1M), and Stone And Glass ($15.4M).

During 2018, Albania had a large net trade with North Macedonia in the exports of Metals ($55.5M), Mineral Products ($44.9M), and Vegetable Products ($9.96M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Albania+$2.26MElectricity

Top Product Potential Albania North Macedonia+$3.4MElectricity

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Albania () (2023)

Exports from Albania () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Albania ()

North Macedonia Exports

Albania Exports

Market Competitiveness

Difference in imports from Albania () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Albania () (2023)

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