2023
Flag  
GDP
$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH
30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC 
$64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC
$8,575CURRENT US$
Rnk 93 / 196
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195

About

Netherlands-Albania Trade: In 2023, Netherlands exported $122M to Albania. The main products that Netherlands exported to Albania were Flavored Water ($17.9M), Other Printed Material ($9.28M), and Crustaceans ($8.24M). Over the past 5 years the exports of Netherlands to Albania have increased at an annualized rate of 10.1%, from $75.3M in 2018 to $122M in 2023.

In 2003, Netherlands exported services to Albania worth $0, with being the largest in terms of value.

Albania-Netherlands Trade: In 2023, Albania exported $27.5M to Netherlands. The main products that Albania exported to Netherlands were Ferroalloys ($10.9M), Leather Footwear ($4.99M), and Excavation Machinery ($1.89M). Over the past 5 years the exports of Albania to Netherlands have increased at an annualized rate of 28.5%,  from $7.85M in 2018 to $27.5M in 2023.

In 2017, Albania exported services to Netherlands worth $13.1M, with Travel ($7.91M), Transportation ($2.26M), and Other business services ($1.81M) being the largest in terms of value.

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). 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, Netherlands exported $122M to Albania. The main products exported from Netherlands to Albania were Flavored Water ($17.9M), Other Printed Material ($9.28M), and Crustaceans ($8.24M). During the last 5 years the exports of Netherlands to Albania have increased at an annualized rate of 10.1%, from $75.3M in 2018 to $122M in 2023.

In 2018, Albania exported $27.5M to Netherlands. The main products exported from Albania to Netherlands were Ferroalloys ($10.9M), Leather Footwear ($4.99M), and Excavation Machinery ($1.89M). During the last 5 years the exports of Albania to Netherlands have increased at an annualized rate of 28.5%, from $7.85M in 2023 to $27.5M in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top Destination
Germany$96.9B
Albania
Top Destination
Italy$1.72B

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

In 2023, countries that imported more from Netherlands than Albania included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Albania than Netherlands included Montenegro ($82.3M).

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

Comparative Advantage Netherlands - Albania

Flow
Scale

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

During 2023, Netherlands had a large net trade with Albania in the exports of Foodstuffs ($29.1M), Machines ($17.8M), and Animal Products ($14.1M).

During 2018, Albania had a large net trade with Netherlands in the exports of Metals ($11.6M), Footwear and Headwear ($5.11M), and Machines ($3.59M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Albania+$4.91MPackaged Medicaments
Top Product Potential Albania Netherlands+$7.15MFerroalloys

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

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

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