2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186

About

Philippines-Albania Trade: In 2022, Philippines exported $70.6k to Albania. The main products that Philippines exported to Albania were Base Metal Watches ($57.7k), Broadcasting Equipment ($8.4k), and Microphones and Headphones ($2.92k). Over the past 5 years the exports of Philippines to Albania have decreased at an annualized rate of 0.79%, from $73.5k in 2017 to $70.6k in 2022.

In 2022, Philippines did not export any services to Albania.

Albania-Philippines Trade: In 2022, Albania exported $426k to Philippines. The main products that Albania exported to Philippines were Machinery Having Individual Functions ($78.1k), Printed Circuit Boards ($48.9k), and Office Machine Parts ($48.7k). Over the past 5 years the exports of Albania to Philippines have decreased at an annualized rate of 10.7%,  from $752k in 2017 to $426k in 2022.

In 2017, Albania exported services to Philippines worth $226k, with Travel ($226k) being the largest in terms of value.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $70.6k to Albania. The main products exported from Philippines to Albania were Base Metal Watches ($57.7k), Broadcasting Equipment ($8.4k), and Microphones and Headphones ($2.92k). During the last 5 years the exports of Philippines to Albania have decreased at an annualized rate of 0.79%, from $73.5k in 2017 to $70.6k in 2022.

In 2017, Albania exported $426k to Philippines. The main products exported from Albania to Philippines were Machinery Having Individual Functions ($78.1k), Printed Circuit Boards ($48.9k), and Office Machine Parts ($48.7k). During the last 5 years the exports of Albania to Philippines have decreased at an annualized rate of 10.7%, from $752k in 2022 to $426k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Albania
Top Destination
Italy$1.75B

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

In 2022, countries that imported more from Philippines than Albania included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Albania than Philippines included Italy ($1.75B), Greece ($421M), and North Macedonia ($101M).

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

Comparative Advantage Philippines - Albania

Flow
Scale

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

During 2022, Philippines had a large net trade with Albania in the exports of Instruments ($57.7k) and Machines ($12.9k).

During 2017, Albania had a large net trade with Philippines in the exports of Machines ($299k), Instruments ($48.1k), and Textiles ($32.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Albania+$3.18kInsulated Wire
Top Product Potential Albania Philippines+$3.58kRefined Petroleum

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

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

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