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2023
Flag → Flag
Exports $14.8MRnk 112 / 211
2023
Flag → Flag
Top Product $5.75MPackaged Medicaments
2023
Flag → Flag
Exports $2MRnk 49 / 126
2023
Flag → Flag
Top Product $606kOther Electrical Machinery
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 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

Portugal-Albania Trade: In 2023, Portugal exported $14.8M to Albania. The main products that Portugal exported to Albania were Packaged Medicaments ($5.75M), Footwear Parts ($1.9M), and Rubber Tires ($1.26M). Over the past 5 years the exports of Portugal to Albania have increased at an annualized rate of 5.99%, from $11.1M in 2018 to $14.8M in 2023.

In 2023, Portugal did not export any services to Albania.

Albania-Portugal Trade: In 2023, Albania exported $2M to Portugal. The main products that Albania exported to Portugal were Other Electrical Machinery ($606k), Footwear Parts ($370k), and Iron Stovetops ($349k). Over the past 5 years the exports of Albania to Portugal have increased at an annualized rate of 35.6%,  from $436k in 2018 to $2M in 2023.

In 2017, Albania exported services to Portugal worth $1.02M, with Travel ($791k) and Transportation ($226k) being the largest in terms of value.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €1.2M and imported €113k from Albania, resulting in a positive trade balance of €1.09M. Between November 2023 and November 2024 the exports of Portugal have increased by €237k (24.6%) from €964k to €1.2M, while imports increased by €65.2k (137%) from €47.6k to €113k.

Trade In November 2024, the top exports of Portugal to Albania were Pharmaceutical products (€225k), Wadding, felt, nonwovens, twin, ropes, &... (€89.8k), Footwear (€69.4k), Miscellaneous edible preparations (€47.1k), and Mineral fuels, mineral oils and products... (€41.1k). In November 2024 the top imports of Portugal from Albania were Footwear (€67.6k), Iron/Steel Articles (€58.3k), Rubber & articles thereof (€21.8k), Electrical machinery and electronics (€391), and Non-knitted clothing accesories (€197).

Growth In November 2024, the increase in Portugal's year-by-year exports to Albania was explained primarily by an increase in product exports in Pharmaceutical products (€143k or 174%), Wadding, felt, nonwovens, twin, ropes, &... (€88.4k or 6.34k%), and Machinery, mechanical appliances, & parts (€24.5k or 523%). In November 2024, the increase in Portugal's year-by-year imports  from Albania was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€237k(24.6%)
IMPORT GROWTH (November 2023 - November 2024)€65.2k(137%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Albania and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $14.8M to Albania. The main products exported from Portugal to Albania were Packaged Medicaments ($5.75M), Footwear Parts ($1.9M), and Rubber Tires ($1.26M). During the last 5 years the exports of Portugal to Albania have increased at an annualized rate of 5.99%, from $11.1M in 2018 to $14.8M in 2023.

In 2018, Albania exported $2M to Portugal. The main products exported from Albania to Portugal were Other Electrical Machinery ($606k), Footwear Parts ($370k), and Iron Stovetops ($349k). During the last 5 years the exports of Albania to Portugal have increased at an annualized rate of 35.6%, from $436k in 2023 to $2M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Portugal than Albania included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Albania than Portugal included Greece ($409M), Serbia ($188M), and North Macedonia ($134M).

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

Comparative Advantage Portugal - Albania

Flow
Scale

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

During 2023, Portugal had a large net trade with Albania in the exports of Chemical Products ($5.8M), Footwear and Headwear ($2.16M), and Machines ($1.71M).

During 2018, Albania had a large net trade with Portugal in the exports of Machines ($616k), Metals ($439k), and Footwear and Headwear ($391k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Albania+$1.16MPackaged Medicaments
Top Product Potential Albania Portugal+$980kFootwear Parts

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

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

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