Flag Turkey / Albania Flag

Exports Flag β†’ Flag  (2018): $395M, Rnk 72 / 205

Top Product Flag β†’ Flag (2018): $19.9M, Light Rubberized Knitted Fabric

Exports Flag β†’ Flag (2018): $22M, Rnk 16 / 107

Top Product Flag β†’ Flag (2018): $3.56M, Raw Aluminium

Economic Complexity of Flag (2018): ECI 0.57, Rnk 43 / 137

Economic Complexity of Flag (2018): ECI -0.52, Rnk 90 / 137

GDP Flag (2018): $771B, CURRENT US$
Rnk 19 / 196

GDP GROWTH Flag (2008-2018): 0.92%, CURRENT US$
Rnk 162 / 196

GDP Flag (2018): $15.1B, CURRENT US$
Rnk 122 / 196

GDP GROWTH Flag (2008-2018): 17.2%, CURRENT US$
Rnk 132 / 196

GDP PC Flag (2018): $9,370, CURRENT US$
Rnk 80 / 196

GDP PC GROWTH Flag (2008-2018): -13.7%, CURRENT US$
Rnk 172 / 196

GDP PC Flag (2018): $5,269, CURRENT US$
Rnk 108 / 196

GDP PC GROWTH Flag (2008-2018): 20.6%, CURRENT US$
Rnk 102 / 196

Turkey-Albania: In 2018, Turkey exported $395M to Albania. The main products that Turkey exported to Albania are Light Rubberized Knitted Fabric ($19.9M), Packaged Medicaments ($17.8M), and Particle Board ($14.7M). During the last 23 years the exports of Turkey to Albania have increased at an annualized rate of 8.8%, from $56.8M in 1995 to $395M in 2018.

In 2018, Turkey did not exported services to Albania.

Albania-Turkey: In 2018, Albania exported $22M to Turkey . The main products that Albania exported to Turkey were Raw Aluminium ($3.56M), Leather Footwear ($2.49M), and Electric Motors ($2.1M). During the last 23 years the exports of Turkey to Albania have increased at an annualized rate of 8.8%, from $56.8M in 1995 to $395M in 2018.

In 2018, Albania did not exported services to Turkey.

Comparison: In 2018,  Turkey ranked 43 in the Economic Complexity Index (ECI 0.57), and 29 in total exports ($177B). That same year, Albania ranked 90 in the Economic Complexity Index (ECI -0.52), and 129 in total exports ($2.66B).

Bilateral Trade by Products

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Depth
Value

In 2018, Turkey exported $395M to Albania. The main products exported from Turkey to Albania were Light Rubberized Knitted Fabric ($19.9M), Packaged Medicaments ($17.8M), and Particle Board ($14.7M). During the last 23 years the exports of Turkey to Albania have increased at an annualized rate of 8.8%, from $56.8M in 1995 to $395M in 2018.

In 2018, Albania exported $22M to Turkey. The main products exported from Albania to Turkey were Raw Aluminium ($3.56M), Leather Footwear ($2.49M), and Electric Motors ($2.1M). During the last 23 years the exports of Albania to Turkey have increased at an annualized rate of 13.3%, from $1.23M in 1995 to $22M in 2018.

Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.6B

Albania
Top Destination
: Italy, $1.29B

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

In 2018, countries that imported more from Turkey than Albania were Germany ($16.6B), United Kingdom ($11.9B), and Italy ($10.1B).

In 2018, no countries were registered that imported more from Albania than from Turkey.

Comparative Advantage Turkey - Albania

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Depth

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

During 2018, Turkey had a large net trade with Albania in the exports of Textiles ($102M), Metals ($57.8M), and Machines ($46.5M).

During 2018, Albania had a large net trade with Turkey in the exports of Metals ($4.75M), Vegetable Products ($3.77M), and Footwear and Headwear ($3.5M).

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Turkey has comparative advantage over Albania. Similarly, the more red a dot/product is, the more Albania has comparative advantage over Turkey.