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2022
Exports $3.72MWorld Rnk 60 / 196
Flag Rnk 125 / 837
2022
Destination $252k United States
2021 - 2022
FASTEST GROWING MARKET $252kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $657kWorld Rnk 118 / 214
Flag Rnk 599 / 1116
2022
Origin $189k Turkey
2021 - 2022
FASTEST GROWING ORIGIN $189kTurkey
2022
ECONOMIC COMPLEXITY of Albania-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $3.72M in Essential Oils, making it the 60th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 125th most exported product in Albania. The main destination of Essential Oils exports from Albania are: United States ($2.12M), Austria ($307k), United Kingdom ($285k), Spain ($236k), and Germany ($187k).

The fastest growing export markets for Essential Oils of Albania between 2021 and 2022 were United Kingdom ($252k), Czechia ($25.6k), and Romania ($6.39k).

Imports In 2022, Albania imported $657k in Essential Oils, becoming the 118th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 599th most imported product in Albania. Albania imports Essential Oils primarily from: Turkey ($441k), Montenegro ($129k), Italy ($23.5k), Greece ($18.9k), and France ($11.8k).

The fastest growing import markets in Essential Oils for Albania between 2021 and 2022 were Turkey ($189k), France ($11.8k), and Slovenia ($6.74k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Essential Oils. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.72M
IMPORTS (2022)$657k
NET TRADE (2022)$3.06M

In 2022, Albania exported $3.72M in Essential Oils. The main destinations of Albania exports on Essential Oils were United States ($2.12M), Austria ($307k), United Kingdom ($285k), Spain ($236k), and Germany ($187k).

In 2022, Albania imported $657k in Essential Oils, mainly from Turkey ($441k), Montenegro ($129k), Italy ($23.5k), Greece ($18.9k), and France ($11.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Albania WERE (2021 - 2022):
United Kingdom$252k (755%)
Czechia$25.6k (322%)
Romania$6.39k (4.79%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Albania WERE (2021 - 2022):
United States-$4.22M (-66.6%)
Austria-$370k (-54.6%)
Belgium-$182k (-91.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Albania's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $915k
TOP IMPORT POTENTIALItaly+ $28.7k

Essential Oils’s highest export potential is United States. With an export gap of $915k.   Essential Oils’s highest import potential is Italy with an import gap of $28.7k.

See methodology.

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