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2022
Exports $51.3kWorld Rnk 123 / 200
Flag Rnk 85 / 96
2022
Destination $39.2k United States
2021 - 2022
FASTEST GROWING MARKET $39.2kUnited States
2022
PRODUCT COMPLEXITY IN Musical instruments1.43Rnk 66 / 1025
2022
Imports $751kWorld Rnk 126 / 224
Flag Rnk 87 / 96
2022
Origin $176k Germany
2021 - 2022
FASTEST GROWING ORIGIN $176kCroatia
2022
ECONOMIC COMPLEXITY of Albania-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $51.3k in Musical instruments, making it the 123rd largest exporter of Musical instruments in the world. At the same year, Musical instruments was the 85th most exported product in Albania. The main destination of Musical instruments exports from Albania are: United States ($39.2k), Singapore ($8.15k), France ($3.41k), Austria ($211), and Sweden ($198).

The fastest growing export markets for Musical instruments of Albania between 2021 and 2022 were United States ($39.2k), Singapore ($8.15k), and France ($3.41k).

Imports In 2022, Albania imported $751k in Musical instruments, becoming the 126th largest importer of Musical instruments in the world. At the same year, Musical instruments was the 87th most imported product in Albania. Albania imports Musical instruments primarily from: Germany ($185k), Croatia ($178k), Italy ($177k), China ($108k), and Serbia ($25.3k).

The fastest growing import markets in Musical instruments for Albania between 2021 and 2022 were Croatia ($176k), Italy ($88.9k), and China ($59.7k).

Latest Trends

Jul 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 Musical instruments. 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)$51.3k
IMPORTS (2022)$751k
NET TRADE (2022)-$699k

In 2022, Albania exported $51.3k in Musical instruments. The main destinations of Albania exports on Musical instruments were United States ($39.2k), Singapore ($8.15k), France ($3.41k), Austria ($211), and Sweden ($198).

In 2022, Albania imported $751k in Musical instruments, mainly from Germany ($185k), Croatia ($178k), Italy ($177k), China ($108k), and Serbia ($25.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical instruments EXPORT MARKETS FOR Albania WERE (2021 - 2022):
United States$39.2k (1%)
Singapore$8.15k (1%)
France$3.41k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments BY Albania WERE (2021 - 2022):
Senegal-$2.04k (-100%)
Chile-$118 (-100%)
United Arab Emirates-$97 (-100%)
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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 Musical instruments were:
China $2.53B
Indonesia $1.08B
Germany $1.01B
In 2022, Albania's main importing competitors in Musical instruments were:
United States $1.91B
Germany $876M
China $615M

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Trade Value of Musical instruments by Exporters

Potential Exports

Potential Exports

Flow
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N/AN/AN/A
TOP IMPORT POTENTIALChina+ $99.8k

Musical instruments’s highest export potential is N/A. With an export gap of N/A.   Musical instruments’s highest import potential is China with an import gap of $99.8k.

See methodology.

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