2023
Exports
$15.7MWorld Rnk 48 / 199
Flag Rnk 59 / 848
2023
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 167 / 1025
2023
Imports
$15.1MWorld Rnk 70 / 223
Flag Rnk 134 / 1119
2023
ECONOMIC COMPLEXITY of Albania
-0.33Rnk 77 / 132

About

Exports In 2023, Albania exported $15.7M in Navigation Equipment, making it the 48th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 59th most exported product in Albania. The main destination of Navigation Equipment exports from Albania are: Italy ($15.6M), Denmark ($110k), Slovenia ($11k), Switzerland ($2.93k), and Netherlands ($2.56k).

The fastest growing export markets for Navigation Equipment of Albania between 2022 and 2023 were Italy ($5.88M), Denmark ($110k), and Slovenia ($10.7k).

Imports In 2023, Albania imported $15.1M in Navigation Equipment, becoming the 70th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 134th most imported product in Albania. Albania imports Navigation Equipment primarily from: Italy ($13.5M), Lithuania ($337k), Czechia ($285k), China ($272k), and United States ($191k).

The fastest growing import markets in Navigation Equipment for Albania between 2022 and 2023 were Italy ($2.96M), Czechia ($279k), and United States ($191k).

Latest Trends

Dec 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 Navigation Equipment. 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 (2023)$15.7M
IMPORTS (2023)$15.1M
NET TRADE (2023)$629k

In 2023, Albania exported $15.7M in Navigation Equipment. The main destinations of Albania exports on Navigation Equipment were Italy ($15.6M), Denmark ($110k), Slovenia ($11k), Switzerland ($2.93k), and Netherlands ($2.56k).

In 2023, Albania imported $15.1M in Navigation Equipment, mainly from Italy ($13.5M), Lithuania ($337k), Czechia ($285k), China ($272k), and United States ($191k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Albania WERE (2022 - 2023):
Italy$5.88M (60.6%)
Denmark$110k (1%)
Slovenia$10.7k (3.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Albania WERE (2022 - 2023):
Croatia-$10.4k (-100%)
Bulgaria-$9.86k (-100%)
Spain-$631 (-37.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Albania's main exporting competitors in Navigation Equipment were:
In 2023, Albania's main importing competitors in Navigation Equipment were:

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBulgaria+ $23.5k
TOP IMPORT POTENTIALChina+ $402k

Navigation Equipment’s highest export potential is Bulgaria. With an export gap of $23.5k.   Navigation Equipment’s highest import potential is China with an import gap of $402k.

See methodology.

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