2022
Exports
$2.82MWorld Rnk 127 / 223
Flag Rnk 49 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$220MWorld Rnk 121 / 226
Flag Rnk 7 / 96
2022
ECONOMIC COMPLEXITY of Albania
-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $2.82M in Pharmaceutical products, making it the 127th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 49th most exported product in Albania. The main destination of Pharmaceutical products exports from Albania are: Italy ($1.73M), North Macedonia ($282k), Ecuador ($180k), Turkey ($154k), and Mozambique ($111k).

The fastest growing export markets for Pharmaceutical products of Albania between 2021 and 2022 were Italy ($1.21M), Ecuador ($180k), and Turkey ($154k).

Imports In 2022, Albania imported $220M in Pharmaceutical products, becoming the 121st largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 7th most imported product in Albania. Albania imports Pharmaceutical products primarily from: Switzerland ($34.2M), Italy ($26.7M), Turkey ($25.1M), Slovenia ($24.2M), and Germany ($23.4M).

The fastest growing import markets in Pharmaceutical products for Albania between 2021 and 2022 were Switzerland ($17.7M), Slovenia ($5.94M), and Bulgaria ($1.82M).

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 Pharmaceutical products. 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)$2.82M
IMPORTS (2022)$220M
NET TRADE (2022)-$217M

In 2022, Albania exported $2.82M in Pharmaceutical products. The main destinations of Albania exports on Pharmaceutical products were Italy ($1.73M), North Macedonia ($282k), Ecuador ($180k), Turkey ($154k), and Mozambique ($111k).

In 2022, Albania imported $220M in Pharmaceutical products, mainly from Switzerland ($34.2M), Italy ($26.7M), Turkey ($25.1M), Slovenia ($24.2M), and Germany ($23.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Albania WERE (2021 - 2022):
Italy$1.21M (230%)
Ecuador$180k (1%)
Turkey$154k (906k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Albania WERE (2021 - 2022):
Serbia-$1.29M (-100%)
Netherlands-$912k (-97.4%)
Panama-$309k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Pharmaceutical products were:
In 2022, Albania's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $588k
TOP IMPORT POTENTIALGermany+ $21.4M

Pharmaceutical products’s highest export potential is Italy. With an export gap of $588k.   Pharmaceutical products’s highest import potential is Germany with an import gap of $21.4M.

See methodology.

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