2023
Exports
$404kWorld Rnk 77 / 177
Flag Rnk 307 / 848
2023
PRODUCT COMPLEXITY IN Woodworking machines
1.29Rnk 81 / 1025
2023
Imports
$7.2MWorld Rnk 85 / 217
Flag Rnk 248 / 1119
2023
ECONOMIC COMPLEXITY of Albania
-0.33Rnk 77 / 132

About

Exports In 2023, Albania exported $404k in Woodworking machines, making it the 77th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 307th most exported product in Albania. The main destination of Woodworking machines exports from Albania are: Serbia ($241k), Senegal ($102k), Italy ($44.4k), Greece ($9.25k), and Romania ($5.06k).

The fastest growing export markets for Woodworking machines of Albania between 2022 and 2023 were Serbia ($241k), Senegal ($80.7k), and Italy ($20.1k).

Imports In 2023, Albania imported $7.2M in Woodworking machines, becoming the 85th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 248th most imported product in Albania. Albania imports Woodworking machines primarily from: Italy ($3.84M), Turkey ($1.95M), China ($628k), Spain ($249k), and Greece ($119k).

The fastest growing import markets in Woodworking machines for Albania between 2022 and 2023 were Turkey ($865k), Spain ($249k), and United Arab Emirates ($99.3k).

Latest Trends

Jan 2025

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 Woodworking machines. 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)$404k
IMPORTS (2023)$7.2M
NET TRADE (2023)-$6.8M

In 2023, Albania exported $404k in Woodworking machines. The main destinations of Albania exports on Woodworking machines were Serbia ($241k), Senegal ($102k), Italy ($44.4k), Greece ($9.25k), and Romania ($5.06k).

In 2023, Albania imported $7.2M in Woodworking machines, mainly from Italy ($3.84M), Turkey ($1.95M), China ($628k), Spain ($249k), and Greece ($119k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Albania WERE (2022 - 2023):
Serbia$241k (1%)
Senegal$80.7k (379%)
Italy$20.1k (82.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Albania WERE (2022 - 2023):
Montenegro-$3.23k (-84.5%)
Netherlands-$1.95k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Albania's main exporting competitors in Woodworking machines were:
China $2.22B
Germany $1.75B
Italy $1.23B
In 2023, Albania's main importing competitors in Woodworking machines were:

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $22.1k
TOP IMPORT POTENTIALChina+ $542k

Woodworking machines’s highest export potential is Italy. With an export gap of $22.1k.   Woodworking machines’s highest import potential is China with an import gap of $542k.

See methodology.

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