NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Economic Complexity
Trade -0.33Rank 77 of 132
2022
Economic Complexity
Research -0.64Rank 97 of 140
2023
Product
Exports | Imports $4.25B | $8.76B134 of 226 |  122 of 226
2023
Per Capita Product
Exports | Imports $1.55k | $3.19k107 of 220 |  111 of 220

About

Overview In 2023, Albania was the number 115 economy in the world in terms of GDP (current US$), the number 134 in total exports, the number 122 in total imports, the number 93 economy in terms of GDP per capita (current US$) and the number 77 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Albania are Footwear Parts ($315M), Electricity ($282M), Leather Footwear ($249M), Crude Petroleum ($197M), and Ferroalloys ($175M), exporting mostly to Italy ($1.72B), Greece ($409M), Germany ($234M), Spain ($207M), and Serbia ($188M).

Imports The top imports of Albania are Cars ($609M), Refined Petroleum ($567M), Packaged Medicaments ($237M), Raw Iron Bars ($201M), and Electricity ($187M), importing mostly from Italy ($1.9B), China ($971M), Turkey ($818M), Germany ($602M), and Greece ($565M).

Location Albania borders Greece, North Macedonia, Montenegro, and Serbia by land and Croatia and Italy by sea.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Albania.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Footwear Parts$315M
Top Destination (2023)Italy$1.72B

In 2023, Albania exported a total of $4.25B, making it the number 134 exporter in the world. During the last five reported years the exports of Albania have changed by $1.4B from $2.84B in 2018 to $4.25B in 2023.

The most recent exports are led by Footwear Parts ($315M), Electricity ($282M), Leather Footwear ($249M), Crude Petroleum ($197M), and Ferroalloys ($175M). The most common destination for the exports of Albania are Italy ($1.72B), Greece ($409M), Germany ($234M), Spain ($207M), and Serbia ($188M).

Explore Visualizations

Exports (2023)
[Click to Select a Product]

Destinations (2023)
[Click to Select a Country]

Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2022 - 2023)
Serbia$102M (+ 120%)
Switzerland$47.6M (+ 147%)
North Macedonia$42.8M (+ 46.9%)
Fastest Growing Import Markets (2022 - 2023)
Italy$588M (+ 44.9%)
Germany$332M (+ 123%)
India$309M (+ 588%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
View
Sort By

Subscribe today to OEC pro and access the latest data

Sign Up

Service Trade

Service Trade

Albania Exports Services (2018)$3.86B
Albania Imports Services (2018)$3.22B

In 2018, Albania exported $3.86B worth of services. The top services exported by Albania in 2018 were Personal travel ($2.56B), Other business services ($630M), Transportation ($427M), Computer and information services ($113M), and Government services, n.i.e. ($65.2M).

The top services imported by Albania in 2018 were Personal travel ($1.8B), Business travel ($539M), Transportation ($352M), Government services, n.i.e. ($162M), and Other business services ($126M).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Overview

Economic Complexity (Trade)-0.33Rank 77 of 132
Economic Complexity (Research)-0.64Rank 97 of 140

Most Specialized Products by RCA Index

Albania has a high level of specialization in Footwear Parts (181), Chromium Ore (83.3), Perfume Plants (62.5), Marble, Travertine and Alabaster (50.1), and Cucumbers (33.8). Specialization is measured using RCA, an index that takes the ratio between Albania observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Albania according to the relatedness index, were Crustaceans (0.27), Cassava (0.27), Pepper (0.26), Other Vegetable Products (0.26), and Bananas (0.26). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Albania is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Albania. These are products that tend to be co-exported with the products that Albania exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Albania's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨nullth to the 77th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms