Albania (ALB) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Albania-Australia Trade: In 2023, Albania exported $3.85M to Australia. The main products that Albania exported to Australia were Leather Footwear ($813k), Centrifuges ($419k), and Perfume Plants ($331k). Over the past 5 years the exports of Albania to Australia have decreased at an annualized rate of 18.3%, from $10.5M in 2018 to $3.85M in 2023.

In 2017, Albania exported services to Australia worth $5.65M, with Travel ($3.84M), Other business services ($904k), and Transportation ($678k) being the largest in terms of value.

Australia-Albania Trade: In 2023, Australia exported $2.72M to Albania. The main products that Australia exported to Albania were Margarine ($1.58M), Sheep Hides ($450k), and Bovine Meat ($316k). Over the past 5 years the exports of Australia to Albania have increased at an annualized rate of 3.29%, from $2.32M in 2018 to $2.72M in 2023.

In 2023, Australia did not export any services to Albania.

Comparison: In 2023, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $3.85M to Australia. The main products exported from Albania to Australia were Leather Footwear ($813k), Centrifuges ($419k), and Perfume Plants ($331k). During the last 5 years the exports of Albania to Australia have decreased at an annualized rate of 18.3%, from $10.5M in 2018 to $3.85M in 2023.

In 2018, Australia exported $2.72M to Albania. The main products exported from Australia to Albania were Margarine ($1.58M), Sheep Hides ($450k), and Bovine Meat ($316k). During the last 5 years the exports of Australia to Albania have increased at an annualized rate of 3.29%, from $2.32M in 2023 to $2.72M in 2018.

Exports from Albania () to Australia () (2023)

Exports from Australia () to Albania () (2023)

Latest Data

Trade between Albania () and Australia ()

Albania Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Australia
Top DestinationChina$137B

This map shows whether countries import more from Albania or Australia. Each country is colored based on the difference in imports they receive from Albania and Australia or the difference in the growth in imports.

In 2023, countries that imported more from Albania than Australia included Italy ($1.72B), Greece ($409M), and Serbia ($188M).

In 2023, countries that imported more from Australia than Albania included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Albania () (2023)

Comparative Advantage Albania - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Albania and Australia by product, considering products traded by both, Albania and Australia.

During 2023, Albania had a large net trade with Australia in the exports of Textiles ($1.27M), Footwear and Headwear ($832k), and Machines ($502k).

During 2018, Australia had a large net trade with Albania in the exports of Animal and Vegetable Bi-Products ($1.58M), Animal Hides ($450k), and Animal Products ($360k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Australia+$979kLeather Footwear

Top Product Potential Australia Albania+$50.5kBeauty Products

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Albania and Australia. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Albania.

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Australia () (2023)

Exports from Australia () to Albania () (2023)

Latest Data

Trade between Albania () and Australia ()

Albania Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Albania () (2023)

Comparative Advantage Albania - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and Australia () (2023)

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