Albania (ALB) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Albania-Canada Trade: In 2022, Albania exported $16.4M to Canada. The main products that Albania exported to Canada were Ferroalloys ($3.18M), Aluminium Bars ($2.35M), and Leather Footwear ($1.82M). Over the past 5 years the exports of Albania to Canada have increased at an annualized rate of 11.5%, from $9.54M in 2017 to $16.4M in 2022.

In 2017, Albania exported services to Canada worth $12.1M, with Travel ($9.04M), Other business services ($2.49M), and Transportation ($339k) being the largest in terms of value.

Canada-Albania Trade: In 2022, Canada exported $39.1M to Albania. The main products that Canada exported to Albania were Cars ($29.2M), Crustaceans ($4.26M), and Liquid Pumps ($779k). Over the past 5 years the exports of Canada to Albania have increased at an annualized rate of 15.2%, from $19.2M in 2017 to $39.1M in 2022.

In 2022, Canada did not export any services to Albania.

Comparison: In 2022, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Albania exported $16.4M to Canada. The main products exported from Albania to Canada were Ferroalloys ($3.18M), Aluminium Bars ($2.35M), and Leather Footwear ($1.82M). During the last 5 years the exports of Albania to Canada have increased at an annualized rate of 11.5%, from $9.54M in 2017 to $16.4M in 2022.

In 2017, Canada exported $39.1M to Albania. The main products exported from Canada to Albania were Cars ($29.2M), Crustaceans ($4.26M), and Liquid Pumps ($779k). During the last 5 years the exports of Canada to Albania have increased at an annualized rate of 15.2%, from $19.2M in 2022 to $39.1M in 2017.

Exports from Albania () to Canada () (2022)

Exports from Canada () to Albania () (2022)

Latest Data

Trade between Albania () and Canada ()

Albania Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.75B

Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Albania than Canada included Greece ($421M), North Macedonia ($101M), and Montenegro ($80.8M).

In 2022, countries that imported more from Canada than Albania included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada () and Albania () (2022)

Comparative Advantage Albania - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Albania had a large net trade with Canada in the exports of Metals ($5.89M), Textiles ($4.77M), and Footwear and Headwear ($2.59M).

During 2017, Canada had a large net trade with Albania in the exports of Transportation ($29.4M), Animal Products ($5.16M), and Machines ($1.81M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Canada+$2.37MFerroalloys

Top Product Potential Canada Albania+$3.8MCars

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 Canada. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Albania.

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Canada () (2022)

Exports from Canada () to Albania () (2022)

Latest Data

Trade between Albania () and Canada ()

Albania Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Albania () (2022)

Comparative Advantage Albania - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and Canada () (2022)

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