Albania (ALB) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Albania-Spain Trade: In 2023, Albania exported $207M to Spain. The main products that Albania exported to Spain were Crude Petroleum ($178M), Dried/Salted/Smoked/Brined Fish ($6.7M), and Processed Fish ($2.81M). Over the past 5 years the exports of Albania to Spain have decreased at an annualized rate of 1.81%, from $227M in 2018 to $207M in 2023.

In 2017, Albania exported services to Spain worth $9.83M, with Travel ($5.65M), Transportation ($2.49M), and Other business services ($1.02M) being the largest in terms of value.

Spain-Albania Trade: In 2023, Spain exported $118M to Albania. The main products that Spain exported to Albania were Unglazed Ceramics ($23.2M), Refined Petroleum ($11.4M), and Packaged Medicaments ($6.23M). Over the past 5 years the exports of Spain to Albania have increased at an annualized rate of 3.99%, from $96.8M in 2018 to $118M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $207M to Spain. The main products exported from Albania to Spain were Crude Petroleum ($178M), Dried/Salted/Smoked/Brined Fish ($6.7M), and Processed Fish ($2.81M). During the last 5 years the exports of Albania to Spain have decreased at an annualized rate of 1.81%, from $227M in 2018 to $207M in 2023.

In 2018, Spain exported $118M to Albania. The main products exported from Spain to Albania were Unglazed Ceramics ($23.2M), Refined Petroleum ($11.4M), and Packaged Medicaments ($6.23M). During the last 5 years the exports of Spain to Albania have increased at an annualized rate of 3.99%, from $96.8M in 2023 to $118M in 2018.

Exports from Albania () to Spain () (2023)

Exports from Spain () to Albania () (2023)

Latest Data

Trade between Albania () and Spain ()

Albania Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Albania than Spain included Montenegro ($82.3M).

In 2023, countries that imported more from Spain than Albania included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Albania - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Spain in the exports of Mineral Products ($179M), Animal Products ($6.77M), and Foodstuffs ($4.08M).

During 2018, Spain had a large net trade with Albania in the exports of Stone And Glass ($26.7M), Mineral Products ($15.3M), and Chemical Products ($14.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Spain+$7.94MFerroalloys

Top Product Potential Spain Albania+$8.97MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Spain () (2023)

Exports from Spain () to Albania () (2023)

Latest Data

Trade between Albania () and Spain ()

Albania Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Albania - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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