2023
Flag  
GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
GDP PC 
$8,575CURRENT US$
Rnk 93 / 195
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195
2023
Flag
GDP PC
$52,926CURRENT US$
Rnk 23 / 196
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195

About

Albania-Finland Trade: In 2023, Albania exported $3.88M to Finland. The main products that Albania exported to Finland were Ferroalloys ($2.14M), Knit Men's Undergarments ($233k), and Leather Footwear ($229k). Over the past 5 years the exports of Albania to Finland have increased at an annualized rate of 15.3%, from $1.91M in 2018 to $3.88M in 2023.

In 2017, Albania exported services to Finland worth $2.6M, with Travel ($2.03M), Transportation ($339k), and Computer and information services ($113k) being the largest in terms of value.

Finland-Albania Trade: In 2023, Finland exported $8.91M to Albania. The main products that Finland exported to Albania were Sawn Wood ($2.34M), Broadcasting Equipment ($1.94M), and Blank Audio Media ($1.72M). Over the past 5 years the exports of Finland to Albania have increased at an annualized rate of 27.7%,  from $2.62M in 2018 to $8.91M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $3.88M to Finland. The main products exported from Albania to Finland were Ferroalloys ($2.14M), Knit Men's Undergarments ($233k), and Leather Footwear ($229k). During the last 5 years the exports of Albania to Finland have increased at an annualized rate of 15.3%, from $1.91M in 2018 to $3.88M in 2023.

In 2018, Finland exported $8.91M to Albania. The main products exported from Finland to Albania were Sawn Wood ($2.34M), Broadcasting Equipment ($1.94M), and Blank Audio Media ($1.72M). During the last 5 years the exports of Finland to Albania have increased at an annualized rate of 27.7%, from $2.62M in 2023 to $8.91M in 2018.

Exports from Albania (Flag) to Finland (Flag) (2023)

Exports from Finland (Flag) to Albania (Flag) (2023)

Latest Data

Trade between Albania (Flag) and Finland (Flag)

Albania Exports

Finland Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.72B
Finland
Top Destination
United States$9.68B

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

In 2023, countries that imported more from Albania than Finland included Greece ($409M), North Macedonia ($134M), and Montenegro ($82.3M).

In 2023, countries that imported more from Finland than Albania included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

Difference in imports from Finland (Flag) and Albania (Flag) (2023)

Comparative Advantage Albania - Finland

Flow
Scale

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

During 2023, Albania had a large net trade with Finland in the exports of Metals ($2.2M), Textiles ($973k), and Footwear and Headwear ($530k).

During 2018, Finland had a large net trade with Albania in the exports of Machines ($4.27M), Wood Products ($2.43M), and Paper Goods ($896k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Finland+$1.03MFerroalloys
Top Product Potential Finland Albania+$251kKaolin Coated Paper

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

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

Product Space of Albania (Flag) and Finland (Flag) (2023)

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