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2022
Flag → Flag
Exports $300kRnk 80 / 129
2022
Flag → Flag
Top Product $105kLeather Footwear
2022
Flag → Flag
Exports $24.1kRnk 134 / 160
2022
Flag → Flag
Top Product $22.5kRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Albania-Iceland Trade: In 2022, Albania exported $300k to Iceland. The main products that Albania exported to Iceland were Leather Footwear ($105k), Knit Active Wear ($43k), and Rubber Footwear ($29k). Over the past 5 years the exports of Albania to Iceland have increased at an annualized rate of 16%, from $143k in 2017 to $300k in 2022.

In 2017, Albania exported services to Iceland worth $226k, with Travel ($226k) being the largest in terms of value.

Iceland-Albania Trade: In 2022, Iceland exported $24.1k to Albania. The main products that Iceland exported to Albania were Refined Petroleum ($22.5k), Hand Saws ($1.67k), and Other Edible Preparations ($26). Over the past 5 years the exports of Iceland to Albania have decreased at an annualized rate of 8.19%,  from $37k in 2017 to $24.1k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $300k to Iceland. The main products exported from Albania to Iceland were Leather Footwear ($105k), Knit Active Wear ($43k), and Rubber Footwear ($29k). During the last 5 years the exports of Albania to Iceland have increased at an annualized rate of 16%, from $143k in 2017 to $300k in 2022.

In 2017, Iceland exported $24.1k to Albania. The main products exported from Iceland to Albania were Refined Petroleum ($22.5k), Hand Saws ($1.67k), and Other Edible Preparations ($26). During the last 5 years the exports of Iceland to Albania have decreased at an annualized rate of 8.19%, from $37k in 2022 to $24.1k in 2017.

Exports from Albania (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Albania (Flag) (2022)

Latest Data

Trade between Albania (Flag) and Iceland (Flag)

Albania Exports

Iceland Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.75B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Albania than Iceland included Italy ($1.75B), Greece ($421M), and North Macedonia ($101M).

In 2022, countries that imported more from Iceland than Albania included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

Difference in imports from Iceland (Flag) and Albania (Flag) (2022)

Comparative Advantage Albania - Iceland

Flow
Scale

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

During 2022, Albania had a large net trade with Iceland in the exports of Footwear and Headwear ($163k), Textiles ($104k), and Transportation ($10.1k).

During 2017, Iceland had a large net trade with Albania in the exports of Mineral Products ($22.5k), Metals ($1.67k), and Foodstuffs ($26).

Economic Complexity

Competitive Landscape

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

Product Space of Albania (Flag) and Iceland (Flag) (2022)

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