Albania (ALB) and Israel (ISR) Trade | The Observatory of Economic Complexity

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Albania-Israel Trade: In 2023, Albania exported $3.11M to Israel. The main products that Albania exported to Israel were Leather Footwear ($952k), Excavation Machinery ($242k), and Building Stone ($229k). Over the past 5 years the exports of Albania to Israel have increased at an annualized rate of 4.93%, from $2.45M in 2018 to $3.11M in 2023.

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

Israel-Albania Trade: In 2023, Israel exported $38.3M to Albania. The main products that Israel exported to Albania were Refined Petroleum ($29.2M), Prefabricated Buildings ($1.58M), and Video Recording Equipment ($1.41M). Over the past 5 years the exports of Israel to Albania have increased at an annualized rate of 5.4%, from $29.4M in 2018 to $38.3M in 2023.

In 2023, Israel 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $3.11M to Israel. The main products exported from Albania to Israel were Leather Footwear ($952k), Excavation Machinery ($242k), and Building Stone ($229k). During the last 5 years the exports of Albania to Israel have increased at an annualized rate of 4.93%, from $2.45M in 2018 to $3.11M in 2023.

In 2018, Israel exported $38.3M to Albania. The main products exported from Israel to Albania were Refined Petroleum ($29.2M), Prefabricated Buildings ($1.58M), and Video Recording Equipment ($1.41M). During the last 5 years the exports of Israel to Albania have increased at an annualized rate of 5.4%, from $29.4M in 2023 to $38.3M in 2018.

Exports from Albania () to Israel () (2023)

Exports from Israel () to Albania () (2023)

Latest Data

Trade between Albania () and Israel ()

Albania Exports

Date

Israel Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Israel
Top DestinationUnited States$20.3B

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

In 2023, countries that imported more from Albania than Israel included Italy ($1.72B), Serbia ($188M), and North Macedonia ($134M).

In 2023, countries that imported more from Israel than Albania included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

Comparative Advantage Albania - Israel

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Israel in the exports of Footwear and Headwear ($967k), Textiles ($509k), and Machines ($450k).

During 2018, Israel had a large net trade with Albania in the exports of Mineral Products ($29.2M), Machines ($2.39M), and Plastics and Rubbers ($1.74M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Israel+$603kOther Furniture

Top Product Potential Israel Albania+$347kRaw Plastic Sheeting

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Israel () (2023)

Exports from Israel () to Albania () (2023)

Latest Data

Trade between Albania () and Israel ()

Albania Exports

Israel Exports

Market Competitiveness

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

Comparative Advantage Albania - Israel

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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