Albania (ALB) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Albania-North Macedonia Trade: In 2023, Albania exported $134M to North Macedonia. The main products that Albania exported to North Macedonia were Raw Iron Bars ($43.9M), Coal Briquettes ($22.5M), and Petroleum Gas ($6.87M). Over the past 5 years the exports of Albania to North Macedonia have increased at an annualized rate of 10.6%, from $81.1M in 2018 to $134M in 2023.

In 2023, Albania did not export any services to North Macedonia.

North Macedonia-Albania Trade: In 2023, North Macedonia exported $150M to Albania. The main products that North Macedonia exported to Albania were Electricity ($45.8M), Plaster Articles ($12.5M), and Scrap Iron ($4.26M). Over the past 5 years the exports of North Macedonia to Albania have increased at an annualized rate of 13%, from $81.2M in 2018 to $150M in 2023.

In 2023, North Macedonia 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, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $134M to North Macedonia. The main products exported from Albania to North Macedonia were Raw Iron Bars ($43.9M), Coal Briquettes ($22.5M), and Petroleum Gas ($6.87M). During the last 5 years the exports of Albania to North Macedonia have increased at an annualized rate of 10.6%, from $81.1M in 2018 to $134M in 2023.

In 2018, North Macedonia exported $150M to Albania. The main products exported from North Macedonia to Albania were Electricity ($45.8M), Plaster Articles ($12.5M), and Scrap Iron ($4.26M). During the last 5 years the exports of North Macedonia to Albania have increased at an annualized rate of 13%, from $81.2M in 2023 to $150M in 2018.

Exports from Albania () to North Macedonia () (2023)

Exports from North Macedonia () to Albania () (2023)

Latest Data

Trade between Albania () and North Macedonia ()

Albania Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from Albania than North Macedonia included Italy ($1.72B), United Arab Emirates ($49.2M), and China ($161M).

In 2023, countries that imported more from North Macedonia than Albania included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

Difference in imports from North Macedonia () and Albania () (2023)

Comparative Advantage Albania - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with North Macedonia in the exports of Metals ($55.5M), Mineral Products ($44.9M), and Vegetable Products ($9.96M).

During 2018, North Macedonia had a large net trade with Albania in the exports of Mineral Products ($50.4M), Metals ($19.1M), and Stone And Glass ($15.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania North Macedonia+$3.4MElectricity

Top Product Potential North Macedonia Albania+$2.26MElectricity

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to North Macedonia () (2023)

Exports from North Macedonia () to Albania () (2023)

Latest Data

Trade between Albania () and North Macedonia ()

Albania Exports

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Albania () (2023)

Comparative Advantage Albania - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and North Macedonia () (2023)

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