Albania (ALB) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Albania-Nepal Trade: In 2022, Albania exported $138 to Nepal. The main products that Albania exported to Nepal were Leather Footwear ($114), Knit Active Wear ($13), and Rubber Belting ($11). Over the past 8 years the exports of Albania to Nepal have decreased at an annualized rate of 48.3%, from $27k in 2014 to $138 in 2022.

In 2022, Albania did not export any services to Nepal.

Nepal-Albania Trade: In 2022, Nepal exported $80k to Albania. The main products that Nepal exported to Albania were N/A. Over the past 8 years the exports of Nepal to Albania have increased at an annualized rate of 245%, from $163 in 2014 to $80k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), 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 2022, Albania exported $138 to Nepal. The main products exported from Albania to Nepal were Leather Footwear ($114), Knit Active Wear ($13), and Rubber Belting ($11). During the last 8 years the exports of Albania to Nepal have decreased at an annualized rate of 48.3%, from $27k in 2014 to $138 in 2022.

In 2010, Nepal exported $80k to Albania. There were not main exports from Nepal to Albania in 2010. During the last 5 years the exports of Nepal to Albania have increased at an annualized rate of 245%, from $163 in 2015 to $80k in 2010.

Exports from Albania () to Nepal () (2022)

Exports from Nepal () to Albania () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.75B

Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Albania than Nepal included Italy ($1.75B), Greece ($421M), and Spain ($309M).

In 2022, countries that imported more from Nepal than Albania included India ($956M), Singapore ($25.5M), and Australia ($13.8M).

Difference in imports from Nepal () and Albania () (2022)

Comparative Advantage Albania - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Albania had a large net trade with Nepal in the exports of Footwear and Headwear ($114), Textiles ($13), and Plastics and Rubbers ($11).

During 2010, Nepal had a large net trade with Albania in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Nepal+$2.49kRefined Petroleum

Top Product Potential Nepal Albania+$1.5kFlavored Water

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

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Historical Data

Bilateral Trade by Products

Exports from Albania () to Nepal () (2022)

Exports from Nepal () to Albania () (2022)

Market Competitiveness

Difference in imports from Nepal () and Albania () (2022)

Comparative Advantage Albania - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and Nepal () (2022)

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