Albania (ALB) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Albania-Portugal Trade: In 2023, Albania exported $2M to Portugal. The main products that Albania exported to Portugal were Other Electrical Machinery ($606k), Footwear Parts ($370k), and Iron Stovetops ($349k). Over the past 5 years the exports of Albania to Portugal have increased at an annualized rate of 35.6%, from $436k in 2018 to $2M in 2023.

In 2017, Albania exported services to Portugal worth $1.02M, with Travel ($791k) and Transportation ($226k) being the largest in terms of value.

Portugal-Albania Trade: In 2023, Portugal exported $14.8M to Albania. The main products that Portugal exported to Albania were Packaged Medicaments ($5.75M), Footwear Parts ($1.9M), and Rubber Tires ($1.26M). Over the past 5 years the exports of Portugal to Albania have increased at an annualized rate of 2.95%, from $11.1M in 2018 to $14.8M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $2M to Portugal. The main products exported from Albania to Portugal were Other Electrical Machinery ($606k), Footwear Parts ($370k), and Iron Stovetops ($349k). During the last 5 years the exports of Albania to Portugal have increased at an annualized rate of 35.6%, from $436k in 2018 to $2M in 2023.

In 2018, Portugal exported $14.8M to Albania. The main products exported from Portugal to Albania were Packaged Medicaments ($5.75M), Footwear Parts ($1.9M), and Rubber Tires ($1.26M). During the last 5 years the exports of Portugal to Albania have increased at an annualized rate of 2.95%, from $11.1M in 2023 to $14.8M in 2018.

Exports from Albania () to Portugal () (2023)

Exports from Portugal () to Albania () (2023)

Latest Data

Trade between Albania () and Portugal ()

Albania Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Albania than Portugal included Greece ($409M), Serbia ($188M), and North Macedonia ($134M).

In 2023, countries that imported more from Portugal than Albania included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Albania - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Portugal in the exports of N/A.

During 2018, Portugal had a large net trade with Albania in the exports of Chemical Products ($5.8M), Footwear and Headwear ($2.16M), and Machines ($1.71M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Portugal+$980kFootwear Parts

Top Product Potential Portugal Albania+$1.16MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Portugal () (2023)

Exports from Portugal () to Albania () (2023)

Latest Data

Trade between Albania () and Portugal ()

Albania Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Albania - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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