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2021
Flag → Flag
Exports $19.6MRnk 6 / 0
2021
Flag → Flag
Exports $59.2MRnk 94 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
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 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC $6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186
2022
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GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Albania-Saudi Arabia Trade: In 2021, Albania exported $19.6M to Saudi Arabia. The main products that Albania exported to Saudi Arabia were N/A. Over the past 5 years the exports of Albania to Saudi Arabia have increased at an annualized rate of 91.4%, from $761k in 2016 to $19.6M in 2021.

In 2021, Albania did not export any services to Saudi Arabia.

Saudi Arabia-Albania Trade: In 2021, Saudi Arabia exported $59.2M to Albania. The main products that Saudi Arabia exported to Albania were N/A. Over the past 5 years the exports of Saudi Arabia to Albania have increased at an annualized rate of 65%,  from $4.85M in 2016 to $59.2M in 2021.

In 2021, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Albania exported $19.6M to Saudi Arabia. There were not main exports from Albania to Saudi Arabia in 2021. During the last 5 years the exports of Albania to Saudi Arabia have increased at an annualized rate of 91.4%, from $761k in 2016 to $19.6M in 2021.

In 2016, Saudi Arabia exported $59.2M to Albania. There were not main exports from Saudi Arabia to Albania in 2016. During the last 5 years the exports of Saudi Arabia to Albania have increased at an annualized rate of 65%, from $4.85M in 2021 to $59.2M in 2016.

Exports from Albania (Flag) to Saudi Arabia (Flag) (2021)

Exports from Saudi Arabia (Flag) to Albania (Flag) (2021)

Latest Data

Trade between Albania (Flag) and Saudi Arabia (Flag)

Albania Exports

Saudi Arabia Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.75B
Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Albania than Saudi Arabia included Montenegro ($80.8M), North Macedonia ($101M), and Serbia ($89.3M).

In 2022, countries that imported more from Saudi Arabia than Albania included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Albania (Flag) (2022)

Comparative Advantage Albania - Saudi Arabia

Flow
Scale

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

During 2021, Albania had a large net trade with Saudi Arabia in the exports of .

During 2016, Saudi Arabia had a large net trade with Albania in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Saudi Arabia+$3.62kCrude Petroleum
Top Product Potential Saudi Arabia Albania+$5.71kRefined Petroleum

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

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

Product Space of Albania (Flag) and Saudi Arabia (Flag) (2021)

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