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Pricing

2022
Flag → Flag
Exports $7.9MRnk 35 / 129
2022
Flag → Flag
Top Product $838kCranes
2022
Flag → Flag
Exports $53.9kRnk 127 / 160
2022
Flag → Flag
Top Product $51.8kNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC $6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

Albania-Senegal Trade: In 2022, Albania exported $7.9M to Senegal. The main products that Albania exported to Senegal were Cranes ($838k), Electric Motors ($746k), and Insulated Wire ($694k). Over the past 5 years the exports of Albania to Senegal have increased at an annualized rate of 6.38%, from $5.8M in 2017 to $7.9M in 2022.

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

Senegal-Albania Trade: In 2022, Senegal exported $53.9k to Albania. The main products that Senegal exported to Albania were Non-fillet Frozen Fish ($51.8k), Other Pure Vegetable Oils ($1.47k), and Paper Notebooks ($689). Over the past 5 years the exports of Senegal to Albania have decreased at an annualized rate of 10.3%,  from $92.9k in 2017 to $53.9k in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $7.9M to Senegal. The main products exported from Albania to Senegal were Cranes ($838k), Electric Motors ($746k), and Insulated Wire ($694k). During the last 5 years the exports of Albania to Senegal have increased at an annualized rate of 6.38%, from $5.8M in 2017 to $7.9M in 2022.

In 2017, Senegal exported $53.9k to Albania. The main products exported from Senegal to Albania were Non-fillet Frozen Fish ($51.8k), Other Pure Vegetable Oils ($1.47k), and Paper Notebooks ($689). During the last 5 years the exports of Senegal to Albania have decreased at an annualized rate of 10.3%, from $92.9k in 2022 to $53.9k in 2017.

Exports from Albania (Flag) to Senegal (Flag) (2022)

Exports from Senegal (Flag) to Albania (Flag) (2022)

Latest Data

Trade between Albania (Flag) and Senegal (Flag)

Albania Exports

Senegal Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.75B
Senegal
Top DestinationMali$1.13B

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

In 2022, countries that imported more from Albania than Senegal included Italy ($1.75B), Greece ($421M), and Germany ($212M).

In 2022, countries that imported more from Senegal than Albania included Mali ($1.13B), India ($1B), and Switzerland ($662M).

Difference in imports from Senegal (Flag) and Albania (Flag) (2022)

Comparative Advantage Albania - Senegal

Flow
Scale

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

During 2022, Albania had a large net trade with Senegal in the exports of Machines ($3.56M), Metals ($981k), and Transportation ($862k).

During 2017, Senegal had a large net trade with Albania in the exports of Animal Products ($51.8k), Animal and Vegetable Bi-Products ($1.47k), and Paper Goods ($689).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Senegal+$274kInsulated Wire
Top Product Potential Senegal Albania+$55.4kNon-fillet Frozen Fish

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

Product Space of Albania (Flag) and Senegal (Flag) (2022)

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