2023
Flag  
GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC 
$8,575CURRENT US$
Rnk 93 / 195
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Albania-Singapore Trade: In 2023, Albania exported $13.3M to Singapore. The main products that Albania exported to Singapore were Seats ($11.8M), Leather Footwear ($330k), and Non-Knit Women's Suits ($160k). Over the past 5 years the exports of Albania to Singapore have increased at an annualized rate of 67.1%, from $1.03M in 2018 to $13.3M in 2023.

In 2017, Albania exported services to Singapore worth $565k, with Travel ($226k), Communications services ($226k), and Other business services ($113k) being the largest in terms of value.

Singapore-Albania Trade: In 2023, Singapore exported $4.97M to Albania. The main products that Singapore exported to Albania were Styrene Polymers ($2.53M), Margarine ($572k), and Other Vinyl Polymers ($514k). Over the past 5 years the exports of Singapore to Albania have increased at an annualized rate of 31.2%,  from $1.28M in 2018 to $4.97M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $13.3M to Singapore. The main products exported from Albania to Singapore were Seats ($11.8M), Leather Footwear ($330k), and Non-Knit Women's Suits ($160k). During the last 5 years the exports of Albania to Singapore have increased at an annualized rate of 67.1%, from $1.03M in 2018 to $13.3M in 2023.

In 2018, Singapore exported $4.97M to Albania. The main products exported from Singapore to Albania were Styrene Polymers ($2.53M), Margarine ($572k), and Other Vinyl Polymers ($514k). During the last 5 years the exports of Singapore to Albania have increased at an annualized rate of 31.2%, from $1.28M in 2023 to $4.97M in 2018.

Exports from Albania (Flag) to Singapore (Flag) (2023)

Exports from Singapore (Flag) to Albania (Flag) (2023)

Latest Data

Trade between Albania (Flag) and Singapore (Flag)

Albania Exports

Singapore Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.72B
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from Albania than Singapore included Italy ($1.72B), Greece ($409M), and Serbia ($188M).

In 2023, countries that imported more from Singapore than Albania included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

Difference in imports from Singapore (Flag) and Albania (Flag) (2023)

Comparative Advantage Albania - Singapore

Flow
Scale

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

During 2023, Albania had a large net trade with Singapore in the exports of Miscellaneous ($11.8M), Textiles ($855k), and Footwear and Headwear ($408k).

During 2018, Singapore had a large net trade with Albania in the exports of Plastics and Rubbers ($3.05M), Animal and Vegetable Bi-Products ($708k), and Machines ($560k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Singapore+$392kLeather Footwear
Top Product Potential Singapore Albania+$203kRefined 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 Singapore. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Albania.

Product Space of Albania (Flag) and Singapore (Flag) (2023)

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