2023
Flag  
GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
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GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
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 GDP
$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH
34.1%CURRENT US$
Rnk 104 / 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
$24,491CURRENT US$
Rnk 51 / 196
2013-2023
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GDP PC GROWTH
33.7%CURRENT US$
Rnk 71 / 195

About

Albania-Slovakia Trade: In 2023, Albania exported $71.5M to Slovakia. The main products that Albania exported to Slovakia were Insulated Wire ($59.3M), Leather Footwear ($1.82M), and Other Vegetables ($1.15M). Over the past 5 years the exports of Albania to Slovakia have increased at an annualized rate of 61.5%, from $6.5M in 2018 to $71.5M in 2023.

In 2017, Albania exported services to Slovakia worth $3.5M, with Travel ($2.37M), Other business services ($791k), and Transportation ($113k) being the largest in terms of value.

Slovakia-Albania Trade: In 2023, Slovakia exported $28.4M to Albania. The main products that Slovakia exported to Albania were Video Displays ($4.39M), Insulated Wire ($2.44M), and Artificial Graphite ($2.39M). Over the past 5 years the exports of Slovakia to Albania have increased at an annualized rate of 2.85%,  from $24.7M in 2018 to $28.4M in 2023.

In 2012, Slovakia exported services to Albania worth $2.73M, with Services not allocated ($1.37M), Computer and information services ($648k), and Other business services ($647k) being the largest in terms of value.

Comparison: In 2023,  Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $71.5M to Slovakia. The main products exported from Albania to Slovakia were Insulated Wire ($59.3M), Leather Footwear ($1.82M), and Other Vegetables ($1.15M). During the last 5 years the exports of Albania to Slovakia have increased at an annualized rate of 61.5%, from $6.5M in 2018 to $71.5M in 2023.

In 2018, Slovakia exported $28.4M to Albania. The main products exported from Slovakia to Albania were Video Displays ($4.39M), Insulated Wire ($2.44M), and Artificial Graphite ($2.39M). During the last 5 years the exports of Slovakia to Albania have increased at an annualized rate of 2.85%, from $24.7M in 2023 to $28.4M in 2018.

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

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

Latest Data

Trade between Albania (Flag) and Slovakia (Flag)

Albania Exports

Slovakia Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.72B
Slovakia
Top Destination
Germany$21.5B

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

In 2023, countries that imported more from Albania than Slovakia included Greece ($409M), Montenegro ($82.3M), and North Macedonia ($134M).

In 2023, countries that imported more from Slovakia than Albania included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

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

Comparative Advantage Albania - Slovakia

Flow
Scale

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

During 2023, Albania had a large net trade with Slovakia in the exports of Machines ($59.7M), Vegetable Products ($4.67M), and Footwear and Headwear ($3.78M).

During 2018, Slovakia had a large net trade with Albania in the exports of Machines ($11.6M), Chemical Products ($4.9M), and Metals ($2.61M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Slovakia+$1.33MLeather Footwear
Top Product Potential Slovakia Albania+$1.93MCars

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

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

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