2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$62.1BCURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP GROWTH
33.4%CURRENT US$
Rnk 92 / 186
2022
Flag
GDP PC 
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC
$29,457CURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 63 / 186

About

Albania-Slovenia Trade: In 2022, Albania exported $15.7M to Slovenia. The main products that Albania exported to Slovenia were Ferroalloys ($8.9M), Leather Footwear ($1.08M), and Tomatoes ($550k). Over the past 5 years the exports of Albania to Slovenia have increased at an annualized rate of 14.9%, from $7.84M in 2017 to $15.7M in 2022.

In 2017, Albania exported services to Slovenia worth $8.81M, with Travel ($5.99M), Other business services ($1.58M), and Communications services ($678k) being the largest in terms of value.

Slovenia-Albania Trade: In 2022, Slovenia exported $83.6M to Albania. The main products that Slovenia exported to Albania were Packaged Medicaments ($21.1M), Semiconductor Devices ($5.09M), and Cars ($3.01M). Over the past 5 years the exports of Slovenia to Albania have increased at an annualized rate of 10%,  from $51.9M in 2017 to $83.6M in 2022.

In 2000, Slovenia exported services to Albania worth $1.1M, with Transportation ($856k), Travel ($112k), and Other business services ($82.8k) being the largest in terms of value.

Comparison: In 2022,  Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45), and 56 in total exports ($56B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $15.7M to Slovenia. The main products exported from Albania to Slovenia were Ferroalloys ($8.9M), Leather Footwear ($1.08M), and Tomatoes ($550k). During the last 5 years the exports of Albania to Slovenia have increased at an annualized rate of 14.9%, from $7.84M in 2017 to $15.7M in 2022.

In 2017, Slovenia exported $83.6M to Albania. The main products exported from Slovenia to Albania were Packaged Medicaments ($21.1M), Semiconductor Devices ($5.09M), and Cars ($3.01M). During the last 5 years the exports of Slovenia to Albania have increased at an annualized rate of 10%, from $51.9M in 2022 to $83.6M in 2017.

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

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

Latest Data

Trade between Albania (Flag) and Slovenia (Flag)

Albania Exports

Slovenia Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Slovenia
Top Destination
Switzerland$9.92B

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

In 2022, countries that imported more from Albania than Slovenia included Greece ($421M), Malta ($27.4M), and Senegal ($7.9M).

In 2022, countries that imported more from Slovenia than Albania included Switzerland ($9.92B), Germany ($7.92B), and Croatia ($4.68B).

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

Comparative Advantage Albania - Slovenia

Flow
Scale

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

During 2022, Albania had a large net trade with Slovenia in the exports of Metals ($9.36M), Vegetable Products ($1.66M), and Footwear and Headwear ($1.59M).

During 2017, Slovenia had a large net trade with Albania in the exports of Chemical Products ($27M), Machines ($20.4M), and Transportation ($7.43M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Slovenia+$808kLeather Footwear
Top Product Potential Slovenia Albania+$2.9MPackaged 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

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

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

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