2023
Flag  
GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 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
$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195

About

Albania-Sweden Trade: In 2023, Albania exported $29.3M to Sweden. The main products that Albania exported to Sweden were Processed Crustaceans ($21.4M), Ferroalloys ($5.98M), and Petroleum Gas ($633k). Over the past 5 years the exports of Albania to Sweden have increased at an annualized rate of 6.9%, from $21M in 2018 to $29.3M in 2023.

In 2017, Albania exported services to Sweden worth $9.6M, with Travel ($7.91M), Transportation ($1.13M), and Other business services ($452k) being the largest in terms of value.

Sweden-Albania Trade: In 2023, Sweden exported $34.1M to Albania. The main products that Sweden exported to Albania were Crustaceans ($7.2M), Cars ($6.7M), and Blank Audio Media ($3.7M). Over the past 5 years the exports of Sweden to Albania have increased at an annualized rate of 26.1%,  from $10.7M in 2018 to $34.1M in 2023.

In 2001, Sweden exported services to Albania worth $1.14M, with Other business services ($1.05M) and Insurance services ($95.2k) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $29.3M to Sweden. The main products exported from Albania to Sweden were Processed Crustaceans ($21.4M), Ferroalloys ($5.98M), and Petroleum Gas ($633k). During the last 5 years the exports of Albania to Sweden have increased at an annualized rate of 6.9%, from $21M in 2018 to $29.3M in 2023.

In 2018, Sweden exported $34.1M to Albania. The main products exported from Sweden to Albania were Crustaceans ($7.2M), Cars ($6.7M), and Blank Audio Media ($3.7M). During the last 5 years the exports of Sweden to Albania have increased at an annualized rate of 26.1%, from $10.7M in 2023 to $34.1M in 2018.

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

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

Latest Data

Trade between Albania (Flag) and Sweden (Flag)

Albania Exports

Sweden Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.72B
Sweden
Top Destination
Germany$18.4B

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

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

In 2023, countries that imported more from Sweden than Albania included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Albania - Sweden

Flow
Scale

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

During 2023, Albania had a large net trade with Sweden in the exports of Foodstuffs ($21.5M), Metals ($6M), and Mineral Products ($634k).

During 2018, Sweden had a large net trade with Albania in the exports of Transportation ($12M), Animal Products ($7.43M), and Machines ($6.48M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Sweden+$3.13MFerroalloys
Top Product Potential Sweden Albania+$1.6MCars

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

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

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