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Pricing

2022
Flag → Flag
Exports $69.5MRnk 12 / 129
2022
Flag → Flag
Top Product $28.3MScrap Iron
2022
Flag → Flag
Exports $936MRnk 57 / 219
2022
Flag → Flag
Top Product $154MRaw Iron Bars
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Albania-Turkey Trade: In 2022, Albania exported $69.5M to Turkey. The main products that Albania exported to Turkey were Scrap Iron ($28.3M), Raw Aluminium ($4.75M), and Scrap Aluminium ($4.04M). Over the past 5 years the exports of Albania to Turkey have increased at an annualized rate of 20.9%, from $26.9M in 2017 to $69.5M in 2022.

In 2017, Albania exported services to Turkey worth $49.6M, with Travel ($23.2M), Other business services ($19.9M), and Communications services ($2.26M) being the largest in terms of value.

Turkey-Albania Trade: In 2022, Turkey exported $936M to Albania. The main products that Turkey exported to Albania were Raw Iron Bars ($154M), Refined Petroleum ($72.5M), and Hot-Rolled Iron ($56.6M). Over the past 5 years the exports of Turkey to Albania have increased at an annualized rate of 14.5%,  from $416M in 2017 to $936M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $69.5M to Turkey. The main products exported from Albania to Turkey were Scrap Iron ($28.3M), Raw Aluminium ($4.75M), and Scrap Aluminium ($4.04M). During the last 5 years the exports of Albania to Turkey have increased at an annualized rate of 20.9%, from $26.9M in 2017 to $69.5M in 2022.

In 2017, Turkey exported $936M to Albania. The main products exported from Turkey to Albania were Raw Iron Bars ($154M), Refined Petroleum ($72.5M), and Hot-Rolled Iron ($56.6M). During the last 5 years the exports of Turkey to Albania have increased at an annualized rate of 14.5%, from $416M in 2022 to $936M in 2017.

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

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

Latest Data

Trade between Albania (Flag) and Turkey (Flag)

Albania Exports

Turkey Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.75B
Turkey
Top DestinationGermany$21.9B

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

In 2022, no countries were registered that imported more from Albania than from Turkey.

In 2022, countries that imported more from Turkey than Albania included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Albania - Turkey

Flow
Scale

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

During 2022, Albania had a large net trade with Turkey in the exports of Metals ($44.2M), Machines ($8.33M), and Vegetable Products ($5.69M).

During 2017, Turkey had a large net trade with Albania in the exports of Metals ($324M), Textiles ($108M), and Mineral Products ($108M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Turkey+$4.65MScrap Iron
Top Product Potential Turkey Albania+$4.65MCars

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

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

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