2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH
-6.57%CURRENT US$
Rnk 171 / 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
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH
-17.1%CURRENT US$
Rnk 167 / 186

About

Albania-South Africa Trade: In 2022, Albania exported $1.98M to South Africa. The main products that Albania exported to South Africa were Leather Footwear ($668k), Felt or Coated Fabric Garments ($238k), and Non-Knit Men's Suits ($231k). Over the past 5 years the exports of Albania to South Africa have increased at an annualized rate of 22.6%, from $716k in 2017 to $1.98M in 2022.

In 2017, Albania exported services to South Africa worth $339k, with Travel ($226k) and Transportation ($113k) being the largest in terms of value.

South Africa-Albania Trade: In 2022, South Africa exported $1.1M to Albania. The main products that South Africa exported to Albania were Ink ($372k), Citrus ($287k), and Electric Locomotives ($98.5k). Over the past 5 years the exports of South Africa to Albania have decreased at an annualized rate of 4.58%,  from $1.39M in 2017 to $1.1M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $1.98M to South Africa. The main products exported from Albania to South Africa were Leather Footwear ($668k), Felt or Coated Fabric Garments ($238k), and Non-Knit Men's Suits ($231k). During the last 5 years the exports of Albania to South Africa have increased at an annualized rate of 22.6%, from $716k in 2017 to $1.98M in 2022.

In 2017, South Africa exported $1.1M to Albania. The main products exported from South Africa to Albania were Ink ($372k), Citrus ($287k), and Electric Locomotives ($98.5k). During the last 5 years the exports of South Africa to Albania have decreased at an annualized rate of 4.58%, from $1.39M in 2022 to $1.1M in 2017.

Exports from Albania (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Albania (Flag) (2022)

Latest Data

Trade between Albania (Flag) and South Africa (Flag)

Albania Exports

South Africa Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
South Africa
Top Destination
China$23.4B

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

In 2022, countries that imported more from Albania than South Africa included Greece ($421M), North Macedonia ($101M), and Montenegro ($80.8M).

In 2022, countries that imported more from South Africa than Albania included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

Difference in imports from South Africa (Flag) and Albania (Flag) (2022)

Comparative Advantage Albania - South Africa

Flow
Scale

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

During 2022, Albania had a large net trade with South Africa in the exports of Textiles ($770k), Footwear and Headwear ($708k), and Vegetable Products ($279k).

During 2017, South Africa had a large net trade with Albania in the exports of Chemical Products ($400k), Vegetable Products ($388k), and Transportation ($101k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania South Africa+$871kLeather Footwear
Top Product Potential South Africa Albania+$229kCitrus

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

Product Space of Albania (Flag) and South Africa (Flag) (2022)

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