Azerbaijan (AZE) and Albania (ALB) Trade | The Observatory of Economic Complexity

About

Azerbaijan-Albania Trade: In 2023, Azerbaijan exported $23M to Albania. The main products that Azerbaijan exported to Albania were Petroleum Gas ($22.1M), Nitrogenous Fertilizers ($804k), and Insulated Wire ($105k). Over the past 10 years the exports of Azerbaijan to Albania have increased at an annualized rate of 175%, from $933 in 2013 to $23M in 2023.

In 2023, Azerbaijan did not export any services to Albania.

Albania-Azerbaijan Trade: In 2023, Albania exported $577k to Azerbaijan. The main products that Albania exported to Azerbaijan were Baked Goods ($91.6k), Non-Knit Women's Suits ($88.5k), and Packaged Medicaments ($78.3k). Over the past 10 years the exports of Albania to Azerbaijan have increased at an annualized rate of 0.93%, from $541k in 2013 to $577k in 2023.

In 2023, Albania did not export any services to Azerbaijan.

Comparison: In 2023, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $23M to Albania. The main products exported from Azerbaijan to Albania were Petroleum Gas ($22.1M), Nitrogenous Fertilizers ($804k), and Insulated Wire ($105k). During the last 10 years the exports of Azerbaijan to Albania have increased at an annualized rate of 175%, from $933 in 2013 to $23M in 2023.

In 2018, Albania exported $577k to Azerbaijan. The main products exported from Albania to Azerbaijan were Baked Goods ($91.6k), Non-Knit Women's Suits ($88.5k), and Packaged Medicaments ($78.3k). During the last 5 years the exports of Albania to Azerbaijan have increased at an annualized rate of 0.93%, from $541k in 2023 to $577k in 2018.

Exports from Azerbaijan () to Albania () (2023)

Exports from Albania () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Albania ()

Azerbaijan Exports

Date

Albania Exports

Date

Mar 2013

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Azerbaijan than Albania included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

In 2023, countries that imported more from Albania than Azerbaijan included North Macedonia ($134M), Serbia ($188M), and Montenegro ($82.3M).

Difference in imports from Albania () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Albania in the exports of Mineral Products ($22.1M), Chemical Products ($804k), and Machines ($105k).

During 2018, Albania had a large net trade with Azerbaijan in the exports of Textiles ($276k), Foodstuffs ($106k), and Chemical Products ($78.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Albania+$170kNitrogenous Fertilizers

Top Product Potential Albania Azerbaijan+$172kLeather Footwear

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Albania () (2023)

Exports from Albania () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Albania ()

Azerbaijan Exports

Albania Exports

Market Competitiveness

Difference in imports from Albania () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Albania

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Albania () (2023)

Keep Exploring