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Pricing

2022
Flag → Flag
Exports $35.7MRnk 136 / 222
2022
Flag → Flag
Top Product $7.68MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $7.08MRnk 36 / 129
2022
Flag → Flag
Top Product $2.24MLifting Machinery
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Belgium-Albania Trade: In 2022, Belgium exported $35.7M to Albania. The main products that Belgium exported to Albania were Vaccines, blood, antisera, toxins and cultures ($7.68M), Lead Sheets ($2.61M), and Scrap Aluminium ($1.78M). Over the past 5 years the exports of Belgium to Albania have increased at an annualized rate of 8.53%, from $23.7M in 2017 to $35.7M in 2022.

In 2003, Belgium exported services to Albania worth $1.26M, with Travel ($1.26M) being the largest in terms of value.

Albania-Belgium Trade: In 2022, Albania exported $7.08M to Belgium. The main products that Albania exported to Belgium were Lifting Machinery ($2.24M), Seats ($2.21M), and Aluminium Structures ($394k). Over the past 5 years the exports of Albania to Belgium have increased at an annualized rate of 33.3%,  from $1.68M in 2017 to $7.08M in 2022.

In 2017, Albania exported services to Belgium worth $25M, with Travel ($12.9M), Other business services ($5.87M), and Transportation ($3.16M) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €5.92M and imported €249k from Albania, resulting in a positive trade balance of €5.67M. Between July 2023 and July 2024 the exports of Belgium have increased by €3.15M (114%) from €2.77M to €5.92M, while imports increased by €80.6k (48%) from €168k to €249k.

Trade In July 2024, the top exports of Belgium to Albania were Cars, tractors, trucks & parts thereof. (€453k), Optical, photo, & film equipment; medical... (€448k), Machinery, mechanical appliances, & parts (€185k), Mineral fuels, mineral oils and products... (€158k), and Pharmaceutical products (€122k). In July 2024 the top imports of Belgium from Albania were Furniture, bedding, lamps, & prefab buildings (€118k), Stone, plaster, cement, asbestos, mica. (€29k), Edible vegetables, roots, & tubers (€21.7k), Edible fruits, nuts & fruit peels (€15.9k), and Aluminum articles (€12.9k).

Growth In July 2024, the increase in Belgium's year-by-year exports to Albania was explained primarily by an increase in product exports in Optical, photo, & film equipment; medical... (€415k or 1.25k%), Cars, tractors, trucks & parts thereof. (€237k or 109%), and Iron or steel articles (€119k or 9.48k%). In July 2024, the increase in Belgium's year-by-year imports  from Albania was explained primarily by an increase in product imports  in Electrical machinery and electronics (€8.17k or 1.51k%), Stone, plaster, cement, asbestos, mica. (€7.95k or 37.7%), and Paints, dyes, & varnishes (€4.69k or 118%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€3.15M(114%)
IMPORT GROWTH (July 2023 - July 2024)€80.6k(48%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Albania and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $35.7M to Albania. The main products exported from Belgium to Albania were Vaccines, blood, antisera, toxins and cultures ($7.68M), Lead Sheets ($2.61M), and Scrap Aluminium ($1.78M). During the last 5 years the exports of Belgium to Albania have increased at an annualized rate of 8.53%, from $23.7M in 2017 to $35.7M in 2022.

In 2017, Albania exported $7.08M to Belgium. The main products exported from Albania to Belgium were Lifting Machinery ($2.24M), Seats ($2.21M), and Aluminium Structures ($394k). During the last 5 years the exports of Albania to Belgium have increased at an annualized rate of 33.3%, from $1.68M in 2022 to $7.08M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Belgium than Albania included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Albania than Belgium included Montenegro ($80.8M).

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

Comparative Advantage Belgium - Albania

Flow
Scale

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

During 2022, Belgium had a large net trade with Albania in the exports of Chemical Products ($10.4M), Metals ($5.6M), and Machines ($4.39M).

During 2017, Albania had a large net trade with Belgium in the exports of Machines ($2.69M), Miscellaneous ($2.39M), and Metals ($859k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Albania+$4.36MVaccines, blood, antisera, toxins and cultures
Top Product Potential Albania Belgium+$1.06MSeats

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

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

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