Bangladesh (BGD) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Bangladesh-Albania Trade: In 2023, Bangladesh exported $15.6M to Albania. The main products that Bangladesh exported to Albania were Knit T-shirts ($2.97M), Knit Sweaters ($2.16M), and Non-Knit Women's Suits ($1.35M). Over the past 6 years the exports of Bangladesh to Albania have increased at an annualized rate of 34.2%, from $2.67M in 2017 to $15.6M in 2023.

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

Albania-Bangladesh In N/A, Albania did not export any products to Bangladesh.

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

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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, Bangladesh exported $15.6M to Albania. The main products exported from Bangladesh to Albania were Knit T-shirts ($2.97M), Knit Sweaters ($2.16M), and Non-Knit Women's Suits ($1.35M). During the last 6 years the exports of Bangladesh to Albania have increased at an annualized rate of 34.2%, from $2.67M in 2017 to $15.6M in 2023.

Albania does not register exports to Bangladesh.

Exports from Bangladesh () to Albania () (2023)

Exports from Albania () to Bangladesh () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Bangladesh than Albania included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Albania than Bangladesh included Greece ($409M), North Macedonia ($134M), and Montenegro ($82.3M).

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

Comparative Advantage Bangladesh - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Albania in the exports of Textiles ($15.3M), Footwear and Headwear ($230k), and Instruments ($17k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Albania+$3.44kKnit T-shirts

Top Product Potential Albania Bangladesh+$3.7kRefined Petroleum

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Albania () (2023)

Exports from Albania () to Bangladesh () (2023)

Market Competitiveness

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

Comparative Advantage Bangladesh - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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