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2022
Flag → Flag
Exports $39.1MRnk 112 / 215
2022
Flag → Flag
Top Product $29.2MCars
2022
Flag → Flag
Exports $16.4MRnk 28 / 129
2022
Flag → Flag
Top Product $3.18MFerroalloys
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 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 $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Canada-Albania Trade: In 2022, Canada exported $39.1M to Albania. The main products that Canada exported to Albania were Cars ($29.2M), Crustaceans ($4.26M), and Liquid Pumps ($779k). Over the past 5 years the exports of Canada to Albania have increased at an annualized rate of 15.2%, from $19.2M in 2017 to $39.1M in 2022.

In 2022, Canada did not export any services to Albania.

Albania-Canada Trade: In 2022, Albania exported $16.4M to Canada. The main products that Albania exported to Canada were Ferroalloys ($3.18M), Aluminium Bars ($2.35M), and Leather Footwear ($1.82M). Over the past 5 years the exports of Albania to Canada have increased at an annualized rate of 11.5%,  from $9.54M in 2017 to $16.4M in 2022.

In 2017, Albania exported services to Canada worth $12.1M, with Travel ($9.04M), Other business services ($2.49M), and Transportation ($339k) being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$4.55M and imported C$1.12M from Albania, resulting in a positive trade balance of C$3.43M. Between August 2023 and August 2024 the exports of Canada have increased by C$79.9k (1.79%) from C$4.47M to C$4.55M, while imports decreased by C$-1.62M (-59.2%) from C$2.74M to C$1.12M.

Trade In August 2024, the top exports of Canada to Albania were Cars (C$2.85M), Crustaceans (C$341k), Pig Meat (C$265k), Other Edible Preparations (C$82.1k), and Poultry Meat (C$58.9k). In August 2024 the top imports of Canada from Albania were Aluminium Bars (C$560k), Ferroalloys (C$319k), Non-Knit Women's Suits (C$103k), Centrifuges (C$102k), and Knit T-shirts (C$101k).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$3.88M), Quebec (C$291k), Alberta (C$290k), and British Columbia (C$90.7k), while imports destinations were mainly Ontario (C$545k), Quebec (C$522k), British Columbia (C$43.8k), Alberta (C$9.18k), and Saskatchewan (C$378).

Growth In August 2024, the increase in Canada's year-by-year exports to Albania was explained primarily by an increase in product exports in Crustaceans (C$216k or 173%), Pig Meat (C$66.6k or 33.5%), and Other Edible Preparations (C$58.3k or 245%). In August 2024, the decrease in Canada's year-by-year imports  from Albania was explained primarily by an decrease in product imports  in Leather Footwear (C$-154k or -66%), Rubber Footwear (C$-53.2k or -64.1%), and Knit Active Wear (C$-13.8k or -97.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$79.9k(1.79%)
IMPORT GROWTH (August 2023 - August 2024)C$-1.62M(-59.2%)
MAIN EXPORTER (August 2024)OntarioC$3.88M

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

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

For full datasets download visit Bulk Download page.

Explore Albania and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $39.1M to Albania. The main products exported from Canada to Albania were Cars ($29.2M), Crustaceans ($4.26M), and Liquid Pumps ($779k). During the last 5 years the exports of Canada to Albania have increased at an annualized rate of 15.2%, from $19.2M in 2017 to $39.1M in 2022.

In 2017, Albania exported $16.4M to Canada. The main products exported from Albania to Canada were Ferroalloys ($3.18M), Aluminium Bars ($2.35M), and Leather Footwear ($1.82M). During the last 5 years the exports of Albania to Canada have increased at an annualized rate of 11.5%, from $9.54M in 2022 to $16.4M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Canada than Albania included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

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

Comparative Advantage Canada - Albania

Flow
Scale

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

During 2022, Canada had a large net trade with Albania in the exports of Transportation ($29.4M), Animal Products ($5.16M), and Machines ($1.81M).

During 2017, Albania had a large net trade with Canada in the exports of Metals ($5.89M), Textiles ($4.77M), and Footwear and Headwear ($2.59M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Albania+$3.8MCars
Top Product Potential Albania Canada+$2.37MFerroalloys

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

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

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