Colombia (COL) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Colombia-Albania Trade: In 2023, Colombia exported $18M to Albania. The main products that Colombia exported to Albania were Coke ($12M), Coal Briquettes ($4.78M), and Coffee ($544k). Over the past 5 years the exports of Colombia to Albania have increased at an annualized rate of 12%, from $10.2M in 2018 to $18M in 2023.

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

Albania-Colombia Trade: In 2023, Albania exported $202k to Colombia. The main products that Albania exported to Colombia were Non-Knit Women's Suits ($29.5k), Other Iron Products ($18.1k), and Perfume Plants ($15.5k). Over the past 5 years the exports of Albania to Colombia have decreased at an annualized rate of 15.8%, from $478k in 2018 to $202k in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $18M to Albania. The main products exported from Colombia to Albania were Coke ($12M), Coal Briquettes ($4.78M), and Coffee ($544k). During the last 5 years the exports of Colombia to Albania have increased at an annualized rate of 12%, from $10.2M in 2018 to $18M in 2023.

In 2018, Albania exported $202k to Colombia. The main products exported from Albania to Colombia were Non-Knit Women's Suits ($29.5k), Other Iron Products ($18.1k), and Perfume Plants ($15.5k). During the last 5 years the exports of Albania to Colombia have decreased at an annualized rate of 15.8%, from $478k in 2023 to $202k in 2018.

Exports from Colombia () to Albania () (2023)

Exports from Albania () to Colombia () (2023)

Latest Data

Trade between Colombia () and Albania ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Colombia than Albania included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Albania than Colombia included Italy ($1.72B), Greece ($409M), and Serbia ($188M).

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

Comparative Advantage Colombia - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Albania in the exports of Mineral Products ($16.8M), Vegetable Products ($1.03M), and Foodstuffs ($99.1k).

During 2018, Albania had a large net trade with Colombia in the exports of Textiles ($87.3k), Metals ($32.1k), and Footwear and Headwear ($30.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Albania+$35.7kCars

Top Product Potential Albania Colombia+$134kNon-Knit Women's Suits

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Albania () (2023)

Exports from Albania () to Colombia () (2023)

Latest Data

Trade between Colombia () and Albania ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Colombia - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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