Costa Rica (CRI) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Costa Rica-Albania Trade: In 2023, Costa Rica exported $2.38M to Albania. The main products that Costa Rica exported to Albania were Bananas ($1.43M), Tropical Fruits ($402k), and Orthopedic Appliances ($206k). Over the past 5 years the exports of Costa Rica to Albania have increased at an annualized rate of 40.5%, from $435k in 2018 to $2.38M in 2023.

In 2023, Costa Rica did not export any services to Albania.

Albania-Costa Rica Trade: In 2023, Albania exported $36k to Costa Rica. The main products that Albania exported to Costa Rica were Iron Pipe Fittings ($11.7k), Other Knit Garments ($4.74k), and Centrifuges ($4.48k). Over the past 5 years the exports of Albania to Costa Rica have decreased at an annualized rate of 19.9%, from $109k in 2018 to $36k in 2023.

In 2023, Albania did not export any services to Costa Rica.

Comparison: In 2023, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). 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, Costa Rica exported $2.38M to Albania. The main products exported from Costa Rica to Albania were Bananas ($1.43M), Tropical Fruits ($402k), and Orthopedic Appliances ($206k). During the last 5 years the exports of Costa Rica to Albania have increased at an annualized rate of 40.5%, from $435k in 2018 to $2.38M in 2023.

In 2018, Albania exported $36k to Costa Rica. The main products exported from Albania to Costa Rica were Iron Pipe Fittings ($11.7k), Other Knit Garments ($4.74k), and Centrifuges ($4.48k). During the last 5 years the exports of Albania to Costa Rica have decreased at an annualized rate of 19.9%, from $109k in 2023 to $36k in 2018.

Exports from Costa Rica () to Albania () (2023)

Exports from Albania () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Albania ()

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Costa Rica than Albania included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

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

Difference in imports from Albania () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Albania in the exports of Vegetable Products ($1.84M), Instruments ($385k), and Chemical Products ($83.8k).

During 2018, Albania had a large net trade with Costa Rica in the exports of Metals ($11.7k), Machines ($10.7k), and Textiles ($8.72k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Albania+$22.7kRefined Petroleum

Top Product Potential Albania Costa Rica+$17.8kCentrifuges

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

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Albania () (2023)

Exports from Albania () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Albania ()

Costa Rica Exports

Market Competitiveness

Difference in imports from Albania () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Albania () (2023)

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