Cyprus / Albania

Cyprus-Albania Trade: In 2023, Cyprus exported $4.55M to Albania. The main products that Cyprus exported to Albania were Packaged Medicaments ($2.5M), Scrap Aluminium ($647k), and Small Iron Containers ($314k). Over the past 5 years the exports of Cyprus to Albania have increased at an annualized rate of 18.5%, from $1.95M in 2018 to $4.55M in 2023.

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

Albania-Cyprus Trade: In 2023, Albania exported $1.6M to Cyprus. The main products that Albania exported to Cyprus were Beer ($281k), Other Furniture ($279k), and Industrial Fatty Acids, Oils and Alcohols ($239k). Over the past 5 years the exports of Albania to Cyprus have increased at an annualized rate of 58.6%,  from $160k in 2018 to $1.6M in 2023.

In 2017, Albania exported services to Cyprus worth $13M, with Other business services ($6.78M), Travel ($5.08M), and Personal, cultural, and recreational services ($452k) being the largest in terms of value.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).