Denmark (DNK) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Denmark-Albania Trade: In 2023, Denmark exported $13.9M to Albania. The main products that Denmark exported to Albania were Crustaceans ($4.27M), Cheese ($1.35M), and Malt Extract ($1.16M). Over the past 5 years the exports of Denmark to Albania have decreased at an annualized rate of 6.52%, from $19.5M in 2018 to $13.9M in 2023.

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

Albania-Denmark Trade: In 2023, Albania exported $1.99M to Denmark. The main products that Albania exported to Denmark were Lettuce ($424k), Leather Footwear ($279k), and Rubber Footwear ($249k). Over the past 5 years the exports of Albania to Denmark have increased at an annualized rate of 2.36%, from $1.78M in 2018 to $1.99M in 2023.

In 2017, Albania exported services to Denmark worth $3.61M, with Travel ($2.15M), Other business services ($565k), and Royalties and license fees ($452k) being the largest in terms of value.

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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, Denmark exported $13.9M to Albania. The main products exported from Denmark to Albania were Crustaceans ($4.27M), Cheese ($1.35M), and Malt Extract ($1.16M). During the last 5 years the exports of Denmark to Albania have decreased at an annualized rate of 6.52%, from $19.5M in 2018 to $13.9M in 2023.

In 2018, Albania exported $1.99M to Denmark. The main products exported from Albania to Denmark were Lettuce ($424k), Leather Footwear ($279k), and Rubber Footwear ($249k). During the last 5 years the exports of Albania to Denmark have increased at an annualized rate of 2.36%, from $1.78M in 2023 to $1.99M in 2018.

Exports from Denmark () to Albania () (2023)

Exports from Albania () to Denmark () (2023)

Latest Data

Trade between Denmark () and Albania ()

Denmark Exports

Date

Albania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Denmark than Albania included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

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

Comparative Advantage Denmark - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Albania in the exports of Animal Products ($5.78M), Foodstuffs ($2.14M), and Machines ($1.38M).

During 2018, Albania had a large net trade with Denmark in the exports of Vegetable Products ($551k), Footwear and Headwear ($533k), and Mineral Products ($227k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Albania+$530kOther Edible Preparations

Top Product Potential Albania Denmark+$558kLeather Footwear

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

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Albania () (2023)

Exports from Albania () to Denmark () (2023)

Latest Data

Trade between Denmark () and Albania ()

Denmark Exports

Albania Exports

Market Competitiveness

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

Comparative Advantage Denmark - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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