2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186

About

Denmark-Albania Trade: In 2022, Denmark exported $31.2M to Albania. The main products that Denmark exported to Albania were Crustaceans ($23M), Other Non-Metal Removal Machinery ($930k), and Orthopedic Appliances ($747k). Over the past 5 years the exports of Denmark to Albania have increased at an annualized rate of 6.52%, from $22.7M in 2017 to $31.2M in 2022.

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

Albania-Denmark Trade: In 2022, Albania exported $2.21M to Denmark. The main products that Albania exported to Denmark were Petroleum Gas ($353k), Lettuce ($273k), and Other Furniture ($260k). Over the past 5 years the exports of Albania to Denmark have increased at an annualized rate of 5.56%,  from $1.69M in 2017 to $2.21M in 2022.

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 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $31.2M to Albania. The main products exported from Denmark to Albania were Crustaceans ($23M), Other Non-Metal Removal Machinery ($930k), and Orthopedic Appliances ($747k). During the last 5 years the exports of Denmark to Albania have increased at an annualized rate of 6.52%, from $22.7M in 2017 to $31.2M in 2022.

In 2017, Albania exported $2.21M to Denmark. The main products exported from Albania to Denmark were Petroleum Gas ($353k), Lettuce ($273k), and Other Furniture ($260k). During the last 5 years the exports of Albania to Denmark have increased at an annualized rate of 5.56%, from $1.69M in 2022 to $2.21M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Albania (Flag)

Denmark Exports

Albania Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Albania
Top Destination
Italy$1.75B

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 2022, countries that imported more from Denmark than Albania included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

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

Comparative Advantage Denmark - Albania

Flow
Scale

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

During 2022, Denmark had a large net trade with Albania in the exports of Animal Products ($23.7M), Machines ($2.97M), and Foodstuffs ($1.43M).

During 2017, Albania had a large net trade with Denmark in the exports of Miscellaneous ($449k), Footwear and Headwear ($402k), and Vegetable Products ($357k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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