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2023
Flag → Flag
Exports $118MRnk 108 / 220
2023
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Top Product $23.2MUnglazed Ceramics
2023
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Exports $207MRnk 4 / 126
2023
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Top Product $178MCrude Petroleum
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
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GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
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GDP GROWTH84.3%CURRENT US$
Rnk 29 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$8,575CURRENT US$
Rnk 93 / 196
2013-2023
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GDP PC GROWTH94.3%CURRENT US$
Rnk 10 / 195

About

Spain-Albania Trade: In 2023, Spain exported $118M to Albania. The main products that Spain exported to Albania were Unglazed Ceramics ($23.2M), Refined Petroleum ($11.4M), and Packaged Medicaments ($6.23M). Over the past 5 years the exports of Spain to Albania have increased at an annualized rate of 3.99%, from $96.8M in 2018 to $118M in 2023.

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

Albania-Spain Trade: In 2023, Albania exported $207M to Spain. The main products that Albania exported to Spain were Crude Petroleum ($178M), Dried/Salted/Smoked/Brined Fish ($6.7M), and Processed Fish ($2.81M). Over the past 5 years the exports of Albania to Spain have decreased at an annualized rate of 1.81%,  from $227M in 2018 to $207M in 2023.

In 2017, Albania exported services to Spain worth $9.83M, with Travel ($5.65M), Transportation ($2.49M), and Other business services ($1.02M) being the largest in terms of value.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €6.93M and imported €12.1M from Albania, resulting in a negative trade balance of €5.21M. Between November 2023 and November 2024 the exports of Spain have increased by €1.38M (24.8%) from €5.55M to €6.93M, while imports decreased by €-9.57M (-44.1%) from €21.7M to €12.1M.

Trade In November 2024, the top exports of Spain to Albania were Unglazed Ceramics (€1.52M), Other Non-Metal Removal Machinery (€337k), Molluscs (€284k), Cars (€245k), and Non-Knit Women's Suits (€187k). In November 2024 the top imports of Spain from Albania were Crude Petroleum (€20.7M), Dried/Salted/Smoked/Brined Fish (€265k), Processed Fish (€212k), Spices (€200k), and Non-Knit Women's Suits (€177k).

Origins In November 2024 the exports of Spain were mainly from Vizcaya (€1.36M), Barcelona (€1.17M), Castellón (€959k), Alicante (€562k), and Madrid (€520k), while imports destinations were mainly Madrid (€8.95M), Cantabria (Santander) (€768k), Valencia (€638k), Guipúzcoa (€499k), and Barcelona (€304k).

Growth In November 2024, the increase in Spain's year-by-year exports to Albania was explained primarily by an increase in product exports in Cars (€219k or 834%), Molluscs (€200k or 238%), and Insulated Wire (€128k or 41.2k%). In November 2024, the decrease in Spain's year-by-year imports  from Albania was explained primarily by an decrease in product imports  in Knit Women's Suits (€-298k or -94.1%), Rubber Footwear (€-149k or -93.2%), and Dried/Salted/Smoked/Brined Fish (€-72.3k or -21.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€1.38M(24.8%)
IMPORT GROWTH (November 2023 - November 2024)€-9.57M(-44.1%)
MAIN EXPORTER (November 2024)Vizcaya€1.36M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Albania and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $118M to Albania. The main products exported from Spain to Albania were Unglazed Ceramics ($23.2M), Refined Petroleum ($11.4M), and Packaged Medicaments ($6.23M). During the last 5 years the exports of Spain to Albania have increased at an annualized rate of 3.99%, from $96.8M in 2018 to $118M in 2023.

In 2018, Albania exported $207M to Spain. The main products exported from Albania to Spain were Crude Petroleum ($178M), Dried/Salted/Smoked/Brined Fish ($6.7M), and Processed Fish ($2.81M). During the last 5 years the exports of Albania to Spain have decreased at an annualized rate of 1.81%, from $227M in 2023 to $207M in 2018.

Exports from Spain (Flag) to Albania (Flag) (2023)

Exports from Albania (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Spain than Albania included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Albania than Spain included Montenegro ($82.3M).

Difference in imports from Albania (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Albania

Flow
Scale

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

During 2023, Spain had a large net trade with Albania in the exports of Stone And Glass ($26.7M), Mineral Products ($15.3M), and Chemical Products ($14.2M).

During 2018, Albania had a large net trade with Spain in the exports of Mineral Products ($179M), Animal Products ($6.77M), and Foodstuffs ($4.08M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Albania+$8.97MRefined Petroleum
Top Product Potential Albania Spain+$7.94MFerroalloys

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

Product Space of Spain (Flag) and Albania (Flag) (2023)

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