2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC 
$30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH
56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC
$8,575CURRENT US$
Rnk 93 / 196
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195

About

Estonia-Albania Trade: In 2023, Estonia exported $1.38M to Albania. The main products that Estonia exported to Albania were Peat ($227k), Delivery Trucks ($203k), and Cars ($139k). Over the past 5 years the exports of Estonia to Albania have increased at an annualized rate of 39.3%, from $264k in 2018 to $1.38M in 2023.

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

Albania-Estonia Trade: In 2023, Albania exported $11.3M to Estonia. The main products that Albania exported to Estonia were Processed Crustaceans ($8.12M), Rubber Footwear ($825k), and Leather Footwear ($625k). Over the past 5 years the exports of Albania to Estonia have increased at an annualized rate of 3.87%,  from $9.35M in 2018 to $11.3M in 2023.

In 2017, Albania exported services to Estonia worth $1.47M, with Other business services ($565k), Travel ($339k), and Computer and information services ($339k) being the largest in terms of value.

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), 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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $1.38M to Albania. The main products exported from Estonia to Albania were Peat ($227k), Delivery Trucks ($203k), and Cars ($139k). During the last 5 years the exports of Estonia to Albania have increased at an annualized rate of 39.3%, from $264k in 2018 to $1.38M in 2023.

In 2018, Albania exported $11.3M to Estonia. The main products exported from Albania to Estonia were Processed Crustaceans ($8.12M), Rubber Footwear ($825k), and Leather Footwear ($625k). During the last 5 years the exports of Albania to Estonia have increased at an annualized rate of 3.87%, from $9.35M in 2023 to $11.3M in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Albania (Flag)

Estonia Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Albania
Top Destination
Italy$1.72B

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

In 2023, countries that imported more from Estonia than Albania included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

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

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

Comparative Advantage Estonia - Albania

Flow
Scale

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

During 2023, Estonia had a large net trade with Albania in the exports of Transportation ($500k), Mineral Products ($227k), and Foodstuffs ($157k).

During 2018, Albania had a large net trade with Estonia in the exports of Foodstuffs ($8.13M), Footwear and Headwear ($1.49M), and Vegetable Products ($1.36M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Estonia and Albania. This means that a dot/product with the flag of Estonia indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Estonia.

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

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