2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 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 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 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

Finland-Albania Trade: In 2022, Finland exported $4.42M to Albania. The main products that Finland exported to Albania were Sawn Wood ($2.66M), Kraft Paper ($475k), and Non-fillet Frozen Fish ($282k). Over the past 5 years the exports of Finland to Albania have increased at an annualized rate of 2.26%, from $3.96M in 2017 to $4.42M in 2022.

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

Albania-Finland Trade: In 2022, Albania exported $2.26M to Finland. The main products that Albania exported to Finland were Ferroalloys ($819k), Leather Footwear ($252k), and Knit Active Wear ($173k). Over the past 5 years the exports of Albania to Finland have increased at an annualized rate of 14.3%,  from $1.16M in 2017 to $2.26M in 2022.

In 2017, Albania exported services to Finland worth $2.6M, with Travel ($2.03M), Transportation ($339k), and Computer and information services ($113k) being the largest in terms of value.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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, Finland exported $4.42M to Albania. The main products exported from Finland to Albania were Sawn Wood ($2.66M), Kraft Paper ($475k), and Non-fillet Frozen Fish ($282k). During the last 5 years the exports of Finland to Albania have increased at an annualized rate of 2.26%, from $3.96M in 2017 to $4.42M in 2022.

In 2017, Albania exported $2.26M to Finland. The main products exported from Albania to Finland were Ferroalloys ($819k), Leather Footwear ($252k), and Knit Active Wear ($173k). During the last 5 years the exports of Albania to Finland have increased at an annualized rate of 14.3%, from $1.16M in 2022 to $2.26M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Albania (Flag)

Finland Exports

Albania Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Albania
Top Destination
Italy$1.75B

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

In 2022, countries that imported more from Finland than Albania included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Albania than Finland included Greece ($421M), North Macedonia ($101M), and Montenegro ($80.8M).

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

Comparative Advantage Finland - Albania

Flow
Scale

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

During 2022, Finland had a large net trade with Albania in the exports of Wood Products ($2.66M), Paper Goods ($794k), and Animal Products ($282k).

During 2017, Albania had a large net trade with Finland in the exports of Metals ($888k), Textiles ($617k), and Footwear and Headwear ($419k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Albania+$251kKaolin Coated Paper
Top Product Potential Albania Finland+$1.03MFerroalloys

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

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

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