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2023
Flag → Flag
Exports $87.4MRnk 114 / 223
2023
Flag → Flag
Top Product $21.9MCars
2023
Flag → Flag
Exports $48.5MRnk 18 / 126
2023
Flag → Flag
Top Product $12.9MLeather Footwear
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$8,575CURRENT US$
Rnk 93 / 196
2013-2023
Flag
GDP PC GROWTH94.3%CURRENT US$
Rnk 10 / 195

About

United Kingdom-Albania Trade: In 2023, United Kingdom exported $87.4M to Albania. The main products that United Kingdom exported to Albania were Cars ($21.9M), Hard Liquor ($7.05M), and Blank Audio Media ($5.56M). Over the past 5 years the exports of United Kingdom to Albania have increased at an annualized rate of 20%, from $35.1M in 2018 to $87.4M in 2023.

In 2003, United Kingdom exported services to Albania worth $1.83M, with Travel ($1.83M) being the largest in terms of value.

Albania-United Kingdom Trade: In 2023, Albania exported $48.5M to United Kingdom. The main products that Albania exported to United Kingdom were Leather Footwear ($12.9M), Non-Knit Men's Coats ($2.9M), and Insulated Wire ($2.52M). Over the past 5 years the exports of Albania to United Kingdom have increased at an annualized rate of 40.1%,  from $8.97M in 2018 to $48.5M in 2023.

In 2017, Albania exported services to United Kingdom worth $87.6M, with Travel ($44.4M), Other business services ($23.6M), and Transportation ($10.4M) being the largest in terms of value.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Latest Trends

December, 2024

About

Overview In December 2024, United Kingdom exported £2.28M and imported £991k from Albania, resulting in a positive trade balance of £1.28M. Between December 2023 and December 2024 the exports of United Kingdom have decreased by £-995k (-30.4%) from £3.27M to £2.28M, while imports increased by £148k (17.6%) from £843k to £991k.

Trade In December 2024, the top exports of United Kingdom to Albania were Beer (£194k), Flavored Water (£131k), Fairground Amusements (£105k), Large Construction Vehicles (£102k), and Centrifuges (£95.6k). In December 2024 the top imports of United Kingdom from Albania were Leather Footwear (£162k), Grapes (£123k), Knit Men's Suits (£113k), Spice Seeds (£77.8k), and Perfume Plants (£55k).

Origins In December 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£1.28M), Felixstowe (£278k), Dover (£207k), London Heathrow Airport (£150k), and East Midlands Airport (£136k), while imports destinations were mainly Dover Eurotunnel (£289k), Dover (£168k), Eurotunnel (£47.4k), and Liverpool (£44.4k).

Growth In December 2024, the decrease in United Kingdom's year-by-year exports to Albania was explained primarily by an decrease in product exports in Large Construction Vehicles (£-130k or -56.1%), Leather of Other Animals (£-122k or -65%), and Sports Equipment (£-82.1k or -92.2%). In December 2024, the increase in United Kingdom's year-by-year imports  from Albania was explained primarily by an increase in product imports  in Perfume Plants (£22.6k or 70.1%), Knit Men's Suits (£16.4k or 17.1%), and Spice Seeds (£16k or 25.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)£-995k(-30.4%)
IMPORT GROWTH (December 2023 - December 2024)£148k(17.6%)
MAIN EXPORTER (December 2024)Dover Eurotunnel£1.28M

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

To check Albania and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $87.4M to Albania. The main products exported from United Kingdom to Albania were Cars ($21.9M), Hard Liquor ($7.05M), and Blank Audio Media ($5.56M). During the last 5 years the exports of United Kingdom to Albania have increased at an annualized rate of 20%, from $35.1M in 2018 to $87.4M in 2023.

In 2018, Albania exported $48.5M to United Kingdom. The main products exported from Albania to United Kingdom were Leather Footwear ($12.9M), Non-Knit Men's Coats ($2.9M), and Insulated Wire ($2.52M). During the last 5 years the exports of Albania to United Kingdom have increased at an annualized rate of 40.1%, from $8.97M in 2023 to $48.5M in 2018.

Exports from United Kingdom (Flag) to Albania (Flag) (2023)

Exports from Albania (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from United Kingdom than Albania included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Albania (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Albania

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Albania in the exports of Transportation ($26.7M), Machines ($16M), and Foodstuffs ($14.4M).

During 2018, Albania had a large net trade with United Kingdom in the exports of Footwear and Headwear ($17.6M), Textiles ($15.3M), and Machines ($3.49M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Albania+$2.55MCars
Top Product Potential Albania United Kingdom+$9.6MLeather 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 United Kingdom and Albania. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Albania (Flag) (2023)

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