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Pricing

2022
Flag → Flag
Exports $41.2MRnk 129 / 224
2022
Flag → Flag
Top Product $4.94MExcavation Machinery
2022
Flag → Flag
Exports $46.5MRnk 16 / 129
2022
Flag → Flag
Top Product $15MLeather Footwear
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

United Kingdom-Albania Trade: In 2022, United Kingdom exported $41.2M to Albania. The main products that United Kingdom exported to Albania were Excavation Machinery ($4.94M), Surveying Equipment ($3.83M), and Oscilloscopes ($2.24M). Over the past 5 years the exports of United Kingdom to Albania have increased at an annualized rate of 9.48%, from $26.2M in 2017 to $41.2M in 2022.

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 2022, Albania exported $46.5M to United Kingdom. The main products that Albania exported to United Kingdom were Leather Footwear ($15M), Non-Knit Men's Coats ($2.35M), and Ferroalloys ($2.14M). Over the past 5 years the exports of Albania to United Kingdom have increased at an annualized rate of 62.6%,  from $4.08M in 2017 to $46.5M in 2022.

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 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £2.37M and imported £1.49M from Albania, resulting in a positive trade balance of £884k. Between August 2023 and August 2024 the exports of United Kingdom have increased by £133k (5.94%) from £2.24M to £2.37M, while imports decreased by £-375k (-20.1%) from £1.86M to £1.49M.

Trade In August 2024, the top exports of United Kingdom to Albania were Large Construction Vehicles (£232k), Leather of Other Animals (£187k), Broadcasting Accessories (£162k), Electric Generating Sets (£111k), and Flavored Water (£101k). In August 2024 the top imports of United Kingdom from Albania were Excavation Machinery (£1.5M), Surveying Equipment (£1.28M), Oscilloscopes (£800k), Leather Footwear (£484k), and Other Measuring Instruments (£178k).

Origins In August 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£1.49M), Felixstowe (£282k), London Heathrow Airport (£202k), Dover (£103k), and East Midlands Airport (£82k), while imports destinations were mainly Felixstowe (£347k), Immingham (£242k), Dover Eurotunnel (£205k), and Dover (£190k).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Albania was explained primarily by an increase in product exports in Leather of Other Animals (£186k or 14k%), Broadcasting Accessories (£159k or 5.42k%), and Sports Equipment (£85.5k or 2.4k%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Albania was explained primarily by an decrease in product imports  in Commodities not elsewhere specified (£-75.9k or -88.7%), Ferroalloys (£-29.7k or -30.7%), and Mattresses (£-1.49k or -9.45%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£133k(5.94%)
IMPORT GROWTH (August 2023 - August 2024)£-375k(-20.1%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£1.49M

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 2022, United Kingdom exported $41.2M to Albania. The main products exported from United Kingdom to Albania were Excavation Machinery ($4.94M), Surveying Equipment ($3.83M), and Oscilloscopes ($2.24M). During the last 5 years the exports of United Kingdom to Albania have increased at an annualized rate of 9.48%, from $26.2M in 2017 to $41.2M in 2022.

In 2017, Albania exported $46.5M to United Kingdom. The main products exported from Albania to United Kingdom were Leather Footwear ($15M), Non-Knit Men's Coats ($2.35M), and Ferroalloys ($2.14M). During the last 5 years the exports of Albania to United Kingdom have increased at an annualized rate of 62.6%, from $4.08M in 2022 to $46.5M in 2017.

Exports from United Kingdom (Flag) to Albania (Flag) (2022)

Exports from Albania (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Albania
Top DestinationItaly$1.75B

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 2022, countries that imported more from United Kingdom than Albania included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Albania than United Kingdom included Montenegro ($80.8M).

Difference in imports from Albania (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Albania in the exports of Machines ($15.8M), Instruments ($7.35M), and Foodstuffs ($4.82M).

During 2017, Albania had a large net trade with United Kingdom in the exports of Footwear and Headwear ($18.7M), Textiles ($15.6M), and Metals ($3.63M).

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) (2022)

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