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2023
Flag → Flag
Exports $113MRnk 31 / 191
2023
Flag → Flag
Top Product $42.2MRefined Petroleum
2023
Flag → Flag
Exports $34.3MRnk 23 / 126
2023
Flag → Flag
Top Product $6.21MRaw Iron Bars
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
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Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
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GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
 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 $21,865CURRENT US$
Rnk 60 / 195
2013-2023
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GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 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

Croatia-Albania Trade: In 2023, Croatia exported $113M to Albania. The main products that Croatia exported to Albania were Refined Petroleum ($42.2M), Dried/Salted/Smoked/Brined Fish ($10.2M), and Petroleum Gas ($5.69M). Over the past 5 years the exports of Croatia to Albania have increased at an annualized rate of 11.8%, from $64.9M in 2018 to $113M in 2023.

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

Albania-Croatia Trade: In 2023, Albania exported $34.3M to Croatia. The main products that Albania exported to Croatia were Raw Iron Bars ($6.21M), Other Vegetables ($5.35M), and Aluminium Bars ($2.84M). Over the past 5 years the exports of Albania to Croatia have increased at an annualized rate of 32.7%,  from $8.31M in 2018 to $34.3M in 2023.

In 2017, Albania exported services to Croatia worth $14.7M, with Travel ($8.25M), Other business services ($5.65M), and Communications services ($339k) being the largest in terms of value.

Comparison: In 2023,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B). 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, Croatia exported $113M to Albania. The main products exported from Croatia to Albania were Refined Petroleum ($42.2M), Dried/Salted/Smoked/Brined Fish ($10.2M), and Petroleum Gas ($5.69M). During the last 5 years the exports of Croatia to Albania have increased at an annualized rate of 11.8%, from $64.9M in 2018 to $113M in 2023.

In 2018, Albania exported $34.3M to Croatia. The main products exported from Albania to Croatia were Raw Iron Bars ($6.21M), Other Vegetables ($5.35M), and Aluminium Bars ($2.84M). During the last 5 years the exports of Albania to Croatia have increased at an annualized rate of 32.7%, from $8.31M in 2023 to $34.3M in 2018.

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

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

Latest Data

Trade between Croatia (Flag) and Albania (Flag)

Croatia Exports

Albania Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.05B
Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Croatia than Albania included Slovenia ($2.45B), Germany ($2.58B), and Italy ($3.05B).

In 2023, countries that imported more from Albania than Croatia included Greece ($409M), China ($161M), and Senegal ($14.9M).

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

Comparative Advantage Croatia - Albania

Flow
Scale

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

During 2023, Croatia had a large net trade with Albania in the exports of Mineral Products ($48M), Animal Products ($14.8M), and Machines ($13.6M).

During 2018, Albania had a large net trade with Croatia in the exports of Vegetable Products ($13.8M), Metals ($10.9M), and Animal Products ($2.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Albania+$588kPackaged Medicaments
Top Product Potential Albania Croatia+$423kLeather 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 Croatia and Albania. This means that a dot/product with the flag of Croatia indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Croatia.

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

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