2022
Flag  
GDP
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
Flag
 GDP
$18.9BCURRENT US$
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2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
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2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC
$6,803CURRENT US$
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2012-2022
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GDP PC GROWTH
60.2%CURRENT US$
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About

Ireland-Albania Trade: In 2022, Ireland exported $12.2M to Albania. The main products that Ireland exported to Albania were Scented Mixtures ($7.28M), Industrial Fatty Acids, Oils and Alcohols ($2.85M), and Packaged Medicaments ($902k). Over the past 5 years the exports of Ireland to Albania have increased at an annualized rate of 2.33%, from $10.9M in 2017 to $12.2M in 2022.

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

Albania-Ireland Trade: In 2022, Albania exported $3.13M to Ireland. The main products that Albania exported to Ireland were Leather Footwear ($1.11M), Knit Active Wear ($533k), and Knit Women's Suits ($201k). Over the past 5 years the exports of Albania to Ireland have decreased at an annualized rate of 4.39%,  from $3.91M in 2017 to $3.13M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported $12.2M to Albania. The main products exported from Ireland to Albania were Scented Mixtures ($7.28M), Industrial Fatty Acids, Oils and Alcohols ($2.85M), and Packaged Medicaments ($902k). During the last 5 years the exports of Ireland to Albania have increased at an annualized rate of 2.33%, from $10.9M in 2017 to $12.2M in 2022.

In 2017, Albania exported $3.13M to Ireland. The main products exported from Albania to Ireland were Leather Footwear ($1.11M), Knit Active Wear ($533k), and Knit Women's Suits ($201k). During the last 5 years the exports of Albania to Ireland have decreased at an annualized rate of 4.39%, from $3.91M in 2022 to $3.13M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Albania
Top Destination
Italy$1.75B

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

In 2022, countries that imported more from Ireland than Albania included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

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

Comparative Advantage Ireland - Albania

Flow
Scale

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

During 2022, Ireland had a large net trade with Albania in the exports of Chemical Products ($11.5M), Machines ($169k), and Instruments ($155k).

During 2017, Albania had a large net trade with Ireland in the exports of Footwear and Headwear ($1.39M), Textiles ($1.04M), and Metals ($314k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Albania+$2.28MPackaged Medicaments
Top Product Potential Albania Ireland+$1.1MLeather 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 Ireland and Albania. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Ireland.

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

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