Iceland (ISL) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Iceland-Albania In 2022, Iceland exported $24.1k to Albania. The main products that Iceland exported to Albania are Refined Petroleum ($22.5k), Hand Saws ($1.67k), and Other Edible Preparations ($26). During the last 26 years the exports of Iceland to Albania have increased at an annualized rate of 4.21%, from $8.27k in 1996 to $24.1k in 2022.

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

Albania-Iceland In 2022, Albania exported $300k to Iceland. The main products that Albania exported to Iceland were Leather Footwear ($105k), Knit Active Wear ($43k), and Rubber Footwear ($29k). During the last 26 years the exports of Albania to Iceland have increased at an annualized rate of 26.9%, from $606 in 1996 to $300k in 2022.

In 2017, Albania exported services to Iceland worth $226k, with Travel ($226k) being the largest in terms of value.

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 72 in the Economic Complexity Index (ECI -0.23), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $24.1k to Albania. The main products exported from Iceland to Albania were Refined Petroleum ($22.5k), Hand Saws ($1.67k), and Other Edible Preparations ($26). During the last 26 years the exports of Iceland to Albania have increased at an annualized rate of 4.21%, from $8.27k in 1996 to $24.1k in 2022.

In 2022, Albania exported $300k to Iceland. The main products exported from Albania to Iceland were Leather Footwear ($105k), Knit Active Wear ($43k), and Rubber Footwear ($29k). During the last 27 years the exports of Albania to Iceland have increased at an annualized rate of 26.9%, from $606 in 1995 to $300k in 2022.

Exports from Iceland () to Albania () (2022)

Exports from Albania () to Iceland () (2022)

Latest Data

Trade between Iceland () and Albania ()

Iceland Exports

Date

Albania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Albania
Top DestinationItaly$1.75B

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

In 2021, countries that imported more from Iceland than Albania were Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2021, countries that imported more from Albania than Iceland were Italy ($1.75B), Greece ($421M), and North Macedonia ($101M).

Difference in imports from Albania () and Iceland () (2022)

Comparative Advantage Iceland - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Albania in the exports of Mineral Products ($22.5k), Metals ($1.67k), and Foodstuffs ($26).

During 2022, Albania had a large net trade with Iceland in the exports of Footwear and Headwear ($163k), Textiles ($104k), and Transportation ($10.1k).

Service Trade

Bilateral Service Trade

In 2017, Albania exported services to Iceland worth $226k, with Travel ($226k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Albania () to Iceland () (2017)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Albania. Similarly, the more yellow a dot/product is, the more Albania has comparative advantage over Iceland.

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Albania () (2022)

Exports from Albania () to Iceland () (2022)

Latest Data

Trade between Iceland () and Albania ()

Iceland Exports

Albania Exports

Market Competitiveness

Difference in imports from Albania () and Iceland () (2022)

Comparative Advantage Iceland - Albania

Service Trade

Bilateral Service Trade

Services Exports from Albania () to Iceland () (2017)

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Albania () (2022)

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