Italy / Albania

Italy-Albania Trade: In 2022, Italy exported $1.74B to Albania. The main products that Italy exported to Albania were Tanned Equine and Bovine Hides ($89.2M), Footwear Parts ($85.3M), and Refined Petroleum ($45.2M). Over the past 5 years the exports of Italy to Albania have increased at an annualized rate of 3.51%, from $1.47B in 2017 to $1.74B in 2022.

In 2002, Italy exported services to Albania worth $81.8M, with Travel ($59.8M), Transportation ($11.5M), and Other business services ($8.39M) being the largest in terms of value.

Albania-Italy Trade: In 2022, Albania exported $1.75B to Italy. The main products that Albania exported to Italy were Footwear Parts ($296M), Ferroalloys ($181M), and Leather Footwear ($148M). Over the past 5 years the exports of Albania to Italy have increased at an annualized rate of 7.08%,  from $1.16B in 2017 to $1.75B in 2022.

In 2017, Albania exported services to Italy worth $689M, with Travel ($401M), Other business services ($157M), and Transportation ($91.8M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).