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Pricing

2022
Flag → Flag
Exports $1.91MRnk 200 / 211
2022
Flag → Flag
Top Product $829kTractors
2022
Flag → Flag
Exports $55.8MRnk 13 / 129
2022
Flag → Flag
Top Product $38.3MFerroalloys
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
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GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
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GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Japan-Albania Trade: In 2022, Japan exported $1.91M to Albania. The main products that Japan exported to Albania were Tractors ($829k), Refrigerators ($305k), and Medical Instruments ($270k). Over the past 5 years the exports of Japan to Albania have decreased at an annualized rate of 32.2%, from $13.4M in 2017 to $1.91M in 2022.

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

Albania-Japan Trade: In 2022, Albania exported $55.8M to Japan. The main products that Albania exported to Japan were Ferroalloys ($38.3M), Leather Footwear ($3.28M), and Fish Fillets ($3.17M). Over the past 5 years the exports of Albania to Japan have increased at an annualized rate of 38.3%,  from $11M in 2017 to $55.8M in 2022.

In 2017, Albania exported services to Japan worth $4.74M, with Other business services ($1.36M), Government services, n.i.e. ($1.24M), and Travel ($1.13M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

June, 2024

About

Overview In June 2024, Japan exported ¥99.7M and imported ¥212M from Albania, resulting in a negative trade balance of ¥112M. Between June 2023 and June 2024 the exports of Japan have increased by ¥62.3M (167%) from ¥37.4M to ¥99.7M, while imports increased by ¥59.5M (39%) from ¥152M to ¥212M.

Trade In June 2024, the top exports of Japan to Albania were X-Ray Equipment (¥51.6M), Tractors (¥10.7M), Dental Products (¥1.36M), and Commodities not elsewhere specified (¥652k). In June 2024 the top imports of Japan from Albania were Chromium Ore (¥26.8M), Ferroalloys (¥18.8M), Knit T-shirts (¥12.8M), Knit Sweaters (¥10.4M), and Perfume Plants (¥8.91M).

Origins In June 2024 the exports of Japan were mainly from Hyōgo (¥44.2M), Kanagawa (¥31.3M), Osaka (¥13.2M), Chiba (¥7.29M), and Aichi (¥2.62M), while imports destinations were mainly Aichi (¥109M), Chiba (¥68.9M), Osaka (¥23.5M), Hyōgo (¥5.54M), and Tokyo (¥4.51M).

Growth In June 2024, the increase in Japan's year-by-year exports to Albania was explained primarily by an increase in product exports in Tractors (¥708k or 7.06%). In June 2024, the increase in Japan's year-by-year imports  from Albania was explained primarily by an increase in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)¥62.3M(167%)
IMPORT GROWTH (June 2023 - June 2024)¥59.5M(39%)
MAIN EXPORTER (June 2024)Hyōgo¥44.2M

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Albania and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $1.91M to Albania. The main products exported from Japan to Albania were Tractors ($829k), Refrigerators ($305k), and Medical Instruments ($270k). During the last 5 years the exports of Japan to Albania have decreased at an annualized rate of 32.2%, from $13.4M in 2017 to $1.91M in 2022.

In 2017, Albania exported $55.8M to Japan. The main products exported from Albania to Japan were Ferroalloys ($38.3M), Leather Footwear ($3.28M), and Fish Fillets ($3.17M). During the last 5 years the exports of Albania to Japan have increased at an annualized rate of 38.3%, from $11M in 2022 to $55.8M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Japan than Albania included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Albania than Japan included Greece ($421M) and Montenegro ($80.8M).

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

Comparative Advantage Japan - Albania

Flow
Scale

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

During 2022, Japan had a large net trade with Albania in the exports of Transportation ($886k), Machines ($421k), and Instruments ($338k).

During 2017, Albania had a large net trade with Japan in the exports of Metals ($38.3M), Textiles ($5.38M), and Footwear and Headwear ($4.11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Albania+$499kMedical Instruments
Top Product Potential Albania Japan+$7.39MFerroalloys

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 Japan and Albania. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Japan.

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

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