Kuwait (KWT) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Kuwait-Albania Trade: In 2022, Kuwait exported $57k to Albania. The main products that Kuwait exported to Albania were Cars ($45.9k) and Used Clothing ($11.2k). Over the past 5 years the exports of Kuwait to Albania have decreased at an annualized rate of 8.35%, from $88.2k in 2017 to $57k in 2022.

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

Albania-Kuwait Trade: In 2022, Albania exported $10.6M to Kuwait. The main products that Albania exported to Kuwait were House Linens ($1.57M), Non-Knit Women's Suits ($1.5M), and Knit Socks and Hosiery ($919k). Over the past 5 years the exports of Albania to Kuwait have increased at an annualized rate of 33.5%, from $2.51M in 2017 to $10.6M in 2022.

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

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $57k to Albania. The main products exported from Kuwait to Albania were Cars ($45.9k) and Used Clothing ($11.2k). During the last 5 years the exports of Kuwait to Albania have decreased at an annualized rate of 8.35%, from $88.2k in 2017 to $57k in 2022.

In 2017, Albania exported $10.6M to Kuwait. The main products exported from Albania to Kuwait were House Linens ($1.57M), Non-Knit Women's Suits ($1.5M), and Knit Socks and Hosiery ($919k). During the last 5 years the exports of Albania to Kuwait have increased at an annualized rate of 33.5%, from $2.51M in 2022 to $10.6M in 2017.

Exports from Kuwait () to Albania () (2022)

Exports from Albania () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Albania ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Kuwait than Albania included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Albania than Kuwait included Italy ($1.75B), Greece ($421M), and Spain ($309M).

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

Comparative Advantage Kuwait - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Albania in the exports of Transportation ($45.9k) and Textiles ($11.2k).

During 2017, Albania had a large net trade with Kuwait in the exports of Textiles ($8.97M), Paper Goods ($568k), and Footwear and Headwear ($553k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Albania+$171kCars

Top Product Potential Albania Kuwait+$790kNon-Knit Women's Suits

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

Year

This visualization shows the product space at the HS4 level with the flags of Kuwait and Albania. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Kuwait.

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Albania () (2022)

Exports from Albania () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Albania ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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