2022
Flag  
GDP
$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH
63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
 GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC 
$24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH
72.8%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186

About

Lithuania-Albania Trade: In 2022, Lithuania exported $5.7M to Albania. The main products that Lithuania exported to Albania were Other Edible Preparations ($3.18M), Refined Petroleum ($444k), and Valves ($285k). Over the past 5 years the exports of Lithuania to Albania have increased at an annualized rate of 11%, from $3.39M in 2017 to $5.7M in 2022.

In 2003, Lithuania exported services to Albania worth $51.8k, with Travel ($51.8k) being the largest in terms of value.

Albania-Lithuania Trade: In 2022, Albania exported $3.54M to Lithuania. The main products that Albania exported to Lithuania were Melons ($1.49M), Cabbages ($755k), and Citrus ($664k). Over the past 5 years the exports of Albania to Lithuania have increased at an annualized rate of 22%,  from $1.31M in 2017 to $3.54M in 2022.

In 2017, Albania exported services to Lithuania worth $1.13M, with Travel ($791k), Other business services ($226k), and Transportation ($113k) being the largest in terms of value.

Comparison: In 2022,  Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). 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, Lithuania exported $5.7M to Albania. The main products exported from Lithuania to Albania were Other Edible Preparations ($3.18M), Refined Petroleum ($444k), and Valves ($285k). During the last 5 years the exports of Lithuania to Albania have increased at an annualized rate of 11%, from $3.39M in 2017 to $5.7M in 2022.

In 2017, Albania exported $3.54M to Lithuania. The main products exported from Albania to Lithuania were Melons ($1.49M), Cabbages ($755k), and Citrus ($664k). During the last 5 years the exports of Albania to Lithuania have increased at an annualized rate of 22%, from $1.31M in 2022 to $3.54M in 2017.

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

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

Latest Data

Trade between Lithuania (Flag) and Albania (Flag)

Lithuania Exports

Albania Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$6.18B
Albania
Top Destination
Italy$1.75B

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

In 2022, countries that imported more from Lithuania than Albania included Latvia ($6.18B), Poland ($3.91B), and Germany ($3.54B).

In 2022, countries that imported more from Albania than Lithuania included Italy ($1.75B), Greece ($421M), and North Macedonia ($101M).

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

Comparative Advantage Lithuania - Albania

Flow
Scale

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

During 2022, Lithuania had a large net trade with Albania in the exports of Foodstuffs ($3.25M), Machines ($693k), and Mineral Products ($635k).

During 2017, Albania had a large net trade with Lithuania in the exports of Vegetable Products ($2.91M), Footwear and Headwear ($563k), and Machines ($30.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Albania+$1.18MRefined Petroleum
Top Product Potential Albania Lithuania+$456kLeather 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with