2023
Flag  
GDP
$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH
31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
 GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC 
$128,678CURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP PC GROWTH
7.23%CURRENT US$
Rnk 143 / 195
2023
Flag
GDP PC
$8,575CURRENT US$
Rnk 93 / 196
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195

About

Luxembourg-Albania Trade: In 2023, Luxembourg exported $1.26M to Albania. The main products that Luxembourg exported to Albania were Rubber Tires ($347k), Beauty Products ($310k), and Cars ($224k). Over the past 5 years the exports of Luxembourg to Albania have increased at an annualized rate of 20.2%, from $505k in 2018 to $1.26M in 2023.

In 2023, Luxembourg did not export any services to Albania.

Albania-Luxembourg Trade: In 2023, Albania exported $1.87M to Luxembourg. The main products that Albania exported to Luxembourg were Flavored Water ($1.1M), Non-Knit Men's Suits ($135k), and Leather Footwear ($96.6k). Over the past 5 years the exports of Albania to Luxembourg have increased at an annualized rate of 30.1%,  from $503k in 2018 to $1.87M in 2023.

In 2017, Albania exported services to Luxembourg worth $3.73M, with Travel ($3.28M), Other business services ($339k), and Personal, cultural, and recreational services ($113k) being the largest in terms of value.

Comparison In 2023,  Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Luxembourg exported $1.26M to Albania. The main products exported from Luxembourg to Albania were Rubber Tires ($347k), Beauty Products ($310k), and Cars ($224k). During the last 5 years the exports of Luxembourg to Albania have increased at an annualized rate of 20.2%, from $505k in 2018 to $1.26M in 2023.

In 2018, Albania exported $1.87M to Luxembourg. The main products exported from Albania to Luxembourg were Flavored Water ($1.1M), Non-Knit Men's Suits ($135k), and Leather Footwear ($96.6k). During the last 5 years the exports of Albania to Luxembourg have increased at an annualized rate of 30.1%, from $503k in 2023 to $1.87M in 2018.

Exports from Luxembourg (Flag) to Albania (Flag) (2023)

Exports from Albania (Flag) to Luxembourg (Flag) (2023)

Latest Data

Trade between Luxembourg (Flag) and Albania (Flag)

Luxembourg Exports

Albania Exports

Market Competitiveness

Color
Luxembourg
Top Destination
Germany$3.42B
Albania
Top Destination
Italy$1.72B

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

In 2023, countries that imported more from Luxembourg than Albania included Germany ($3.42B), France ($2.8B), and Belgium ($1.59B).

In 2023, countries that imported more from Albania than Luxembourg included Italy ($1.72B), Greece ($409M), and Serbia ($188M).

Difference in imports from Albania (Flag) and Luxembourg (Flag) (2023)

Comparative Advantage Luxembourg - Albania

Flow
Scale

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

During 2023, Luxembourg had a large net trade with Albania in the exports of Chemical Products ($438k), Plastics and Rubbers ($382k), and Transportation ($268k).

During 2018, Albania had a large net trade with Luxembourg in the exports of Foodstuffs ($1.1M), Textiles ($356k), and Footwear and Headwear ($166k).

Economic Complexity

Competitive Landscape

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

Product Space of Luxembourg (Flag) and Albania (Flag) (2023)

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