2022
Flag  
GDP
$82.3BCURRENT US$
Rnk 71 / 186
2012-2022
Flag
GDP GROWTH
37.6%CURRENT US$
Rnk 87 / 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 
$126,426CURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP PC GROWTH
12.3%CURRENT US$
Rnk 108 / 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

Luxembourg-Albania Trade: In 2022, Luxembourg exported $514k to Albania. The main products that Luxembourg exported to Albania were Non-woven Textiles ($259k), Rubber Tires ($114k), and Other Coloring Matter ($36.1k). Over the past 5 years the exports of Luxembourg to Albania have increased at an annualized rate of 82.4%, from $25.4k in 2017 to $514k in 2022.

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

Albania-Luxembourg Trade: In 2022, Albania exported $1.1M to Luxembourg. The main products that Albania exported to Luxembourg were Flavored Water ($339k), Leather Footwear ($122k), and Other Furniture ($119k). Over the past 5 years the exports of Albania to Luxembourg have decreased at an annualized rate of 5.5%,  from $2.28M in 2017 to $1.1M in 2022.

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 2022,  Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index. 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, Luxembourg exported $514k to Albania. The main products exported from Luxembourg to Albania were Non-woven Textiles ($259k), Rubber Tires ($114k), and Other Coloring Matter ($36.1k). During the last 5 years the exports of Luxembourg to Albania have increased at an annualized rate of 82.4%, from $25.4k in 2017 to $514k in 2022.

In 2017, Albania exported $1.1M to Luxembourg. The main products exported from Albania to Luxembourg were Flavored Water ($339k), Leather Footwear ($122k), and Other Furniture ($119k). During the last 5 years the exports of Albania to Luxembourg have decreased at an annualized rate of 5.5%, from $2.28M in 2022 to $1.1M in 2017.

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

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

Latest Data

Trade between Luxembourg (Flag) and Albania (Flag)

Luxembourg Exports

Albania Exports

Market Competitiveness

Color
Luxembourg
Top Destination
Germany$4.15B
Albania
Top Destination
Italy$1.75B

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 2022, countries that imported more from Luxembourg than Albania included Germany ($4.15B), France ($3.07B), and Belgium ($2.09B).

In 2022, countries that imported more from Albania than Luxembourg included Italy ($1.75B), Greece ($421M), and Montenegro ($80.8M).

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

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 2022, Luxembourg had a large net trade with Albania in the exports of Textiles ($260k), Plastics and Rubbers ($137k), and Machines ($40.9k).

During 2017, Albania had a large net trade with Luxembourg in the exports of Foodstuffs ($339k), Textiles ($243k), and Footwear and Headwear ($203k).

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) (2022)

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