Nigeria (NGA) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Nigeria-Albania Trade: In 2023, Nigeria exported $742k to Albania. The main products that Nigeria exported to Albania were Spices ($561k), Locust beans, seaweed, sugar beet, cane, for food ($157k), and Flavored Water ($24k). Over the past 10 years the exports of Nigeria to Albania have increased at an annualized rate of 85.7%, from $1.52k in 2013 to $742k in 2023.

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

Albania-Nigeria Trade: In 2023, Albania exported $50.8k to Nigeria. The main products that Albania exported to Nigeria were Leather Footwear ($32.7k), Non-Knit Women's Suits ($3.94k), and Non-Knit Men's Shirts ($3.16k). Over the past 10 years the exports of Albania to Nigeria have decreased at an annualized rate of 8.98%, from $81.4k in 2013 to $50.8k in 2023.

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

Comparison: In 2023, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nigeria exported $742k to Albania. The main products exported from Nigeria to Albania were Spices ($561k), Locust beans, seaweed, sugar beet, cane, for food ($157k), and Flavored Water ($24k). During the last 10 years the exports of Nigeria to Albania have increased at an annualized rate of 85.7%, from $1.52k in 2013 to $742k in 2023.

In 2018, Albania exported $50.8k to Nigeria. The main products exported from Albania to Nigeria were Leather Footwear ($32.7k), Non-Knit Women's Suits ($3.94k), and Non-Knit Men's Shirts ($3.16k). During the last 5 years the exports of Albania to Nigeria have decreased at an annualized rate of 8.98%, from $81.4k in 2023 to $50.8k in 2018.

Exports from Nigeria () to Albania () (2023)

Exports from Albania () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Albania ()

Albania Exports

Date

Mar 2013

Apr 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationUnited States$6.29B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Nigeria than Albania included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

In 2023, countries that imported more from Albania than Nigeria included North Macedonia ($134M), Greece ($409M), and Montenegro ($82.3M).

Difference in imports from Albania () and Nigeria () (2023)

Comparative Advantage Nigeria - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nigeria had a large net trade with Albania in the exports of Vegetable Products ($718k) and Foodstuffs ($24k).

During 2018, Albania had a large net trade with Nigeria in the exports of Footwear and Headwear ($33.4k), Textiles ($11.6k), and Machines ($4.43k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Albania+$4.2kPetroleum Gas

Top Product Potential Albania Nigeria+$50.4kMotor vehicles; parts and accessories (8701 to 8705)

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

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Albania () (2023)

Exports from Albania () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Albania ()

Albania Exports

Market Competitiveness

Difference in imports from Albania () and Nigeria () (2023)

Comparative Advantage Nigeria - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nigeria () and Albania () (2023)

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