Peru (PER) and Albania (ALB) Trade | The Observatory of Economic Complexity

About

Peru-Albania Trade: In 2022, Peru exported $459k to Albania. The main products that Peru exported to Albania were Pepper ($332k), Other Oily Seeds ($40.6k), and Buckwheat ($29.3k). Over the past 5 years the exports of Peru to Albania have increased at an annualized rate of 1.53%, from $425k in 2017 to $459k in 2022.

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

Albania-Peru Trade: In 2022, Albania exported $455k to Peru. The main products that Albania exported to Peru were Ferroalloys ($133k), Vegetable Parchment ($49.4k), and Leather Footwear ($47k). Over the past 5 years the exports of Albania to Peru have decreased at an annualized rate of 8.7%, from $718k in 2017 to $455k in 2022.

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). 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, Peru exported $459k to Albania. The main products exported from Peru to Albania were Pepper ($332k), Other Oily Seeds ($40.6k), and Buckwheat ($29.3k). During the last 5 years the exports of Peru to Albania have increased at an annualized rate of 1.53%, from $425k in 2017 to $459k in 2022.

In 2017, Albania exported $455k to Peru. The main products exported from Albania to Peru were Ferroalloys ($133k), Vegetable Parchment ($49.4k), and Leather Footwear ($47k). During the last 5 years the exports of Albania to Peru have decreased at an annualized rate of 8.7%, from $718k in 2022 to $455k in 2017.

Exports from Peru () to Albania () (2022)

Exports from Albania () to Peru () (2022)

Latest Data

Trade between Peru () and Albania ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Peru than Albania included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

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

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

Comparative Advantage Peru - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Albania in the exports of Vegetable Products ($430k), Chemical Products ($16.1k), and Foodstuffs ($12.5k).

During 2017, Albania had a large net trade with Peru in the exports of Metals ($134k), Footwear and Headwear ($66.8k), and Textiles ($58.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Albania+$51.8kPackaged Medicaments

Top Product Potential Albania Peru+$206kFerroalloys

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Albania () (2022)

Exports from Albania () to Peru () (2022)

Latest Data

Trade between Peru () and Albania ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Peru - Albania

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring