Portugal (PRT) and Albania (ALB) Trade | The Observatory of Economic Complexity

About

Portugal-Albania In 2022, Portugal exported $14.7M to Albania. The main products that Portugal exported to Albania are Packaged Medicaments ($4.79M), Other Electrical Machinery ($3.46M), and Tanned Equine and Bovine Hides ($996k). During the last 27 years the exports of Portugal to Albania have increased at an annualized rate of 22.2%, from $65.5k in 1995 to $14.7M in 2022.

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

Albania-Portugal In 2022, Albania exported $6.86M to Portugal. The main products that Albania exported to Portugal were Footwear Parts ($5.75M), Iron Stovetops ($293k), and Leather Footwear ($168k). During the last 27 years the exports of Albania to Portugal have increased at an annualized rate of 8.7%, from $721k in 1995 to $6.86M in 2022.

In 2017, Albania exported services to Portugal worth $1.02M, with Travel ($791k) and Transportation ($226k) being the largest in terms of value.

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Albania ranked 72 in the Economic Complexity Index (ECI -0.23), and 131 in total exports ($4.3B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €836k and imported €174k from Albania, resulting in a positive trade balance of €661k. Between January 2023 and January 2024 the exports of Portugal have increased by €204k (32.3%) from €632k to €836k, while imports increased by €26k (17.5%) from €148k to €174k.

Trade In January 2024, the top exports of Portugal to Albania were Pharmaceutical products (€225k), Wadding, felt, nonwovens, twin, ropes, &... (€89.8k), Footwear (€69.4k), Miscellaneous edible preparations (€47.1k), and Mineral fuels, mineral oils and products... (€41.1k). In January 2024 the top imports of Portugal from Albania were Footwear (€67.6k), Iron or steel articles (€58.3k), Rubber & articles thereof (€21.8k), Electrical machinery and electronics (€391), and Non-knitted clothing accesories (€197).

Growth In January 2024, the increase in Portugal's year-by-year exports to Albania was explained primarily by an increase in product exports in Pharmaceutical products (€143k or 174%), Wadding, felt, nonwovens, twin, ropes, &... (€88.4k or 6.34k%), and Machinery, mechanical appliances, & parts (€24.5k or 523%). In January 2024, the increase in Portugal's year-by-year imports from Albania was explained primarily by an increase in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€204k(32.3%)

IMPORT GROWTH (January 2023 - January 2024)€26k(17.5%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Albania and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and Portugal Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $14.7M to Albania. The main products exported from Portugal to Albania were Packaged Medicaments ($4.79M), Other Electrical Machinery ($3.46M), and Tanned Equine and Bovine Hides ($996k). During the last 27 years the exports of Portugal to Albania have increased at an annualized rate of 22.2%, from $65.5k in 1995 to $14.7M in 2022.

In 2022, Albania exported $6.86M to Portugal. The main products exported from Albania to Portugal were Footwear Parts ($5.75M), Iron Stovetops ($293k), and Leather Footwear ($168k). During the last 27 years the exports of Albania to Portugal have increased at an annualized rate of 8.7%, from $721k in 1995 to $6.86M in 2022.

Exports from Portugal () to Albania () (2022)

Exports from Albania () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Albania
Top DestinationItaly$1.75B

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

In 2021, countries that imported more from Portugal than Albania were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Albania than Portugal were Greece ($421M), Montenegro ($80.8M), and North Macedonia ($101M).

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

Comparative Advantage Portugal - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Albania in the exports of Chemical Products ($4.81M), Machines ($4.41M), and Paper Goods ($1.19M).

During 2022, Albania had a large net trade with Portugal in the exports of Footwear and Headwear ($6.05M), Metals ($399k), and Mineral Products ($155k).

Service Trade

Bilateral Service Trade

In 2017, Albania exported services to Portugal worth $1.02M, with Travel ($791k) and Transportation ($226k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Albania () to Portugal () (2017)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Albania. Similarly, the more yellow a dot/product is, the more Albania has comparative advantage over Portugal.

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Albania () (2022)

Exports from Albania () to Portugal () (2022)

Market Competitiveness

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

Comparative Advantage Portugal - Albania

Service Trade

Bilateral Service Trade

Services Exports from Albania () to Portugal () (2017)

Economic Complexity

Competitive Landscape

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

Keep Exploring