2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 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 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 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

Singapore-Albania Trade: In 2023, Singapore exported $4.97M to Albania. The main products that Singapore exported to Albania were Styrene Polymers ($2.53M), Margarine ($572k), and Other Vinyl Polymers ($514k). Over the past 5 years the exports of Singapore to Albania have increased at an annualized rate of 31.2%, from $1.28M in 2018 to $4.97M in 2023.

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

Albania-Singapore Trade: In 2023, Albania exported $13.3M to Singapore. The main products that Albania exported to Singapore were Seats ($11.8M), Leather Footwear ($330k), and Non-Knit Women's Suits ($160k). Over the past 5 years the exports of Albania to Singapore have increased at an annualized rate of 44.3%,  from $1.03M in 2018 to $13.3M in 2023.

In 2017, Albania exported services to Singapore worth $565k, with Travel ($226k), Communications services ($226k), and Other business services ($113k) being the largest in terms of value.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $4.97M to Albania. The main products exported from Singapore to Albania were Styrene Polymers ($2.53M), Margarine ($572k), and Other Vinyl Polymers ($514k). During the last 5 years the exports of Singapore to Albania have increased at an annualized rate of 31.2%, from $1.28M in 2018 to $4.97M in 2023.

In 2018, Albania exported $13.3M to Singapore. The main products exported from Albania to Singapore were Seats ($11.8M), Leather Footwear ($330k), and Non-Knit Women's Suits ($160k). During the last 5 years the exports of Albania to Singapore have increased at an annualized rate of 44.3%, from $1.03M in 2023 to $13.3M in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Albania (Flag)

Singapore Exports

Albania Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
Albania
Top Destination
Italy$1.72B

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

In 2023, countries that imported more from Singapore than Albania included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

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

Comparative Advantage Singapore - Albania

Flow
Scale

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

During 2023, Singapore had a large net trade with Albania in the exports of Plastics and Rubbers ($3.05M), Animal and Vegetable Bi-Products ($708k), and Machines ($560k).

During 2018, Albania had a large net trade with Singapore in the exports of Miscellaneous ($11.8M), Textiles ($855k), and Footwear and Headwear ($408k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Albania+$203kRefined Petroleum
Top Product Potential Albania Singapore+$392kLeather Footwear

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

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

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

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