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2022
Flag → Flag
Exports $17.7MRnk 116 / 217
2022
Flag → Flag
Top Product $4.11MPetroleum Gas
2022
Flag → Flag
Exports $46.3MRnk 17 / 129
2022
Flag → Flag
Top Product $34.8MProcessed Crustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Sweden-Albania Trade: In 2022, Sweden exported $17.7M to Albania. The main products that Sweden exported to Albania were Petroleum Gas ($4.11M), Sawn Wood ($2.62M), and Tractors ($1.69M). Over the past 5 years the exports of Sweden to Albania have increased at an annualized rate of 18.7%, from $7.51M in 2017 to $17.7M in 2022.

In 2001, Sweden exported services to Albania worth $1.14M, with Other business services ($1.05M) and Insurance services ($95.2k) being the largest in terms of value.

Albania-Sweden Trade: In 2022, Albania exported $46.3M to Sweden. The main products that Albania exported to Sweden were Processed Crustaceans ($34.8M), Ferroalloys ($8.95M), and Petroleum Gas ($1.1M). Over the past 5 years the exports of Albania to Sweden have increased at an annualized rate of 20.3%,  from $18.4M in 2017 to $46.3M in 2022.

In 2017, Albania exported services to Sweden worth $9.6M, with Travel ($7.91M), Transportation ($1.13M), and Other business services ($452k) being the largest in terms of value.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK7.34M and imported SEK24.1M from Albania, resulting in a negative trade balance of SEK16.8M. Between July 2023 and July 2024 the exports of Sweden have increased by SEK2.64M (56.1%) from SEK4.7M to SEK7.34M, while imports decreased by SEK-11.9M (-33.1%) from SEK36M to SEK24.1M.

Trade In July 2024, the top exports of Sweden to Albania were Liquid Pumps (SEK5.62M), Sawn Wood (SEK2.5M), Uncoated Paper (SEK1.82M), Blank Audio Media (SEK900k), and Flat Flat-Rolled Steel (SEK715k). In July 2024 the top imports of Sweden from Albania were Processed Crustaceans (SEK8.59M), Ferroalloys (SEK4.21M), Pickled Foods (SEK243k), Cabbages (SEK117k), and Tomatoes (SEK65k).

Growth In July 2024, the increase in Sweden's year-by-year exports to Albania was explained primarily by an increase in product exports in Liquid Pumps (SEK5.6M or 28k%), Sawn Wood (SEK1.14M or 84%), and Uncoated Paper (SEK898k or 97.5%). In July 2024, the decrease in Sweden's year-by-year imports  from Albania was explained primarily by an decrease in product imports  in Processed Crustaceans (SEK-9.24M or -51.8%), Cabbages (SEK-85k or -42.1%), and Citrus (SEK-31k or -40.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK2.64M(56.1%)
IMPORT GROWTH (July 2023 - July 2024)SEK-11.9M(-33.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Albania and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $17.7M to Albania. The main products exported from Sweden to Albania were Petroleum Gas ($4.11M), Sawn Wood ($2.62M), and Tractors ($1.69M). During the last 5 years the exports of Sweden to Albania have increased at an annualized rate of 18.7%, from $7.51M in 2017 to $17.7M in 2022.

In 2017, Albania exported $46.3M to Sweden. The main products exported from Albania to Sweden were Processed Crustaceans ($34.8M), Ferroalloys ($8.95M), and Petroleum Gas ($1.1M). During the last 5 years the exports of Albania to Sweden have increased at an annualized rate of 20.3%, from $18.4M in 2022 to $46.3M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Sweden than Albania included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Albania than Sweden included Montenegro ($80.8M), North Macedonia ($101M), and Sao Tome and Principe ($21.5k).

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

Comparative Advantage Sweden - Albania

Flow
Scale

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

During 2022, Sweden had a large net trade with Albania in the exports of Mineral Products ($4.14M), Machines ($3.82M), and Transportation ($2.93M).

During 2017, Albania had a large net trade with Sweden in the exports of Foodstuffs ($34.9M), Metals ($9.22M), and Mineral Products ($1.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Albania+$1.6MCars
Top Product Potential Albania Sweden+$3.13MFerroalloys

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

Product Space of Sweden (Flag) and Albania (Flag) (2022)

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