2023
Exports
$4.43MWorld Rnk 97 / 210
Flag Rnk 127 / 848
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$609MWorld Rnk 90 / 225
Flag Rnk 1 / 1119
2023
ECONOMIC COMPLEXITY of Albania
-0.33Rnk 77 / 132

About

Exports In 2023, Albania exported $4.43M in Cars, making it the 97th largest exporter of Cars in the world. At the same year, Cars was the 127th most exported product in Albania. The main destination of Cars exports from Albania are: Serbia ($2.17M), Senegal ($709k), Italy ($351k), Georgia ($156k), and Spain ($140k).

The fastest growing export markets for Cars of Albania between 2022 and 2023 were Serbia ($2.17M), Georgia ($156k), and Senegal ($149k).

Imports In 2023, Albania imported $609M in Cars, becoming the 90th largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Albania. Albania imports Cars primarily from: Germany ($200M), South Korea ($83.6M), Canada ($65.5M), United States ($43.3M), and Italy ($41.4M).

The fastest growing import markets in Cars for Albania between 2022 and 2023 were Germany ($149M), South Korea ($71.5M), and Canada ($36.1M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.43M
IMPORTS (2023)$609M
NET TRADE (2023)-$605M

In 2023, Albania exported $4.43M in Cars. The main destinations of Albania exports on Cars were Serbia ($2.17M), Senegal ($709k), Italy ($351k), Georgia ($156k), and Spain ($140k).

In 2023, Albania imported $609M in Cars, mainly from Germany ($200M), South Korea ($83.6M), Canada ($65.5M), United States ($43.3M), and Italy ($41.4M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Albania WERE (2022 - 2023):
Serbia$2.17M (1%)
Georgia$156k (1%)
Senegal$149k (26.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Albania WERE (2022 - 2023):
Italy-$610k (-63.5%)
Germany-$392k (-76.9%)
Romania-$89.7k (-70.2%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Albania's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Albania's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $1.37M
TOP IMPORT POTENTIALGermany+ $27.5M

Cars’s highest export potential is Italy. With an export gap of $1.37M.   Cars’s highest import potential is Germany with an import gap of $27.5M.

See methodology.

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