2022
Exports
$5.48MWorld Rnk 91 / 221
Flag Rnk 100 / 837
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$23.7MWorld Rnk 120 / 224
Flag Rnk 75 / 1116
2022
ECONOMIC COMPLEXITY of Albania
-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $5.48M in Excavation Machinery, making it the 91st largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 100th most exported product in Albania. The main destination of Excavation Machinery exports from Albania are: Italy ($4.61M), France ($378k), United Kingdom ($132k), Greece ($113k), and Netherlands ($64.9k).

The fastest growing export markets for Excavation Machinery of Albania between 2021 and 2022 were Italy ($1.08M), United Kingdom ($132k), and Netherlands ($53.4k).

Imports In 2022, Albania imported $23.7M in Excavation Machinery, becoming the 120th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 75th most imported product in Albania. Albania imports Excavation Machinery primarily from: United Kingdom ($4.94M), Italy ($4.82M), Germany ($3.91M), China ($3.37M), and Turkey ($2.22M).

The fastest growing import markets in Excavation Machinery for Albania between 2021 and 2022 were United Kingdom ($4.84M), Germany ($3.61M), and China ($2.22M).

Latest Trends

Oct 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 Excavation Machinery. 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 (2022)$5.48M
IMPORTS (2022)$23.7M
NET TRADE (2022)-$18.2M

In 2022, Albania exported $5.48M in Excavation Machinery. The main destinations of Albania exports on Excavation Machinery were Italy ($4.61M), France ($378k), United Kingdom ($132k), Greece ($113k), and Netherlands ($64.9k).

In 2022, Albania imported $23.7M in Excavation Machinery, mainly from United Kingdom ($4.94M), Italy ($4.82M), Germany ($3.91M), China ($3.37M), and Turkey ($2.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Albania WERE (2021 - 2022):
Italy$1.08M (30.5%)
United Kingdom$132k (1%)
Netherlands$53.4k (465%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Albania WERE (2021 - 2022):
France-$206k (-35.3%)
United States-$104k (-100%)
China-$49.5k (-60.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Excavation Machinery were:
In 2022, Albania's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $977k
TOP IMPORT POTENTIALChina+ $2.91M

Excavation Machinery’s highest export potential is Italy. With an export gap of $977k.   Excavation Machinery’s highest import potential is China with an import gap of $2.91M.

See methodology.

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