2022
Exports
$120MWorld Rnk 67 / 222
Flag Rnk 7 / 837
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$98.3MWorld Rnk 96 / 225
Flag Rnk 7 / 1116
2022
ECONOMIC COMPLEXITY of Albania
-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $120M in Insulated Wire, making it the 67th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 7th most exported product in Albania. The main destination of Insulated Wire exports from Albania are: Slovakia ($48.4M), Italy ($29.3M), Czechia ($26.7M), Germany ($12.6M), and Senegal ($694k).

The fastest growing export markets for Insulated Wire of Albania between 2021 and 2022 were Italy ($14.5M), Slovakia ($8.7M), and United Kingdom ($693k).

Imports In 2022, Albania imported $98.3M in Insulated Wire, becoming the 96th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 7th most imported product in Albania. Albania imports Insulated Wire primarily from: Italy ($42.5M), Serbia ($12.3M), Germany ($11.3M), Czechia ($8.44M), and Turkey ($7.53M).

The fastest growing import markets in Insulated Wire for Albania between 2021 and 2022 were Italy ($6.83M), Spain ($2.83M), and Greece ($933k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$120M
IMPORTS (2022)$98.3M
NET TRADE (2022)$21.7M

In 2022, Albania exported $120M in Insulated Wire. The main destinations of Albania exports on Insulated Wire were Slovakia ($48.4M), Italy ($29.3M), Czechia ($26.7M), Germany ($12.6M), and Senegal ($694k).

In 2022, Albania imported $98.3M in Insulated Wire, mainly from Italy ($42.5M), Serbia ($12.3M), Germany ($11.3M), Czechia ($8.44M), and Turkey ($7.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Albania WERE (2021 - 2022):
Italy$14.5M (98.6%)
Slovakia$8.7M (21.9%)
United Kingdom$693k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Albania WERE (2021 - 2022):
Czechia-$4.94M (-15.6%)
Serbia-$2.38M (-99.6%)
Turkey-$33.8k (-13.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Insulated Wire were:
In 2022, Albania's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $14M
TOP IMPORT POTENTIALChina+ $6.5M

Insulated Wire’s highest export potential is Germany. With an export gap of $14M.   Insulated Wire’s highest import potential is China with an import gap of $6.5M.

See methodology.

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