2023
Exports
$4.78MWorld Rnk 110 / 214
Flag Rnk 118 / 848
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$237MWorld Rnk 103 / 226
Flag Rnk 3 / 1119
2023
ECONOMIC COMPLEXITY of Albania
-0.33Rnk 77 / 132

About

Exports In 2023, Albania exported $4.78M in Packaged Medicaments, making it the 110th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 118th most exported product in Albania. The main destination of Packaged Medicaments exports from Albania are: Serbia ($3.83M), North Macedonia ($489k), Senegal ($99.7k), Azerbaijan ($78.3k), and Uganda ($68.3k).

The fastest growing export markets for Packaged Medicaments of Albania between 2022 and 2023 were Serbia ($3.83M), North Macedonia ($207k), and Azerbaijan ($78.3k).

Imports In 2023, Albania imported $237M in Packaged Medicaments, becoming the 103rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most imported product in Albania. Albania imports Packaged Medicaments primarily from: Germany ($39.7M), Italy ($37.3M), Turkey ($30.2M), Slovenia ($21.8M), and France ($14.5M).

The fastest growing import markets in Packaged Medicaments for Albania between 2022 and 2023 were Germany ($36.8M), Slovenia ($13.9M), and Italy ($12.4M).

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 Packaged Medicaments. 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)$4.78M
IMPORTS (2023)$237M
NET TRADE (2023)-$232M

In 2023, Albania exported $4.78M in Packaged Medicaments. The main destinations of Albania exports on Packaged Medicaments were Serbia ($3.83M), North Macedonia ($489k), Senegal ($99.7k), Azerbaijan ($78.3k), and Uganda ($68.3k).

In 2023, Albania imported $237M in Packaged Medicaments, mainly from Germany ($39.7M), Italy ($37.3M), Turkey ($30.2M), Slovenia ($21.8M), and France ($14.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Albania WERE (2022 - 2023):
Serbia$3.83M (1%)
North Macedonia$207k (73.3%)
Azerbaijan$78.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Albania WERE (2022 - 2023):
Ecuador-$180k (-100%)
Italy-$160k (-97.8%)
Turkey-$129k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Albania's main exporting competitors in Packaged Medicaments were:
In 2023, Albania's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $395k
TOP IMPORT POTENTIALGermany+ $15.6M

Packaged Medicaments’s highest export potential is Italy. With an export gap of $395k.   Packaged Medicaments’s highest import potential is Germany with an import gap of $15.6M.

See methodology.

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