Albania
ECON COMPLEXITY (2018)
-0.52
RANK 90 OF 137
PRODUCT EXPORTS (2018)
$2.66B
RANK 129 OF 222
EXPORTS PER CAPITA (2018)
$929
RANK 87 OF 219
PRODUCT IMPORTS (2018)
$5.07B
RANK 131 OF 221
IMPORTS PER CAPITA (2018)
$1.77
RANK 83 of 219
SERVICE EXPORTS (2018)
$3.07B
RANK 53 OF 88
SERVICE IMPORTS (2018)
$2.28B
RANK 57 OF 88
GDP (2018)
$15.1B
CURRENT US$
RANK 122 OF 196
GDP GROWTH (2008-2018)
17.2%
CURRENT US$
RANK 132 OF 196
GDP PC (2018)
$5,269
CURRENT US$
RANK 108 OF 196
GDP PC GROWTH (2008-2018)
20.6%
CURRENT US$
RANK 102 OF 196
Overview: In 2018 Albania was the number 122 economy in the world in terms of GDP (current US$), the number 129 in total exports, the number 131 in total imports, and the number 90 most complex economy according to the Economic Complexity Index (ECI). In 2018, Albania exported $2.66B and imported $5.07B, resulting in a negative trade balance of -$2.4B. In 2018, Albania’s exports per capita were $929 and its imports per capita were $1.77k.
Trade: The top exports of Albania are Leather Footwear ($358M), Footwear Parts ($229M), Crude Petroleum ($185M), Non-Knit Men’s Suits ($123M), and Ferroalloys ($117M). The top imports of Albania are Refined Petroleum ($415M), Cars ($211M), Packaged Medicaments($146M), Tanned Equine and Bovine Hides ($110M), and Footwear Parts ($100M).
Destinations: Albania exports mostly to Italy ($1.29B), Spain ($208M), Germany ($130M), Greece ($128M), and France ($94.2M), and imports mostly from Italy ($1.55B), Greece ($481M), China ($451M), Turkey($395M), and Germany ($305M).
Location: Albania borders Greece, North Macedonia, Montenegro, and Serbia by land and Croatia and Italy by sea.
Exports
In 2018 Albania exported a total of $2.66B, making it the number 129 exporter in the world. During the last five reported years the exports of Albania have changed by -$67M from $2.73B in 2013 to $2.66B in 2018.
The most recent exports are led by Leather Footwear ($358M), Footwear Parts ($229M), Crude Petroleum ($185M), Non-Knit Men’s Suits ($123M), and Ferroalloys ($117M).
Imports
In 2018 Albania imported $5.07B, making it the number 131 trade destination in the world. During the last five reported years the imports of Albania changed by $49.2M from $5.02B in 2013 to $5.07B in 2018.
The most recent imports of Albania are led by Refined Petroleum ($415M), Cars ($211M), Packaged Medicaments ($146M), Tanned Equine and Bovine Hides ($110M), and Footwear Parts ($100M).
Trade Balance
As of 2018 Albania had a negative trade balance of $1.82B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $569M in net imports.
Destinations
The most common destination for the exports of Albania are Italy ($1.29B), Spain ($208M), Germany ($130M), Greece ($128M), and France ($94.2M).
Origins
The most common import partners for Albania are Italy ($1.55B), Greece ($481M), China ($451M), Turkey ($395M), and Germany ($305M).