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Pricing

2022
Flag → Flag
Exports $549kRnk 68 / 129
2022
Flag → Flag
Top Product $436kElectric Generating Sets
2022
Flag → Flag
Exports $6.74MRnk 89 / 194
2022
Flag → Flag
Top Product $6.12MTea
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Albania-Sri Lanka Trade: In 2022, Albania exported $549k to Sri Lanka. The main products that Albania exported to Sri Lanka were Electric Generating Sets ($436k), Perfume Plants ($50.2k), and Petroleum Gas ($36.3k). Over the past 6 years the exports of Albania to Sri Lanka have increased at an annualized rate of 31.5%, from $106k in 2016 to $549k in 2022.

In 2022, Albania did not export any services to Sri Lanka.

Sri Lanka-Albania Trade: In 2022, Sri Lanka exported $6.74M to Albania. The main products that Sri Lanka exported to Albania were Tea ($6.12M), Refined Petroleum ($409k), and Other Edible Preparations ($107k). Over the past 6 years the exports of Sri Lanka to Albania have decreased at an annualized rate of 5.4%,  from $9.4M in 2016 to $6.74M in 2022.

In 2022, Sri Lanka did not export any services to Albania.

Comparison: In 2022,  Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $549k to Sri Lanka. The main products exported from Albania to Sri Lanka were Electric Generating Sets ($436k), Perfume Plants ($50.2k), and Petroleum Gas ($36.3k). During the last 6 years the exports of Albania to Sri Lanka have increased at an annualized rate of 31.5%, from $106k in 2016 to $549k in 2022.

In 2017, Sri Lanka exported $6.74M to Albania. The main products exported from Sri Lanka to Albania were Tea ($6.12M), Refined Petroleum ($409k), and Other Edible Preparations ($107k). During the last 5 years the exports of Sri Lanka to Albania have decreased at an annualized rate of 5.4%, from $9.4M in 2022 to $6.74M in 2017.

Exports from Albania (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Albania (Flag) (2022)

Latest Data

Trade between Albania (Flag) and Sri Lanka (Flag)

Sri Lanka Exports

Date

Market Competitiveness

Color
Albania
Top DestinationItaly$1.75B
Sri Lanka
Top DestinationUnited States$3.52B

This map shows whether countries import more from Albania or Sri Lanka. Each country is colored based on the difference in imports they receive from Albania and Sri Lanka or the difference in the growth in imports.

In 2022, countries that imported more from Albania than Sri Lanka included Italy ($1.75B), Greece ($421M), and Spain ($309M).

In 2022, countries that imported more from Sri Lanka than Albania included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

Difference in imports from Sri Lanka (Flag) and Albania (Flag) (2022)

Comparative Advantage Albania - Sri Lanka

Flow
Scale

This chart compares trade between Albania and Sri Lanka by product, considering products traded by both, Albania and Sri Lanka.

During 2022, Albania had a large net trade with Sri Lanka in the exports of Machines ($449k), Vegetable Products ($62.8k), and Mineral Products ($36.3k).

During 2017, Sri Lanka had a large net trade with Albania in the exports of Vegetable Products ($6.19M), Mineral Products ($409k), and Foodstuffs ($129k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Sri Lanka+$2.66kRefined Petroleum
Top Product Potential Sri Lanka Albania+$1.88kKnit T-shirts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Albania and Sri Lanka. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Sri Lanka. Similarly, a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Albania.

Product Space of Albania (Flag) and Sri Lanka (Flag) (2022)

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