2022
Flag  
GDP
$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH
24%CURRENT US$
Rnk 113 / 186
2022
Flag
 GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC 
$18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH
37.3%CURRENT US$
Rnk 53 / 186
2022
Flag
GDP PC
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186

About

Croatia-Albania Trade: In 2022, Croatia exported $125M to Albania. The main products that Croatia exported to Albania were Refined Petroleum ($46.7M), Fish: dried, salted, smoked or in brine ($12.3M), and Petroleum Gas ($9.34M). Over the past 5 years the exports of Croatia to Albania have increased at an annualized rate of 16.3%, from $59M in 2017 to $125M in 2022.

In 2022, Croatia did not export any services to Albania.

Albania-Croatia Trade: In 2022, Albania exported $44M to Croatia. The main products that Albania exported to Croatia were Raw Iron Bars ($20.8M), Other Vegetables ($3.85M), and Aluminium Bars ($3.71M). Over the past 5 years the exports of Albania to Croatia have increased at an annualized rate of 45%,  from $6.88M in 2017 to $44M in 2022.

In 2017, Albania exported services to Croatia worth $14.7M, with Travel ($8.25M), Other business services ($5.65M), and Communications services ($339k) being the largest in terms of value.

Comparison: In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $125M to Albania. The main products exported from Croatia to Albania were Refined Petroleum ($46.7M), Fish: dried, salted, smoked or in brine ($12.3M), and Petroleum Gas ($9.34M). During the last 5 years the exports of Croatia to Albania have increased at an annualized rate of 16.3%, from $59M in 2017 to $125M in 2022.

In 2017, Albania exported $44M to Croatia. The main products exported from Albania to Croatia were Raw Iron Bars ($20.8M), Other Vegetables ($3.85M), and Aluminium Bars ($3.71M). During the last 5 years the exports of Albania to Croatia have increased at an annualized rate of 45%, from $6.88M in 2022 to $44M in 2017.

Exports from Croatia (Flag) to Albania (Flag) (2022)

Exports from Albania (Flag) to Croatia (Flag) (2022)

Latest Data

Trade between Croatia (Flag) and Albania (Flag)

Croatia Exports

Albania Exports

Market Competitiveness

Color
Croatia
Top Destination
Italy$3.44B
Albania
Top Destination
Italy$1.75B

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

In 2022, countries that imported more from Croatia than Albania included Slovenia ($2.87B), Hungary ($2.65B), and Germany ($2.82B).

In 2022, countries that imported more from Albania than Croatia included Greece ($421M), China ($164M), and Senegal ($7.9M).

Difference in imports from Albania (Flag) and Croatia (Flag) (2022)

Comparative Advantage Croatia - Albania

Flow
Scale

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

During 2022, Croatia had a large net trade with Albania in the exports of Mineral Products ($56.1M), Animal Products ($15.6M), and Machines ($12.6M).

During 2017, Albania had a large net trade with Croatia in the exports of Metals ($26.5M), Vegetable Products ($11.1M), and Animal Products ($2.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Albania+$588kPackaged Medicaments
Top Product Potential Albania Croatia+$423kLeather Footwear

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 Croatia and Albania. This means that a dot/product with the flag of Croatia indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Croatia.

Product Space of Croatia (Flag) and Albania (Flag) (2022)

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