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Pricing

2021
Flag → Flag
Exports $66kRnk 48 / 0
2021
Flag → Flag
Exports $39.4kRnk N/A / N/A
2021
Flag → Flag
Top Product $17.4kFlavored Water
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Nigeria-Albania Trade: In 2021, Nigeria exported $66k to Albania. The main products that Nigeria exported to Albania were N/A. Over the past 10 years the exports of Nigeria to Albania have increased at an annualized rate of 88.9%, from $114 in 2011 to $66k in 2021.

In 2021, Nigeria did not export any services to Albania.

Albania-Nigeria Trade: In 2021, Albania exported $39.4k to Nigeria. The main products that Albania exported to Nigeria were Flavored Water ($17.4k), Motor vehicles; parts and accessories (8701 to 8705) ($8.31k), and Iron Sewing Needles ($3.61k). Over the past 10 years the exports of Albania to Nigeria have decreased at an annualized rate of 8.3%,  from $60.7k in 2011 to $39.4k in 2021.

In 2021, Albania did not export any services to Nigeria.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and N/A in total exports (N/A). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and N/A in total exports (N/A).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Nigeria exported $66k to Albania. There were not main exports from Nigeria to Albania in 2021. During the last 10 years the exports of Nigeria to Albania have increased at an annualized rate of 88.9%, from $114 in 2011 to $66k in 2021.

In 2017, Albania exported $39.4k to Nigeria. The main products exported from Albania to Nigeria were Flavored Water ($17.4k), Motor vehicles; parts and accessories (8701 to 8705) ($8.31k), and Iron Sewing Needles ($3.61k). During the last 5 years the exports of Albania to Nigeria have decreased at an annualized rate of 8.3%, from $60.7k in 2022 to $39.4k in 2017.

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

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

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Nigeria than Albania included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Albania than Nigeria included Greece ($421M), Italy ($1.75B), and North Macedonia ($101M).

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

Comparative Advantage Nigeria - Albania

Flow
Scale

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

During 2021, Nigeria had a large net trade with Albania in the exports of .

During 2017, Albania had a large net trade with Nigeria in the exports of Foodstuffs ($17.4k), Transportation ($10.2k), and Textiles ($8.04k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Albania+$4.2kPetroleum Gas
Top Product Potential Albania Nigeria+$50.4kMotor vehicles; parts and accessories (8701 to 8705)

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

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

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