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2022
Flag → Flag
Exports $1.77MRnk 142 / 209
2022
Flag → Flag
Top Product $463kComputers
2022
Flag → Flag
Exports $5.66MRnk 38 / 129
2022
Flag → Flag
Top Product $1.09MProcessed Crustaceans
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Norway-Albania Trade: In 2022, Norway exported $1.77M to Albania. The main products that Norway exported to Albania were Computers ($463k), Centrifuges ($227k), and Telephones ($199k). Over the past 5 years the exports of Norway to Albania have increased at an annualized rate of 0.23%, from $1.75M in 2017 to $1.77M in 2022.

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

Albania-Norway Trade: In 2022, Albania exported $5.66M to Norway. The main products that Albania exported to Norway were Processed Crustaceans ($1.09M), Leather Footwear ($986k), and Textile Footwear ($618k). Over the past 5 years the exports of Albania to Norway have increased at an annualized rate of 23.4%,  from $1.98M in 2017 to $5.66M in 2022.

In 2017, Albania exported services to Norway worth $7.68M, with Travel ($4.29M), Other business services ($1.58M), and Transportation ($1.13M) being the largest in terms of value.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK1.36M and imported NOK7.65M from Albania, resulting in a negative trade balance of NOK6.29M. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-14.5M (-91.4%) from NOK15.8M to NOK1.36M, while imports increased by NOK4.85M (173%) from NOK2.8M to NOK7.65M.

Trade In July 2024, the top exports of Norway to Albania were Office machines and automatic data-processing machines (NOK848k), Road vehicles (including air-cushion vehicles) (NOK318k), Miscellaneous edible products and preparations (NOK55k), Miscellaneous manufactured articles, n.e.s. (NOK55k), and Furniture, and parts thereof; bedding, mattresses,... (NOK11k). In July 2024 the top imports of Norway from Albania were Footwear (NOK1.93M), Articles of apparel and clothing accessories (NOK542k), Fish (not marine mammals), crustaceans, molluscs... (NOK493k), Gas, natural and manufactured (NOK203k), and Furniture, and parts thereof; bedding, mattresses,... (NOK46k).

Growth In July 2024, the decrease in Norway's year-by-year exports to Albania was explained primarily by an decrease in product exports in Telecommunications and sound-recording and reproducing apparatus... (NOK-1.93M or -100%), Road vehicles (including air-cushion vehicles) (NOK-429k or -57.4%), and Medicinal and pharmaceutical products (NOK-398k or -100%). In July 2024, the increase in Norway's year-by-year imports  from Albania was explained primarily by an increase in product imports  in Gas, natural and manufactured (NOK142k or 233%), Paper, paperboard and articles of paper... (NOK13k or 650%), and Crude animal and vegetable materials, n.e.s. (NOK11k or 367%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-14.5M(-91.4%)
IMPORT GROWTH (July 2023 - July 2024)NOK4.85M(173%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Albania and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.77M to Albania. The main products exported from Norway to Albania were Computers ($463k), Centrifuges ($227k), and Telephones ($199k). During the last 5 years the exports of Norway to Albania have increased at an annualized rate of 0.23%, from $1.75M in 2017 to $1.77M in 2022.

In 2017, Albania exported $5.66M to Norway. The main products exported from Albania to Norway were Processed Crustaceans ($1.09M), Leather Footwear ($986k), and Textile Footwear ($618k). During the last 5 years the exports of Albania to Norway have increased at an annualized rate of 23.4%, from $1.98M in 2022 to $5.66M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Norway than Albania included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Albania than Norway included North Macedonia ($101M), Montenegro ($80.8M), and Malta ($27.4M).

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

Comparative Advantage Norway - Albania

Flow
Scale

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

During 2022, Norway had a large net trade with Albania in the exports of Machines ($1.1M), Transportation ($219k), and Paper Goods ($131k).

During 2017, Albania had a large net trade with Norway in the exports of Footwear and Headwear ($1.92M), Foodstuffs ($1.66M), and Textiles ($1.15M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Albania+$192kTelephones
Top Product Potential Albania Norway+$1.12MLeather 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 Norway and Albania. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Norway.

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

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