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Pricing

2022
Flag → Flag
Exports $39.4kRnk 106 / 129
2022
Flag → Flag
Top Product $17.4kFlavored Water
2022
Flag → Flag
Exports $2.15kRnk 105 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 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$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Albania-Nigeria Trade: In 2022, 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 5 years the exports of Albania to Nigeria have decreased at an annualized rate of 8.3%, from $60.7k in 2017 to $39.4k in 2022.

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

Nigeria-Albania In N/A, Nigeria did not export any products to Albania.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $39.4k in 2022.

Nigeria does not register exports to Albania.

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

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

Latest Data

Trade between Albania (Flag) and Nigeria (Flag)

Albania Exports

Date

Market Competitiveness

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

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

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

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

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

Comparative Advantage Albania - Nigeria

Flow
Scale

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

During 2022, 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 Albania Nigeria+$50.4kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Nigeria Albania+$4.2kPetroleum Gas

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

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

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