2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $5.66M in 2022.

In 2017, 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 2022 to $1.77M in 2017.

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

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

Latest Data

Trade between Albania (Flag) and Norway (Flag)

Albania Exports

Norway Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Norway
Top Destination
Germany$78.1B

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

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

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

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

Comparative Advantage Albania - Norway

Flow
Scale

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

During 2022, Albania had a large net trade with Norway in the exports of Footwear and Headwear ($1.92M), Foodstuffs ($1.66M), and Textiles ($1.15M).

During 2017, Norway had a large net trade with Albania in the exports of Machines ($1.1M), Transportation ($219k), and Paper Goods ($131k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Norway+$1.12MLeather Footwear
Top Product Potential Norway Albania+$192kTelephones

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

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

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