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2022
Flag → Flag
Exports $14.7MRnk 107 / 208
2022
Flag → Flag
Top Product $4.79MPackaged Medicaments
2022
Flag → Flag
Exports $6.86MRnk 37 / 129
2022
Flag → Flag
Top Product $5.75MFootwear Parts
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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 $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Portugal-Albania Trade: In 2022, Portugal exported $14.7M to Albania. The main products that Portugal exported to Albania were Packaged Medicaments ($4.79M), Other Electrical Machinery ($3.46M), and Tanned Equine and Bovine Hides ($996k). Over the past 5 years the exports of Portugal to Albania have increased at an annualized rate of 8.18%, from $9.9M in 2017 to $14.7M in 2022.

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

Albania-Portugal Trade: In 2022, Albania exported $6.86M to Portugal. The main products that Albania exported to Portugal were Footwear Parts ($5.75M), Iron Stovetops ($293k), and Leather Footwear ($168k). Over the past 5 years the exports of Albania to Portugal have increased at an annualized rate of 82.9%,  from $335k in 2017 to $6.86M in 2022.

In 2017, Albania exported services to Portugal worth $1.02M, with Travel ($791k) and Transportation ($226k) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €1.23M and imported €296k from Albania, resulting in a positive trade balance of €938k. Between June 2023 and June 2024 the exports of Portugal have increased by €838k (212%) from €396k to €1.23M, while imports decreased by €-309k (-51.1%) from €605k to €296k.

Trade In June 2024, the top exports of Portugal to Albania were Pharmaceutical products (€225k), Wadding, felt, nonwovens, twin, ropes, &... (€89.8k), Footwear (€69.4k), Miscellaneous edible preparations (€47.1k), and Mineral fuels, mineral oils and products... (€41.1k). In June 2024 the top imports of Portugal from Albania were Footwear (€67.6k), Iron or steel articles (€58.3k), Rubber & articles thereof (€21.8k), Electrical machinery and electronics (€391), and Non-knitted clothing accesories (€197).

Growth In June 2024, the increase in Portugal's year-by-year exports to Albania was explained primarily by an increase in product exports in Pharmaceutical products (€143k or 174%), Wadding, felt, nonwovens, twin, ropes, &... (€88.4k or 6.34k%), and Machinery, mechanical appliances, & parts (€24.5k or 523%). In June 2024, the decrease in Portugal's year-by-year imports  from Albania was explained primarily by an decrease in product imports  in Footwear (€-376k or -84.7%), Raw hides & skin (non-fur) (€-1.18k or -98.9%), and Knitted clothing accesories (€-243 or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€838k(212%)
IMPORT GROWTH (June 2023 - June 2024)€-309k(-51.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Albania and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $14.7M to Albania. The main products exported from Portugal to Albania were Packaged Medicaments ($4.79M), Other Electrical Machinery ($3.46M), and Tanned Equine and Bovine Hides ($996k). During the last 5 years the exports of Portugal to Albania have increased at an annualized rate of 8.18%, from $9.9M in 2017 to $14.7M in 2022.

In 2017, Albania exported $6.86M to Portugal. The main products exported from Albania to Portugal were Footwear Parts ($5.75M), Iron Stovetops ($293k), and Leather Footwear ($168k). During the last 5 years the exports of Albania to Portugal have increased at an annualized rate of 82.9%, from $335k in 2022 to $6.86M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Portugal than Albania included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Albania than Portugal included Greece ($421M), Montenegro ($80.8M), and North Macedonia ($101M).

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

Comparative Advantage Portugal - Albania

Flow
Scale

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

During 2022, Portugal had a large net trade with Albania in the exports of Chemical Products ($4.81M), Machines ($4.41M), and Paper Goods ($1.19M).

During 2017, Albania had a large net trade with Portugal in the exports of Footwear and Headwear ($6.05M), Metals ($399k), and Mineral Products ($155k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Albania+$1.16MPackaged Medicaments
Top Product Potential Albania Portugal+$980kFootwear Parts

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

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

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