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2022
Flag → Flag
Exports $936MRnk 57 / 219
2022
Flag → Flag
Top Product $154MRaw Iron Bars
2022
Flag → Flag
Exports $69.5MRnk 12 / 129
2022
Flag → Flag
Top Product $28.3MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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 $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Turkey-Albania Trade: In 2022, Turkey exported $936M to Albania. The main products that Turkey exported to Albania were Raw Iron Bars ($154M), Refined Petroleum ($72.5M), and Hot-Rolled Iron ($56.6M). Over the past 5 years the exports of Turkey to Albania have increased at an annualized rate of 17.6%, from $416M in 2017 to $936M in 2022.

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

Albania-Turkey Trade: In 2022, Albania exported $69.5M to Turkey. The main products that Albania exported to Turkey were Scrap Iron ($28.3M), Raw Aluminium ($4.75M), and Scrap Aluminium ($4.04M). Over the past 5 years the exports of Albania to Turkey have increased at an annualized rate of 20.9%,  from $26.9M in 2017 to $69.5M in 2022.

In 2017, Albania exported services to Turkey worth $49.6M, with Travel ($23.2M), Other business services ($19.9M), and Communications services ($2.26M) being the largest in terms of value.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkey exported $936M to Albania. The main products exported from Turkey to Albania were Raw Iron Bars ($154M), Refined Petroleum ($72.5M), and Hot-Rolled Iron ($56.6M). During the last 5 years the exports of Turkey to Albania have increased at an annualized rate of 17.6%, from $416M in 2017 to $936M in 2022.

In 2017, Albania exported $69.5M to Turkey. The main products exported from Albania to Turkey were Scrap Iron ($28.3M), Raw Aluminium ($4.75M), and Scrap Aluminium ($4.04M). During the last 5 years the exports of Albania to Turkey have increased at an annualized rate of 20.9%, from $26.9M in 2022 to $69.5M in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Albania (Flag)

Turkey Exports

Albania Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Turkey than Albania included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, no countries were registered that imported more from Albania than from Turkey.

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

Comparative Advantage Turkey - Albania

Flow
Scale

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

During 2022, Turkey had a large net trade with Albania in the exports of Metals ($324M), Textiles ($108M), and Mineral Products ($108M).

During 2017, Albania had a large net trade with Turkey in the exports of Metals ($44.2M), Machines ($8.33M), and Vegetable Products ($5.69M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Albania+$4.65MCars
Top Product Potential Albania Turkey+$4.65MScrap Iron

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

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

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