Trade Trend

In 2023, Albania's total export value is 4.37Billion USD, total import value is 8.69Billion USD, Deficit is -4.32Billion USD, and foreign trade dependency is 0.569. In 2023，Albania's top export products are None(438.38Million USD), None(298.28Million USD), Footwear; parts of footwear; removable insoles, heel cushions and similar articles; gaiters, le.g.ings and similar articles, and parts thereof(297.97Million USD), top export destinations are Italy(1.88Billion USD), Kosovo(418.86Million USD), Greece(291.91Million USD). In 2023, Albania's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(559.43Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(476.51Million USD), None(332.01Million USD), top import origins are Italy(1.93Billion USD), China(935.61Million USD), Turkey(840.45Million USD).

Comparing to 2022, Albania's total export value increased 63.90Million USD(1.48%) in 2023, this could result from its export increases of products such as Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(25.75Million USD or 15.87%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(21.74Million USD or 68.66%), Olive oil and its fractions; whether or not refined, but not chemically modified(20.41Million USD or 1.30Thousands%) and export increases to countries/economics such as Kosovo(84.21Million USD or 25.16%), Montenegro(78.58Million USD or 117.42%), Greece(67.60Million USD or 30.14%). Comparing to 2022, Albania's total import value increased 292.92Million USD(3.49%) in 2023, this could result from its import increases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(131.98Million USD or 38.31%), Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, lightemitting diodes (LED) assembled with other LEDs or not, mounted piezoelectric crystals(23.23Million USD or 41.65%), Structures of iron or steel and parts thereof; plates, rods, angles, shapes, sections, tubes and the like, prepared for use in structures(9.12Million USD or 21.71%), and its import increases from countries/economies such as India(269.75Million USD or 364.86%), China(251.11Million USD or 36.69%), Italy(108.10Million USD or 5.93%).

Cumulated to first 7 months of 2024, Albania's total export value is 1.30Billion USD, total import value is 3.10Billion USD, and tradedeficit is -1.80Billion USD. Cumulated to first 7 months of 2024, Albania's top export products are None(123.37Million USD), Footwear; parts of footwear; removable insoles, heel cushions and similar articles; gaiters, le.g.ings and similar articles, and parts thereof(88.42Million USD), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(61.13Million USD), and top export destinations are Italy(607.21Million USD), Kosovo(99.04Million USD), Greece(89.88Million USD). Cumulated to first 7 months of 2024, Albania's top import products are None(123.37Million USD), Footwear; parts of footwear; removable insoles, heel cushions and similar articles; gaiters, le.g.ings and similar articles, and parts thereof(88.42Million USD), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(61.13Million USD), and top import origins areItaly(666.13Million USD), China(443.94Million USD), Turkey(293.95Million USD).