United Kingdom (GBR) and Albania (ALB) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Albania (ALB) Trade

2022

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Exports $41.2MRnk 129 / 224

2022

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About

United Kingdom-Albania In 2022, United Kingdom exported $41.2M to Albania. The main products that United Kingdom exported to Albania are Excavation Machinery ($4.94M), Surveying Equipment ($3.83M), and Oscilloscopes ($2.24M). During the last 27 years the exports of United Kingdom to Albania have increased at an annualized rate of 4.97%, from $11.1M in 1995 to $41.2M in 2022.

In 2003, United Kingdom exported services to Albania worth $1.83M, with Travel ($1.83M) being the largest in terms of value.

Albania-United Kingdom In 2022, Albania exported $46.5M to United Kingdom. The main products that Albania exported to United Kingdom were Leather Footwear ($15M), Non-Knit Men's Coats ($2.35M), and Ferroalloys ($2.14M). During the last 27 years the exports of Albania to United Kingdom have increased at an annualized rate of 15.3%, from $1M in 1995 to $46.5M in 2022.

In 2017, Albania exported services to United Kingdom worth $87.6M, with Travel ($44.4M), Other business services ($23.6M), and Transportation ($10.4M) being the largest in terms of value.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

February, 2024

About

Overview In February 2024, United Kingdom exported £2.38M and imported £916k from Albania, resulting in a positive trade balance of £1.46M. Between February 2023 and February 2024 the exports of United Kingdom have decreased by £-2.89M (-54.8%) from £5.27M to £2.38M, while imports decreased by £-3.83M (-80.7%) from £4.74M to £916k.

Trade In February 2024, the top exports of United Kingdom to Albania were Large Construction Vehicles (£232k), Leather of Other Animals (£187k), Broadcasting Accessories (£162k), Electric Generating Sets (£111k), and Flavored Water (£101k). In February 2024 the top imports of United Kingdom from Albania were Excavation Machinery (£1.5M), Surveying Equipment (£1.28M), Oscilloscopes (£800k), Leather Footwear (£484k), and Other Measuring Instruments (£178k).

Origins In February 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£1.44M), Felixstowe (£240k), London Heathrow Airport (£180k), East Midlands Airport (£122k), and London Stansted Airport (£94.7k), while imports destinations were mainly Dover (£253k), Aberdeen (£182k), Dover Eurotunnel (£115k), and Immingham (£101k).

Growth In February 2024, the decrease in United Kingdom's year-by-year exports to Albania was explained primarily by an decrease in product exports in Beer (£-20.1k or -49%), Other Edible Preparations (£-18.6k or -80.7%), and Engine Parts (£-17.9k or -77%). In February 2024, the decrease in United Kingdom's year-by-year imports from Albania was explained primarily by an decrease in product imports in Commodities not elsewhere specified (£-75.9k or -88.7%), Ferroalloys (£-29.7k or -30.7%), and Mattresses (£-1.49k or -9.45%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-2.89M(-54.8%)

IMPORT GROWTH (February 2023 - February 2024)£-3.83M(-80.7%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£1.44M

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

To check Albania and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $41.2M to Albania. The main products exported from United Kingdom to Albania were Excavation Machinery ($4.94M), Surveying Equipment ($3.83M), and Oscilloscopes ($2.24M). During the last 27 years the exports of United Kingdom to Albania have increased at an annualized rate of 4.97%, from $11.1M in 1995 to $41.2M in 2022.

In 2022, Albania exported $46.5M to United Kingdom. The main products exported from Albania to United Kingdom were Leather Footwear ($15M), Non-Knit Men's Coats ($2.35M), and Ferroalloys ($2.14M). During the last 27 years the exports of Albania to United Kingdom have increased at an annualized rate of 15.3%, from $1M in 1995 to $46.5M in 2022.

Exports from United Kingdom () to Albania () (2022)

Exports from Albania () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Albania
Top DestinationItaly$1.75B

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

In 2021, countries that imported more from United Kingdom than Albania were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Albania than United Kingdom were Montenegro ($80.8M).

Difference in imports from Albania () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Albania in the exports of Machines ($15.8M), Instruments ($7.35M), and Foodstuffs ($4.82M).

During 2022, Albania had a large net trade with United Kingdom in the exports of Footwear and Headwear ($18.7M), Textiles ($15.6M), and Metals ($3.63M).

Service Trade

Bilateral Service Trade

In 2003, United Kingdom exported services to Albania worth $1.83M, with Travel ($1.83M) being the largest in terms of value.

In 2017, Albania exported services to United Kingdom worth $87.6M, with Travel ($44.4M), Other business services ($23.6M), and Transportation ($10.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Albania () (2003)

Services Exports from Albania () to United Kingdom () (2017)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Albania. Similarly, the more yellow a dot/product is, the more Albania has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Albania () (2022)

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