Albania-Austria Bilateral Trade Analysis 2023
Complete trade statistics: $63.14M total volume •Albania surplus: $63.14M
Albania → Austria
$63.14M
Exports (2023)
Austria → Albania
$0
Imports (2023)
Trade Balance
$63.14M
Surplus for Albania
Total Trade
$63.14M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Albania and Austria. Green line shows exports from Albania, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Albania-Austria commercial relationship and competitive positioning in global markets.
Albania → Austria Exports
Export Market Intelligence
🎯 Strategic Export Focus
Albania's export portfolio to Austria demonstrates strategic specialization, with ferro-alloys: ferro-chromium, containing by weight more than 4% of carbon representing a key competitive advantage in this bilateral market.
Austria → Albania Imports
Import Dependency Profile
📦 Import Strategy Analysis
Albania's import pattern from Austria reveals significant dependencyin electric generating sets: (excluding those with spark-ignition or compression-ignition internal combustion piston engines), other than wind powered, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Albania demonstrates competitive strength in exportingferro-alloys: ferro-chromium, containing by weight more than 4% of carbon to Austria, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $63.14M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Albania-Austria Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $63.14 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Albania maintains a surplus of $63.14 million
- Export Focus: Albania's primary exports include ferro-alloys: ferro-chromium, containing by weight more than 4% of carbon, footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather, footwear: n.e.c. in heading no. 6403, covering the ankle, outer soles of rubber, plastics or composition leather, uppers of leather
- Import Dependencies: Key imports from Austria include electric generating sets: (excluding those with spark-ignition or compression-ignition internal combustion piston engines), other than wind powered, waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured, air conditioning machines: with motor driven fan and elements for temperature control, parts thereof
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $63.14M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Albania leveraging its comparative advantages in ferro-alloys: ferro-chromium, containing by weight more than 4% of carbon.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Albania's specialization in ferro-alloys: ferro-chromium, containing by weight more than 4% of carboncomplements Austria's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electric generating sets: (excluding those with spark-ignition or compression-ignition internal combustion piston engines), other than wind powered.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $63.14M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $63.14M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $63.14 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in ferro-alloys: ferro-chromium, containing by weight more than 4% of carbon and electric generating sets: (excluding those with spark-ignition or compression-ignition internal combustion piston engines), other than wind powered demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Albania's trade surplus of $63.14 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Albania and Austria represents a total trade volume of $63.14 million in 2023. This partnership demonstrates a favorable trade balance for Albania, with exports exceeding importsby $63.14 million.
Export Strengths
Albania's exports to Austria total $63.14 million, with competitive advantages in ferro-alloys: ferro-chromium, containing by weight more than 4% of carbon, representing $36.33M or57.5% of bilateral exports.
Import Dependencies
Imports from Austria amount to $0.00, highlighting economic interdependence in electric generating sets: (excluding those with spark-ignition or compression-ignition internal combustion piston engines), other than wind powered, with Electric generating sets: (excluding those with spark-ignition or compression-ignition internal combustion piston engines), other than wind powered comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Albania's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Albania and Austria in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023