Albania-Bulgaria Bilateral Trade Analysis 2023
Complete trade statistics: $186.69M total volume •Albania deficit: $83.19M
Albania → Bulgaria
$51.75M
Exports (2023)
Bulgaria → Albania
$134.94M
Imports (2023)
Trade Balance
$83.19M
Deficit for Albania
Total Trade
$186.69M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Albania and Bulgaria. 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-Bulgaria commercial relationship and competitive positioning in global markets.
Albania → Bulgaria Exports
Export Market Intelligence
🎯 Strategic Export Focus
Albania's export portfolio to Bulgaria demonstrates strategic specialization, with petroleum gases and other gaseous hydrocarbons: liquefied, propane representing a key competitive advantage in this bilateral market.
Bulgaria → Albania Imports
Import Dependency Profile
📦 Import Strategy Analysis
Albania's import pattern from Bulgaria reveals significant dependencyin food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Albania demonstrates competitive strength in exportingpetroleum gases and other gaseous hydrocarbons: liquefied, propane to Bulgaria, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $186.69M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Albania-Bulgaria Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $186.69 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Albania maintains a deficit of $83.19 million
- Export Focus: Albania's primary exports include petroleum gases and other gaseous hydrocarbons: liquefied, propane, copper: waste and scrap, iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
- Import Dependencies: Key imports from Bulgaria include food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products, aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803, food preparations: rusks, toasted bread and similar toasted products, whether or not containing cocoa
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 $186.69M 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 petroleum gases and other gaseous hydrocarbons: liquefied, propane.
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 petroleum gases and other gaseous hydrocarbons: liquefied, propanecomplements Bulgaria's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $186.69M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $186.69M 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 $186.69 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum gases and other gaseous hydrocarbons: liquefied, propane and food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Albania's trade deficit of $83.19 million impacts 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 Bulgaria represents a total trade volume of $186.69 million in 2023. This partnership demonstrates an unfavorable trade balance for Albania, with imports exceeding exportsby $83.19 million.
Export Strengths
Albania's exports to Bulgaria total $51.75 million, with competitive advantages in petroleum gases and other gaseous hydrocarbons: liquefied, propane, representing $8.98M or17.4% of bilateral exports.
Import Dependencies
Imports from Bulgaria amount to $134.94 million, highlighting economic interdependence in food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products, with Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products comprising8.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Albania's strategic sourcing from Bulgaria. 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 Bulgaria in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023