Albania-Italy Bilateral Trade Analysis 2023
Complete trade statistics: $3.67B total volume •Albania deficit: $176.76M
Albania → Italy
$1.75B
Exports (2023)
Italy → Albania
$1.92B
Imports (2023)
Trade Balance
$176.76M
Deficit for Albania
Total Trade
$3.67B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Albania and Italy. 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-Italy commercial relationship and competitive positioning in global markets.
Albania → Italy Exports
Export Market Intelligence
🎯 Strategic Export Focus
Albania's export portfolio to Italy demonstrates strategic specialization, with footwear: parts, uppers and parts thereof, other than stiffeners representing a key competitive advantage in this bilateral market.
Italy → Albania Imports
Import Dependency Profile
📦 Import Strategy Analysis
Albania's import pattern from Italy reveals strategic sourcingin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Albania demonstrates competitive strength in exportingfootwear: parts, uppers and parts thereof, other than stiffeners to Italy, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $3.67B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Albania-Italy Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $3.67 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Albania maintains a deficit of $176.76 million
- Export Focus: Albania's primary exports include footwear: parts, uppers and parts thereof, other than stiffeners, footwear: parts, n.e.c. in heading 6406, footwear: with metal toe-cap, outer soles of rubber, plastics, leather or composition leather, uppers of leather
- Import Dependencies: Key imports from Italy include 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, footwear: parts, n.e.c. in heading 6406, insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors
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 $3.67B 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 footwear: parts, uppers and parts thereof, other than stiffeners.
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 footwear: parts, uppers and parts thereof, other than stiffenerscomplements Italy's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in 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.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $3.67B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $3.67B 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 $3.67 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in footwear: parts, uppers and parts thereof, other than stiffeners and 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 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Albania's trade deficit of $176.76 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 Italy represents a total trade volume of $3.67 billion in 2023. This partnership demonstrates an unfavorable trade balance for Albania, with imports exceeding exportsby $176.76 million.
Export Strengths
Albania's exports to Italy total $1.75 billion, with competitive advantages in footwear: parts, uppers and parts thereof, other than stiffeners, representing $183.60M or10.5% of bilateral exports.
Import Dependencies
Imports from Italy amount to $1.92 billion, highlighting economic interdependence in 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, with 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 comprising2.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Albania's strategic sourcing from Italy. 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 Italy in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023