Albania-Spain Bilateral Trade Analysis 2023
Complete trade statistics: $320.85M total volume •Albania surplus: $91.92M
Albania → Spain
$206.39M
Exports (2023)
Spain → Albania
$114.47M
Imports (2023)
Trade Balance
$91.92M
Surplus for Albania
Total Trade
$320.85M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Albania and Spain. 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-Spain commercial relationship and competitive positioning in global markets.
Albania → Spain Exports
Export Market Intelligence
🎯 Strategic Export Focus
Albania's export portfolio to Spain demonstrates strategic specialization, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Spain → Albania Imports
Import Dependency Profile
📦 Import Strategy Analysis
Albania's import pattern from Spain reveals significant dependencyin ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Albania demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Spain, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $320.85M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Albania-Spain Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $320.85 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Albania maintains a surplus of $91.92 million
- Export Focus: Albania's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, fish fillets: dried, salted or in brine, but not smoked, n.e.c. in item no. 0305.3, fish preparations: anchovies, prepared or preserved, whole or in pieces (but not minced)
- Import Dependencies: Key imports from Spain include ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%, 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, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
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 $320.85M 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 oils: petroleum oils and oils obtained from bituminous minerals, crude.
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 oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Spain's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $320.85M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $320.85M 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 $320.85 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5% demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Albania's trade surplus of $91.92 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 Spain represents a total trade volume of $320.85 million in 2023. This partnership demonstrates a favorable trade balance for Albania, with exports exceeding importsby $91.92 million.
Export Strengths
Albania's exports to Spain total $206.39 million, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $178.35M or86.4% of bilateral exports.
Import Dependencies
Imports from Spain amount to $114.47 million, highlighting economic interdependence in ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%, with Ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5% comprising18.4% 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 Spain in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023