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Albania’s top 10 exports accounted for almost three-quarters (73.5%) of the overall value of its global shipments. Ores, slag and ash was the fastest grower among the top 10 export categories, up by 54.2% from 2021 to 2022. In second place for improving export sales was mineral fuels including oil via a 50.6% advance, led by electrical energy ...
In 2022, Albania exported a total of $4.3B, making it the number 131 exporter in the world. During the last five reported years the exports of Albania have changed by $1.75B from $2.55B in 2017 to $4.3B in 2022. The most recent exports are led by Ferroalloys ($450M), Footwear Parts ($323M), Electricity ($287M), Crude Petroleum ($280M), and ...
Dec 11, 2019 · Afterward, the country’s economy transitioned into a free-market. Today, Albania is among the world’s leading producer and exporter of chromium, copper, nickel, and coal. Albania’s Gross Domestic Product (GDP) as of December 2016 was growing at 2.8%, had a trade balance of -9.7%, and the unemployment rate standing at 14.7%.
The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market. Albania's economy is based on the service (54.1%), agriculture (21.7%), and industrial (24.2%) sectors. [3] The country has some natural resources, and the economy is mainly bolstered by ...
Oct 8, 2021 · Market Overview. Albania is an upper middle-income country with a gross domestic product (GDP) per capita of USD 5,286 (2020 IMF estimate) and a population of approximately 2.9 million people. The IMF estimates that Albania’s economy contracted by 3.5% in 2020, due to the combined effect of the COVID-19 pandemic and the November 2019 earthquake.
Merchandise Trade summary statistics data for Albania (ALB) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2020
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All Countries and Economies. Country. Most Recent Year. Most Recent Value. (Millions) Exports of goods and services (current US$) - Albania from The World Bank: Data.
