Albania is a small nation in Southeastern Europe bordering the Adriatic and Ionian seas and sharing land boundaries with Greece, Macedonia, Kosovo, and Montenegro. The country maintains a large trade deficit driven by imports of mineral fuels and high value-added goods. Exports meanwhile, which are mainly comprised of mineral fuels, oil, metals, and apparel, are reliant upon a small number of European markets, namely Italy. As such, Albania is vulnerable to the economic and political fluctuations of a few select trading partners. A member of the WTO, Albania is also a signatory to the Central European Free Trade Agreement. Moreover, trade relations are being enhanced through a Stabilization and Association Agreement with Europe, of which Albania is a candidate country. Despite achieving some of the strongest growth in Southeastern Europe, Albanian trade is still hampered by limited financial access, underdeveloped transport and energy infrastructure, and cumbersome regulatory and business environments.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.