Albania

Albania ranked No. 163 in total trade value through May with a total of $42.29 million. Exports totaled $23.87 million and Imports totaled $18.41 million, a surplus of $5.46 million.

U.S. trade with Albania rose to $33.38 million through May

Albania’s trade with the United States rose to $33.38 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 15.93 percent below its total trade during the same time period last year. U.S. exports to Albania decreased 6.01 percent while U.S. imports from Albania fell 26.11 percent. The U.S. surplus with Albania was $4.42 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of New York; No. 3 Port of Houston; No. 4 Port of Virginia; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of New York; No. 2 Port of Newark; No. 3 Port of Houston; No. 4 Port of New Orleans and No. 5 Port of Virginia. In the current time period, the top five accounted for 57.79 percent of Albania’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 42.22 percent to $9.7 million.
    Exports fell 88.55 percent to $57,989. Imports rose 52.72 percent to $9.64 million.
  • Trade with No. 2 Port of New York fell 32.42 percent to $5.54 million.
    Exports fell 32.92 percent to $5.47 million. Imports rose 64.61 percent to $69,223.
  • Trade with No. 3 Port of Houston fell 36.77 percent to $4.16 million.
    Exports fell 35.33 percent to $3.8 million. Imports fell 48.82 percent to $360,539.
  • Trade with No. 4 Port of Virginia fell 45.74 percent to $2.65 million.
    Exports fell 30.92 percent to $1.46 million. Imports fell 57.08 percent to $1.19 million.
  • Trade with No. 5 Port of Savannah, Ga. fell 19.37 percent to $2.39 million.
    Exports fell 11.94 percent to $2.22 million. Imports fell 62.17 percent to $165,904.

Albania ranked No. 163 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 158.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Albania by value through May were the categories of Passenger vehicles; LNG, other petroleum gases; Chicken and other poultry; Pork meat, fresh, frozen or chilled; and Cell phones, related equipment, respectively. They accounted for 55.96 percent of total exports to Albania.

The value of the top five categories of U.S. imports from Albania –– Plants for pharmacy, perfume, insecticides; Ferroalloys 7202; Leather shoes; Essential oil resins; and Mattresses and other bedding products –– accounted for 66.78 percent of all inbound shipments.

Looking more closely at U.S. exports to Albania:

  • Passenger vehicles fell 28.03 percent compared to last year to $4.5 million.
  • LNG, other petroleum gases totaled $3.14 million. The previous year, there were no exports in this category.
  • Chicken and other poultry fell 44 percent compared to last year to $2.23 million.
  • Pork meat, fresh, frozen or chilled rose 26.64 percent compared to last year to $1.84 million.
  • Cell phones, related equipment fell 21.71 percent compared to last year to $1.65 million.

Looking more closely at U.S. imports from Albania:

  • Plants for pharmacy, perfume, insecticides rose 31.99 percent compared to last year to $7.69 million.
  • Ferroalloys 7202 fell 81.36 percent compared to last year to $2.1 million.
  • Leather shoes fell 38.53 percent compared to last year to $1.3 million.
  • Essential oil resins rose 3.16 percent compared to last year to $636,157.
  • Mattresses and other bedding products rose 142801 percent compared to last year to $571,604.

In the latest annual figures available, Albania recorded $142.17 million in trade with the United States. Total U.S. exports to Albania were $ 85.66 million and imports from Albania were $56.51 million. The U.S. surplus with Albania was $29.16 million.