Policy Note on Strengthening Albania’s Trade Competitiveness
As a small transition economy, Albania has achieved significant progress, and the average year-to-year growth rate of trade from 2000 to 2017 has outperformed the world average reaching almost eleven percent. Yet, Albanian exports are very concentr...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/883671591192098819/Policy-Note-on-Strengthening-Albania-s-Trade-Competitiveness http://hdl.handle.net/10986/33892 |
| Summary: | As a small transition economy, Albania
has achieved significant progress, and the average
year-to-year growth rate of trade from 2000 to 2017 has
outperformed the world average reaching almost eleven
percent. Yet, Albanian exports are very concentrated in
terms of market destinations and product varieties. Green
shoots in a range of export industries illustrate that
Albania has the potential to further leverage international
trade. Despite its small size, Albania has become one of the
top twenty exporters of tomatoes in the world, and one of
the most attracting touristic destinations in Europe.
However, the price gap it receives on exported tomatoes
compared to competitors is still significant, which points
towards unexploited potential. Adopting the necessary
measures to close this price gap will have a great impact
for the tomato producers and exporters. Future work on trade
competitiveness will build and expand on these dimensions
using firm level data, and input-output data for a deeper
understanding of Albanian insertion in global value chains (GVCs). |
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