U.S.-Albania Trade Exchange Reached a Record in 2024

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In 2024, Albania and the United States exchanged goods worth 270 million euros. This figure shows that trade links beyond the continent have strengthened in recent decades.

Looking back in time, trade was valued at around 40 million euros in 2004 and 150 million euros in 2014. The doubling of trade in 10 years has been driven by imports, with the US supplying three times the value of goods, mostly in the form of machinery, spare parts, food, minerals, and chemicals. Meanwhile, Albania exports mainly construction materials, metals, and food.

Strong ties in foreign policy have also influenced the expansion of investments, particularly in the energy and infrastructure sectors. Over the years, the stock of investments has progressively increased from 293 million euros in 2014 to 1.2 billion euros in 2024.

The American business presence in Albania is well-established and is represented and protected by the American Chamber of Commerce. This chamber has 260 active members, who generate an annual turnover of nearly 25% of the country’s GDP and employ 40,000 individuals.

 

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