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Albania

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
0.3
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.14
0.13
0.01

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of today, Friday, April 18, 2025, the latest tariff update specifically concerning Albania involves the tariffs imposed by the United States as part of President Trump's recent trade actions. Here's a summary of the situation: US Tariffs on Albania: Baseline Tariff: Effective April 5, 2025, the United States imposed a 10% tariff on imports from most countries, including Albania. "Reciprocal Tariffs": While higher "reciprocal tariffs" were announced for countries with significant trade deficits with the U.S., Albania was not among those with higher rates. This is because, according to U.S. data, Albania imports more goods from the U.S. than it exports. Current Rate: Therefore, the current tariff rate applied by the United States on imports from Albania is 10%. This rate has been in effect since April 5, 2025, and was not subject to the 90-day pause that applied to the higher reciprocal tariffs for other nations. Impact on Albania: Modest Impact: While a 10% tariff represents a new cost for Albanian exporters to the U.S., it is considered relatively low compared to the tariffs imposed on other countries in the Western Balkans (Serbia 37%, Bosnia and Herzegovina 35%, North Macedonia 33%).   Limited Direct Trade: The direct trade volume between Albania and the U.S. is relatively small, accounting for around 2.1% of Albania's foreign trade. In 2024, Albanian exports to the U.S. were valued at approximately 7 billion lek (around €7 million), primarily consisting of iron, steel, and medicinal plants. The 10% tariff is estimated to add at least €700,000 in costs for these exporters annually.   Potential Indirect Effects: Experts suggest that the broader global trade war triggered by U.S. tariffs could indirectly impact Albania through reduced demand for European industrial products (as the EU is a major trading partner for the Western Balkans) and potentially fewer EU tourists. Potential Opportunities: Some analysts believe that the global supply chain reorganization due to higher tariffs on major economies could create opportunities for smaller countries like Albania as alternative production locations. Albania's Trade Policy: Albania has been a member of the WTO since 2000 and generally pursues a non-discriminatory and liberal commercial policy with no export taxes or quantitative restrictions.   The EU is Albania's primary trading partner, accounting for a significant portion of its total trade. Albania also has various trade agreements, including the Stabilization and Association Agreement with the EU, membership in CEFTA, and a free trade agreement with Turkey.   Albania was eligible for the U.S. Generalized System of Preferences (GSP), which allowed duty-free entry for many of its products. However, the recent blanket tariff has altered this for now.   In conclusion, the most recent update on tariffs for Albania is that a 10% tariff is currently applied by the United States on its imports, a consequence of the broader tariff policy changes implemented by the Trump administration in April 2025. While this will increase costs for Albanian exporters, the impact is less severe than for some other countries in the region and globally.

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the United States from Albania by value are: Iron and steel ($66.74 Million) - Primarily chromium products and by-products. Oil seed, oleagic fruits, grain, seed, fruits ($18.24 Million) - Includes medicinal plants and oilseeds. Articles of apparel, not knit or crocheted ($7.59 Million) Aluminum ($5.80 Million) Essential oils, perfumes, cosmetics, toiletries ($3.80 Million) Regarding which states in the U.S. can manufacture the same types of goods, here's a general overview: Iron and Steel: Pennsylvania: Has a long history of steel production.   Ohio: Also a major steel-producing state. Indiana: Significant steel manufacturing.   Illinois: Another important state for steel production.   Other states with steel manufacturing include Michigan, Alabama, and North Carolina. Oil Seed, Oleagic Fruits, Grain, Seed, Fruits (including medicinal plants): This is a broad agricultural category. The specific states that can cultivate these depend on the climate and type of plant. California: Produces a wide variety of fruits, nuts, and oilseeds. Iowa: Major producer of corn and soybeans (oilseeds).   Illinois: Also a significant producer of corn and soybeans.   Kansas: Known for wheat and grain production.   North Dakota: Produces various oilseeds like soybeans and canola.   States like Oregon, Washington, and North Carolina also cultivate specialty crops, including some medicinal plants.   Articles of apparel, not knit or crocheted: The U.S. apparel manufacturing industry has significantly declined over the decades due to globalization. However, some production still exists:   California: Has some remaining apparel manufacturing, often focused on high-end or specialty items.   New York: Particularly in New York City, there's still some garment production. North Carolina: Has a history in textiles and some remaining apparel production.   South Carolina: Also has some textile and apparel manufacturing.   Los Angeles, California remains a significant hub for fashion production.   Aluminum: Washington: Has significant primary aluminum smelting capacity due to access to hydroelectric power. Kentucky: Also has aluminum production facilities. Alabama: Has a presence in aluminum manufacturing.   Other states with aluminum production include Oregon and South Carolina. It's worth noting that the US is a net importer of aluminum, and while some states can produce it, domestic production doesn't meet the total demand.   Essential oils, perfumes, cosmetics, toiletries: California: Has a large cosmetics and personal care product manufacturing sector.   New Jersey: Also has a significant presence in this industry. Illinois: Another state with manufacturers of perfumes and cosmetics. New York: Home to many fragrance and cosmetic companies.   It's important to note that while these states have manufacturing capabilities in these sectors, the specific types, quantities, and cost-competitiveness compared to imports from Albania can vary significantly. Global supply chains are often complex, with raw materials and components sourced from various countries.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

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theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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