2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
 GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186
2022
Flag
GDP PC
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186

About

Romania-Albania Trade: In 2022, Romania exported $144M to Albania. The main products that Romania exported to Albania were Refined Petroleum ($68.4M), Cleaning Products ($4.12M), and Bovine ($3.92M). Over the past 5 years the exports of Romania to Albania have increased at an annualized rate of 12.2%, from $81.1M in 2017 to $144M in 2022.

In 2022, Romania did not export any services to Albania.

Albania-Romania Trade: In 2022, Albania exported $38.5M to Romania. The main products that Albania exported to Romania were Non-Knit Men's Suits ($7.85M), Footwear Parts ($5.79M), and Other Furniture ($4.38M). Over the past 5 years the exports of Albania to Romania have decreased at an annualized rate of 0.99%,  from $40.5M in 2017 to $38.5M in 2022.

In 2017, Albania exported services to Romania worth $12.1M, with Travel ($7.79M), Other business services ($2.49M), and Transportation ($1.02M) being the largest in terms of value.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $144M to Albania. The main products exported from Romania to Albania were Refined Petroleum ($68.4M), Cleaning Products ($4.12M), and Bovine ($3.92M). During the last 5 years the exports of Romania to Albania have increased at an annualized rate of 12.2%, from $81.1M in 2017 to $144M in 2022.

In 2017, Albania exported $38.5M to Romania. The main products exported from Albania to Romania were Non-Knit Men's Suits ($7.85M), Footwear Parts ($5.79M), and Other Furniture ($4.38M). During the last 5 years the exports of Albania to Romania have decreased at an annualized rate of 0.99%, from $40.5M in 2022 to $38.5M in 2017.

Exports from Romania (Flag) to Albania (Flag) (2022)

Exports from Albania (Flag) to Romania (Flag) (2022)

Latest Data

Trade between Romania (Flag) and Albania (Flag)

Romania Exports

Albania Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Albania
Top Destination
Italy$1.75B

This map shows whether countries import more from Romania or Albania. Each country is colored based on the difference in imports they receive from Romania and Albania or the difference in the growth in imports.

In 2022, countries that imported more from Romania than Albania included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Albania than Romania included Montenegro ($80.8M), Malta ($27.4M), and Zimbabwe ($257k).

Difference in imports from Albania (Flag) and Romania (Flag) (2022)

Comparative Advantage Romania - Albania

Flow
Scale

This chart compares trade between Romania and Albania by product, considering products traded by both, Romania and Albania.

During 2022, Romania had a large net trade with Albania in the exports of Mineral Products ($70.1M), Machines ($15.5M), and Chemical Products ($11.6M).

During 2017, Albania had a large net trade with Romania in the exports of Textiles ($13M), Footwear and Headwear ($6.01M), and Metals ($5.57M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Albania+$1.43MPetroleum Gas
Top Product Potential Albania Romania+$3.19MFootwear Parts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Romania and Albania. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Romania.

Product Space of Romania (Flag) and Albania (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with