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2023
Flag → Flag
Exports $8.4MRnk 34 / 126
2023
Flag → Flag
Top Product $4.91MFerroalloys
2023
Flag → Flag
Exports $361MRnk 102 / 220
2023
Flag → Flag
Top Product $262MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $8,575CURRENT US$
Rnk 93 / 195
2013-2023
Flag
GDP PC GROWTH94.3%CURRENT US$
Rnk 10 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Albania-India Trade: In 2023, Albania exported $8.4M to India. The main products that Albania exported to India were Ferroalloys ($4.91M), Marble, Travertine and Alabaster ($2.42M), and Perfume Plants ($310k). Over the past 5 years the exports of Albania to India have decreased at an annualized rate of 9.8%, from $14.1M in 2018 to $8.4M in 2023.

In 2017, Albania exported services to India worth $565k, with Travel ($339k), Transportation ($113k), and Other business services ($113k) being the largest in terms of value.

India-Albania Trade: In 2023, India exported $361M to Albania. The main products that India exported to Albania were Refined Petroleum ($262M), Unglazed Ceramics ($47.2M), and Coffee ($5.54M). Over the past 5 years the exports of India to Albania have increased at an annualized rate of 67.6%,  from $27.3M in 2018 to $361M in 2023.

In 2023, India did not export any services to Albania.

Comparison: In 2023,  Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $8.4M to India. The main products exported from Albania to India were Ferroalloys ($4.91M), Marble, Travertine and Alabaster ($2.42M), and Perfume Plants ($310k). During the last 5 years the exports of Albania to India have decreased at an annualized rate of 9.8%, from $14.1M in 2018 to $8.4M in 2023.

In 2018, India exported $361M to Albania. The main products exported from India to Albania were Refined Petroleum ($262M), Unglazed Ceramics ($47.2M), and Coffee ($5.54M). During the last 5 years the exports of India to Albania have increased at an annualized rate of 67.6%, from $27.3M in 2023 to $361M in 2018.

Exports from Albania (Flag) to India (Flag) (2023)

Exports from India (Flag) to Albania (Flag) (2023)

Latest Data

Trade between Albania (Flag) and India (Flag)

Albania Exports

India Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.72B
India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Albania than India included Montenegro ($82.3M) and North Macedonia ($134M).

In 2023, countries that imported more from India than Albania included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India (Flag) and Albania (Flag) (2023)

Comparative Advantage Albania - India

Flow
Scale

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

During 2023, Albania had a large net trade with India in the exports of Metals ($5.24M), Mineral Products ($2.56M), and Vegetable Products ($321k).

During 2018, India had a large net trade with Albania in the exports of Mineral Products ($263M), Stone And Glass ($53.5M), and Vegetable Products ($8.07M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania India+$7.52MFerroalloys
Top Product Potential India Albania+$3.22MPackaged Medicaments

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.

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Economic Complexity

Competitive Landscape

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

Product Space of Albania (Flag) and India (Flag) (2023)

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