Albania (ALB) and India (IND) Trade | The Observatory of Economic Complexity

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Albania-India Trade: In 2022, Albania exported $13.3M to India. The main products that Albania exported to India were Ferroalloys ($10.2M), Marble, Travertine and Alabaster ($2.29M), and Scrap Iron ($310k). Over the past 5 years the exports of Albania to India have decreased at an annualized rate of 18.3%, from $36.5M in 2017 to $13.3M in 2022.

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 2022, India exported $52.5M to Albania. The main products that India exported to Albania were Unglazed Ceramics ($14.4M), Building Stone ($6.66M), and Footwear Parts ($4.98M). Over the past 5 years the exports of India to Albania have increased at an annualized rate of 17%, from $23.9M in 2017 to $52.5M in 2022.

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

Comparison: In 2022, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Albania exported $13.3M to India. The main products exported from Albania to India were Ferroalloys ($10.2M), Marble, Travertine and Alabaster ($2.29M), and Scrap Iron ($310k). During the last 5 years the exports of Albania to India have decreased at an annualized rate of 18.3%, from $36.5M in 2017 to $13.3M in 2022.

In 2017, India exported $52.5M to Albania. The main products exported from India to Albania were Unglazed Ceramics ($14.4M), Building Stone ($6.66M), and Footwear Parts ($4.98M). During the last 5 years the exports of India to Albania have increased at an annualized rate of 17%, from $23.9M in 2022 to $52.5M in 2017.

Exports from Albania () to India () (2022)

Exports from India () to Albania () (2022)

Latest Data

Trade between Albania () and India ()

Albania Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.75B

India
Top DestinationUnited States$82.9B

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 2022, countries that imported more from Albania than India included Montenegro ($80.8M) and North Macedonia ($101M).

In 2022, countries that imported more from India than Albania included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

Difference in imports from India () and Albania () (2022)

Comparative Advantage Albania - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Albania had a large net trade with India in the exports of Metals ($10.5M), Mineral Products ($2.29M), and Animal Hides ($198k).

During 2017, India had a large net trade with Albania in the exports of Stone And Glass ($21.6M), Footwear and Headwear ($4.98M), and Machines ($4.24M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Albania () to India () (2022)

Exports from India () to Albania () (2022)

Latest Data

Trade between Albania () and India ()

Albania Exports

India Exports

Market Competitiveness

Difference in imports from India () and Albania () (2022)

Comparative Advantage Albania - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and India () (2022)

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