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2023
Flag → Flag
Exports $20.3kRnk N/A / N/A
2023
Flag → Flag
Exports $49.8MRnk 65 / 171
2023
Flag → Flag
Top Product $47.4MRaw Iron Bars
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132

About

Albania-Oman Trade: In 2023, Albania exported $20.3k to Oman. The main products that Albania exported to Oman were N/A. Over the past 5 years the exports of Albania to Oman have decreased at an annualized rate of 31%, from $129k in 2018 to $20.3k in 2023.

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

Oman-Albania Trade: In 2023, Oman exported $49.8M to Albania. The main products that Oman exported to Albania were Raw Iron Bars ($47.4M), Polyacetals ($2.11M), and Perfumes ($271k). Over the past 5 years the exports of Oman to Albania have increased at an annualized rate of 239%,  from $112k in 2018 to $49.8M in 2023.

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

Comparison: In 2023,  Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and N/A in total exports (N/A). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and N/A in total exports (N/A).

Historical Data

Latest Data

Albania Exports

Date

Oman Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.72B
Oman
Top DestinationChina$30.2B

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

In undefined, countries that imported more from Albania than Oman included Italy ($1.72B), Greece ($409M), and Serbia ($188M).

In undefined, countries that imported more from Oman than Albania included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

Potential Exports

Potential Exports

Depth
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Top Product Potential Albania Oman+$46.1kSeats
Top Product Potential Oman Albania+N/AN/A

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 Oman. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Albania.

Product Space of Albania (Flag) and Oman (Flag) (NaN)

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