2023
Flag  
GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC 
$8,575CURRENT US$
Rnk 93 / 195
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195
2023
Flag
GDP PC
$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195

About

Albania-Romania Trade: In 2023, Albania exported $37.5M to Romania. The main products that Albania exported to Romania were Non-Knit Men's Suits ($9M), Iron Structures ($5.05M), and Other Furniture ($4.51M). Over the past 5 years the exports of Albania to Romania have decreased at an annualized rate of 3.42%, from $44.6M in 2018 to $37.5M in 2023.

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.

Romania-Albania Trade: In 2023, Romania exported $102M to Albania. The main products that Romania exported to Albania were Refined Petroleum ($21.3M), Bovine ($7.67M), and Rolled Tobacco ($5.69M). Over the past 5 years the exports of Romania to Albania have increased at an annualized rate of 8.87%,  from $67M in 2018 to $102M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $37.5M to Romania. The main products exported from Albania to Romania were Non-Knit Men's Suits ($9M), Iron Structures ($5.05M), and Other Furniture ($4.51M). During the last 5 years the exports of Albania to Romania have decreased at an annualized rate of 3.42%, from $44.6M in 2018 to $37.5M in 2023.

In 2018, Romania exported $102M to Albania. The main products exported from Romania to Albania were Refined Petroleum ($21.3M), Bovine ($7.67M), and Rolled Tobacco ($5.69M). During the last 5 years the exports of Romania to Albania have increased at an annualized rate of 8.87%, from $67M in 2023 to $102M in 2018.

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

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

Latest Data

Trade between Albania (Flag) and Romania (Flag)

Albania Exports

Romania Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.72B
Romania
Top Destination
Germany$19.9B

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

In 2023, countries that imported more from Albania than Romania included Montenegro ($82.3M), Senegal ($14.9M), and Saint Vincent and the Grenadines ($42.1k).

In 2023, countries that imported more from Romania than Albania included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Albania - Romania

Flow
Scale

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

During 2023, Albania had a large net trade with Romania in the exports of Textiles ($13.5M), Metals ($9.05M), and Miscellaneous ($4.87M).

During 2018, Romania had a large net trade with Albania in the exports of Mineral Products ($21.7M), Foodstuffs ($14.8M), and Machines ($13.5M).

Potential Exports

Potential Exports

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

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

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

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