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2021
Flag → Flag
Exports $16.9MRnk 204 / 0
2021
Flag → Flag
Exports $129MRnk 86 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC $6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Albania-Russia Trade: In 2021, Albania exported $16.9M to Russia. The main products that Albania exported to Russia were N/A. Over the past 5 years the exports of Albania to Russia have increased at an annualized rate of 9.9%, from $10.5M in 2016 to $16.9M in 2021.

In 2017, Albania exported services to Russia worth $5.54M, with Travel ($3.5M), Government services, n.i.e. ($1.69M), and Transportation ($339k) being the largest in terms of value.

Russia-Albania Trade: In 2021, Russia exported $129M to Albania. The main products that Russia exported to Albania were N/A. Over the past 5 years the exports of Russia to Albania have increased at an annualized rate of 15%,  from $63.8M in 2016 to $129M in 2021.

In 2020, Russia exported services to Albania worth $2.43M, with Transportation ($1.44M), Computer and information services ($380k), and Travel ($362k) being the largest in terms of value.

Comparison: In 2022,  Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Albania exported $16.9M to Russia. There were not main exports from Albania to Russia in 2021. During the last 5 years the exports of Albania to Russia have increased at an annualized rate of 9.9%, from $10.5M in 2016 to $16.9M in 2021.

In 2016, Russia exported $129M to Albania. There were not main exports from Russia to Albania in 2016. During the last 5 years the exports of Russia to Albania have increased at an annualized rate of 15%, from $63.8M in 2021 to $129M in 2016.

Exports from Albania (Flag) to Russia (Flag) (2021)

Exports from Russia (Flag) to Albania (Flag) (2021)

Latest Data

Trade between Albania (Flag) and Russia (Flag)

Albania Exports

Russia Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.75B
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Albania than Russia included Montenegro ($80.8M), Malta ($27.4M), and Andorra ($171k).

In 2022, countries that imported more from Russia than Albania included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Albania - Russia

Flow
Scale

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

During 2021, Albania had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Albania in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Russia+$4.48kLeather Footwear
Top Product Potential Russia Albania+$6.85kRefined Petroleum

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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Bilateral Service Trade

In 2017, Albania exported services to Russia worth $5.54M, with Travel ($3.5M), Government services, n.i.e. ($1.69M), and Transportation ($339k) being the largest in terms of value.

In 2020, Russia exported services to Albania worth $2.43M, with Transportation ($1.44M), Computer and information services ($380k), and Travel ($362k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Albania (Flag) to Russia (Flag) (2017)

Services Exports from Russia (Flag) to Albania (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Albania (Flag) and Russia (Flag) (2021)

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