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

About

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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, India exported $5.99M and imported $211k from Albania, resulting in a positive trade balance of $5.78M. Between November 2023 and November 2024 the exports of India have decreased by $-120M (-95.3%) from $126M to $5.99M, while imports decreased by $-1.11M (-84%) from $1.32M to $211k.

Trade In November 2024, the top exports of India to Albania were Petroleum Products ($95.9M), Ceramics And Allied Products ($1.72M), Granit, Natrl Stone And Prodct ($800k), Sugar ($364k), and Indl. Machnry For Dairy Etc ($335k). In November 2024 the top imports of India from Albania were Granit, Natrl Stone And Prodct ($286k), Ayush And Herbal Products ($115k), Iron And Steel ($67.8k), and Paper, Paper Board And Product ($23.8k).

Growth In November 2024, the decrease in India's year-by-year exports to Albania was explained primarily by an decrease in product exports in Leather Footwear Component ($-159k or -45.9%), Drug Formulations, Biologicals ($-66.6k or -99.2%), and Medical And Scientific Instrum ($-58.3k or -65.2%). In November 2024, the decrease in India's year-by-year imports  from Albania was explained primarily by an decrease in product imports  in Iron And Steel ($-792k or -92.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-120M(-95.3%)
IMPORT GROWTH (November 2023 - November 2024)$-1.11M(-84%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Albania and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $361M in 2023.

In 2018, 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 2023 to $8.4M in 2018.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage India - Albania

Flow
Scale

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

During 2023, 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).

During 2018, Albania had a large net trade with India in the exports of Metals ($5.24M), Mineral Products ($2.56M), and Vegetable Products ($321k).

Potential Exports

Potential Exports

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

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

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

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