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2023
Flag → Flag
Exports $35.6MRnk 94 / 137
2023
Flag → Flag
Top Product $20.9MWheat
2023
Flag → Flag
Exports $16.9MRnk 27 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
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GDP GROWTH84.3%CURRENT US$
Rnk 29 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$8,575CURRENT US$
Rnk 93 / 196
2013-2023
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GDP PC GROWTH94.3%CURRENT US$
Rnk 10 / 195

About

Russia-Albania Trade: In 2023, Russia exported $35.6M to Albania. The main products that Russia exported to Albania were Wheat ($20.9M), Nitrogenous Fertilizers ($12.2M), and Petroleum Gas ($1.62M). Over the past 6 years the exports of Russia to Albania have decreased at an annualized rate of 11.2%, from $72.7M in 2017 to $35.6M in 2023.

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.

Albania-Russia Trade: In 2023, Albania exported $16.9M to Russia. The main products that Albania exported to Russia were N/A. Over the past 6 years the exports of Albania to Russia have increased at an annualized rate of 7.67%,  from $11.7M in 2017 to $16.9M in 2023.

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.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $19.1M and imported $900k from Albania, resulting in a positive trade balance of $18.2M. Between January 2021 and January 2022 the exports of Russia have increased by $11.9M (164%) from $7.24M to $19.1M, while imports increased by $94.1k (11.7%) from $806k to $900k.

Trade In January 2022, the top exports of Russia to Albania were Wheat ($2.96M), Hot-Rolled Iron ($2.69M), Float Glass ($944k), Cold-Rolled Iron ($361k), and Sawn Wood ($106k). In January 2022 the top imports of Russia from Albania were Leather Footwear ($341k), Non-Knit Women's Suits ($193k), Non-Knit Men's Suits ($49.2k), Leather Apparel ($45.7k), and Non-Knit Women's Shirts ($32.3k).

Origins In January 2022 the exports of Russia were mainly from KRASNODAR TERRITORY ($11.4M), ROSTOV REGION ($5.29M), PERM TERRITORY ($2.22M), ST. PETERSBURG ($78.7k), and MOSCOW REGION ($50k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($565k), MOSCOW REGION ($264k), ST. PETERSBURG ($27.5k), KALININGRAD REGION ($19.6k), and PERM TERRITORY ($8.13k).

Growth In January 2022, the increase in Russia's year-by-year exports to Albania was explained primarily by an increase in product exports in Hot-Rolled Iron ($2.47M or 1.1k%), Wheat ($2.34M or 375%), and Float Glass ($914k or 3.01k%). In January 2022, the increase in Russia's year-by-year imports  from Albania was explained primarily by an increase in product imports  in Leather Footwear ($181k or 113%), Leather Apparel ($34.6k or 314%), and Knit Sweaters ($12.9k or 242%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$11.9M(164%)
IMPORT GROWTH (January 2021 - January 2022)$94.1k(11.7%)
MAIN EXPORTER (January 2022)KRASNODAR TERRITORY$11.4M

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

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

For full datasets download visit Bulk Download page.

Explore Albania and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $35.6M to Albania. The main products exported from Russia to Albania were Wheat ($20.9M), Nitrogenous Fertilizers ($12.2M), and Petroleum Gas ($1.62M). During the last 6 years the exports of Russia to Albania have decreased at an annualized rate of 11.2%, from $72.7M in 2017 to $35.6M in 2023.

In 2016, Albania exported $16.9M to Russia. There were not main exports from Albania to Russia in 2016. During the last 5 years the exports of Albania to Russia have increased at an annualized rate of 7.67%, from $11.7M in 2021 to $16.9M in 2016.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Russia than Albania included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Albania than Russia included Montenegro ($82.3M), Ukraine ($10.4M), and Malta ($3.4M).

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

Comparative Advantage Russia - Albania

Flow
Scale

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

During 2023, Russia had a large net trade with Albania in the exports of Vegetable Products ($21M), Chemical Products ($12.7M), and Mineral Products ($1.62M).

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

Potential Exports

Potential Exports

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

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

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

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