2022
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GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
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GDP GROWTH
53.3%CURRENT US$
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2022
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GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
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GDP PC GROWTH
60.2%CURRENT US$
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About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $129M to Albania. There were not main exports from Russia to Albania in 2021. During the last 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 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 9.9%, from $10.5M in 2021 to $16.9M in 2016.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Albania
Top Destination
Italy$1.75B

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

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

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

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

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) (2021)

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