HS Icon Crude Petroleum in  Flag Albania

2021
Exports | Imports
: $204M | $13.8k, World Rnk 67 / 147
Flag Rnk 4 / 811 | World Rnk 123 / 163
Flag Rnk 1009 / 1120

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $59.8M | $13.8k, Spain |  Romania

2021
ECONOMIC COMPLEXITY of Albania
: -0.19, Rnk 72 / 131

2021
PRODUCT COMPLEXITY IN Crude Petroleum
: -2.38, Rnk 1024 / 1029

Exports In 2021, Albania exported $204M in Crude Petroleum, making it the 67th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most exported product in Albania. The main destination of Crude Petroleum exports from Albania are: Spain ($177M), Italy ($26.9M), and China ($1.03k).

The fastest growing export markets for Crude Petroleum of Albania between 2020 and 2021 were Spain ($59.8M), Italy ($12.5M), and China ($956).

Imports In 2021, Albania imported $13.8k in Crude Petroleum, becoming the 123rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1009th most imported product in Albania. Albania imports Crude Petroleum primarily from: Romania ($13.8k).

The fastest growing import markets in Crude Petroleum for Albania between N/A and 2021 were Romania ($13.8k).

Tariffs In 2019, the average tariff for Albania in Crude Petroleum was 4.31%. The countries with the highest import tariffs for Crude Petroleum were Angola (Most Favoured Nation duty rate treatment, 5%), Burundi (Most Favoured Nation duty rate treatment, 5%), Benin (Most Favoured Nation duty rate treatment, 5%), Burkina Faso (Most Favoured Nation duty rate treatment, 5%), and Botswana (Most Favoured Nation duty rate treatment, 5%).

Apr 2023

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2021): $204M

IMPORTS (2021): $13.8k

NET TRADE (2021): $204M

In 2021, Albania exported $204M in Crude Petroleum. The main destinations of Albania exports on Crude Petroleum were Spain ($177M), Italy ($26.9M), and China ($1.03k).

In 2021, Albania imported $13.8k in Crude Petroleum, mainly from Romania ($13.8k).

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Albania WERE (2020 - 2021):

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Market Concentration

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In 2021, Albania's main exporting competitors in Crude Petroleum were:

In 2021, Albania's main importing competitors in Crude Petroleum were:

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