HS Icon Refined Petroleum in  Flag Albania

2020
Exports | Imports
: $9.41M | $328M, World Rnk 131 / 212
Flag Rnk 55 / 792 | World Rnk 119 / 224
Flag Rnk 1 / 1111

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.51M | $38.5M, Morocco |  Russia

2020
ECONOMIC COMPLEXITY of Albania
: -0.36, Rnk 75 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, Albania exported $9.41M in Refined Petroleum, making it the 131st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 55th most exported product in Albania. The main destination of Refined Petroleum exports from Albania are: Italy ($5.98M), Morocco ($1.51M), Montenegro ($888k), Serbia ($293k), and Slovenia ($207k).

The fastest growing export markets for Refined Petroleum of Albania between 2019 and 2020 were Morocco ($1.51M), Panama ($67.1k), and Moldova ($27.9k).

Imports In 2020, Albania imported $328M in Refined Petroleum, becoming the 119th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Albania. Albania imports Refined Petroleum primarily from: Greece ($91.6M), Italy ($83.4M), Russia ($45.9M), Turkey ($33.1M), and Croatia ($25.6M).

The fastest growing import markets in Refined Petroleum for Albania between 2019 and 2020 were Russia ($38.5M), Italy ($12.8M), and Portugal ($8.21M).

Tariffs In 2019, the average tariff for Albania in Refined Petroleum was 3%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatement, 3.48%), Burundi (Most Favoured Nation duty rate treatement, 3.48%), Benin (Most Favoured Nation duty rate treatement, 3.48%), Burkina Faso (Most Favoured Nation duty rate treatement, 3.48%), and Botswana (Most Favoured Nation duty rate treatement, 3.48%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Refined 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 (2020): $9.41M

IMPORTS (2020): $328M

NET TRADE (2020): -$319M

In 2020, Albania exported $9.41M in Refined Petroleum. The main destinations of Albania exports on Refined Petroleum were Italy ($5.98M), Morocco ($1.51M), Montenegro ($888k), Serbia ($293k), and Slovenia ($207k).

In 2020, Albania imported $328M in Refined Petroleum, mainly from Greece ($91.6M), Italy ($83.4M), Russia ($45.9M), Turkey ($33.1M), and Croatia ($25.6M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Albania WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Albania WERE (2019 - 2020):

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Market Concentration

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In 2020, Albania's main exporting competitors in Refined Petroleum were:

In 2020, Albania's main importing competitors in Refined Petroleum were:

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