2022
Exports
$38.7MWorld Rnk 122 / 214
Flag Rnk 23 / 837
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$331MWorld Rnk 146 / 225
Flag Rnk 1 / 1116
2022
ECONOMIC COMPLEXITY of Albania
-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $38.7M in Refined Petroleum, making it the 122nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 23rd most exported product in Albania. The main destination of Refined Petroleum exports from Albania are: South Korea ($31M), Montenegro ($1.88M), Greece ($1.77M), Egypt ($1.23M), and Italy ($829k).

The fastest growing export markets for Refined Petroleum of Albania between 2021 and 2022 were South Korea ($31M), Egypt ($1.23M), and Montenegro ($1M).

Imports In 2022, Albania imported $331M in Refined Petroleum, becoming the 146th 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: Turkey ($72.5M), Romania ($68.4M), Greece ($55.7M), Croatia ($46.7M), and Italy ($45.2M).

The fastest growing import markets in Refined Petroleum for Albania between 2021 and 2022 were Romania ($53.4M), Turkey ($32.8M), and Croatia ($25.6M).

Latest Trends

Apr 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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

Trade Balance

Color
EXPORTS (2022)$38.7M
IMPORTS (2022)$331M
NET TRADE (2022)-$293M

In 2022, Albania exported $38.7M in Refined Petroleum. The main destinations of Albania exports on Refined Petroleum were South Korea ($31M), Montenegro ($1.88M), Greece ($1.77M), Egypt ($1.23M), and Italy ($829k).

In 2022, Albania imported $331M in Refined Petroleum, mainly from Turkey ($72.5M), Romania ($68.4M), Greece ($55.7M), Croatia ($46.7M), and Italy ($45.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Albania WERE (2021 - 2022):
South Korea$31M (1%)
Egypt$1.23M (1%)
Montenegro$1M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Albania WERE (2021 - 2022):
Greece-$3.52M (-66.5%)
Netherlands-$1.21M (-100%)
North Macedonia-$140k (-48.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Refined Petroleum were:
In 2022, Albania's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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