2022
Flag  
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
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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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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2022
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GDP PC
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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About

Albania-Romania Trade: In 2022, Albania exported $38.5M to Romania. The main products that Albania exported to Romania were Non-Knit Men's Suits ($7.85M), Footwear Parts ($5.79M), and Other Furniture ($4.38M). Over the past 5 years the exports of Albania to Romania have decreased at an annualized rate of 0.99%, from $40.5M in 2017 to $38.5M in 2022.

In 2017, Albania exported services to Romania worth $12.1M, with Travel ($7.79M), Other business services ($2.49M), and Transportation ($1.02M) being the largest in terms of value.

Romania-Albania Trade: In 2022, Romania exported $144M to Albania. The main products that Romania exported to Albania were Refined Petroleum ($68.4M), Cleaning Products ($4.12M), and Bovine ($3.92M). Over the past 5 years the exports of Romania to Albania have increased at an annualized rate of 12.2%,  from $81.1M in 2017 to $144M in 2022.

In 2022, Romania did not export any services to Albania.

Comparison: In 2022,  Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $38.5M to Romania. The main products exported from Albania to Romania were Non-Knit Men's Suits ($7.85M), Footwear Parts ($5.79M), and Other Furniture ($4.38M). During the last 5 years the exports of Albania to Romania have decreased at an annualized rate of 0.99%, from $40.5M in 2017 to $38.5M in 2022.

In 2017, Romania exported $144M to Albania. The main products exported from Romania to Albania were Refined Petroleum ($68.4M), Cleaning Products ($4.12M), and Bovine ($3.92M). During the last 5 years the exports of Romania to Albania have increased at an annualized rate of 12.2%, from $81.1M in 2022 to $144M in 2017.

Exports from Albania (Flag) to Romania (Flag) (2022)

Exports from Romania (Flag) to Albania (Flag) (2022)

Latest Data

Trade between Albania (Flag) and Romania (Flag)

Albania Exports

Romania Exports

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Albania than Romania included Montenegro ($80.8M), Malta ($27.4M), and Zimbabwe ($257k).

In 2022, countries that imported more from Romania than Albania included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

Comparative Advantage Albania - Romania

Flow
Scale

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

During 2022, Albania had a large net trade with Romania in the exports of Textiles ($13M), Footwear and Headwear ($6.01M), and Metals ($5.57M).

During 2017, Romania had a large net trade with Albania in the exports of Mineral Products ($70.1M), Machines ($15.5M), and Chemical Products ($11.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Romania+$3.19MFootwear Parts
Top Product Potential Romania Albania+$1.43MPetroleum Gas

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

Product Space of Albania (Flag) and Romania (Flag) (2022)

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