2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP
$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH
73.9%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC 
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC
$966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 55 / 186

About

Albania-Rwanda Trade: In 2022, Albania exported $436k to Rwanda. The main products that Albania exported to Rwanda were Other Furniture ($97.5k), Beer ($43.2k), and Pasta ($31.7k). Over the past 6 years the exports of Albania to Rwanda have increased at an annualized rate of 267%, from $179 in 2016 to $436k in 2022.

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

Rwanda-Albania In N/A, Rwanda did not export any products to Albania.

In 2022, Rwanda 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, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $436k to Rwanda. The main products exported from Albania to Rwanda were Other Furniture ($97.5k), Beer ($43.2k), and Pasta ($31.7k). During the last 6 years the exports of Albania to Rwanda have increased at an annualized rate of 267%, from $179 in 2016 to $436k in 2022.

Rwanda does not register exports to Albania.

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

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

Market Competitiveness

Color
Albania
Top Destination
Italy$1.75B
Rwanda
Top Destination
United Arab Emirates$568M

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

In 2022, countries that imported more from Albania than Rwanda included Italy ($1.75B), Greece ($421M), and Spain ($309M).

In 2022, countries that imported more from Rwanda than Albania included United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), and Thailand ($83.9M).

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

Comparative Advantage Albania - Rwanda

Flow
Scale

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

During 2022, Albania had a large net trade with Rwanda in the exports of Foodstuffs ($188k), Miscellaneous ($132k), and Machines ($30.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Rwanda+$1.17kInsulated Wire
Top Product Potential Rwanda Albania+$1.6kCoffee

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

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

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