2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC 
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186
2022
Flag
GDP PC
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186

About

Belarus-Albania Trade: In 2021, Belarus exported $372k to Albania. The main products that Belarus exported to Albania were N/A. Over the past 5 years the exports of Belarus to Albania have increased at an annualized rate of 8.04%, from $253k in 2016 to $372k in 2021.

In 2014, Belarus exported services to Albania worth $4.03M, with Government services, n.i.e. ($2.01M) and Insurance services ($2.01M) being the largest in terms of value.

Albania-Belarus Trade: In 2021, Albania exported $1.04M to Belarus. The main products that Albania exported to Belarus were N/A. Over the past 5 years the exports of Albania to Belarus have increased at an annualized rate of 9.5%,  from $661k in 2016 to $1.04M in 2021.

In 2021, Albania did not export any services to Belarus.

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Belarus exported $372k to Albania. There were not main exports from Belarus to Albania in 2021. During the last 5 years the exports of Belarus to Albania have increased at an annualized rate of 8.04%, from $253k in 2016 to $372k in 2021.

In 2016, Albania exported $1.04M to Belarus. There were not main exports from Albania to Belarus in 2016. During the last 5 years the exports of Albania to Belarus have increased at an annualized rate of 9.5%, from $661k in 2021 to $1.04M in 2016.

Exports from Belarus (Flag) to Albania (Flag) (2021)

Exports from Albania (Flag) to Belarus (Flag) (2021)

Latest Data

Trade between Belarus (Flag) and Albania (Flag)

Belarus Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Albania
Top Destination
Italy$1.75B

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

In 2022, countries that imported more from Belarus than Albania included China ($1.6B), Ukraine ($1.29B), and Poland ($933M).

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

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

Comparative Advantage Belarus - Albania

Flow
Scale

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

During 2021, Belarus had a large net trade with Albania in the exports of .

During 2016, Albania had a large net trade with Belarus in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Albania+$2.03kRaw Iron Bars
Top Product Potential Albania Belarus+$2.15kCrude Petroleum

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

Product Space of Belarus (Flag) and Albania (Flag) (2021)

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