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2022
Flag → Flag
Exports $52.5MRnk 156 / 217
2022
Flag → Flag
Top Product $14.4MUnglazed Ceramics
2022
Flag → Flag
Exports $13.3MRnk 30 / 129
2022
Flag → Flag
Top Product $10.2MFerroalloys
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
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GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

India-Albania Trade: In 2022, India exported $52.5M to Albania. The main products that India exported to Albania were Unglazed Ceramics ($14.4M), Building Stone ($6.66M), and Footwear Parts ($4.98M). Over the past 5 years the exports of India to Albania have increased at an annualized rate of 17%, from $23.9M in 2017 to $52.5M in 2022.

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

Albania-India Trade: In 2022, Albania exported $13.3M to India. The main products that Albania exported to India were Ferroalloys ($10.2M), Marble, Travertine and Alabaster ($2.29M), and Scrap Iron ($310k). Over the past 5 years the exports of Albania to India have decreased at an annualized rate of 18.3%,  from $36.5M in 2017 to $13.3M in 2022.

In 2017, Albania exported services to India worth $565k, with Travel ($339k), Transportation ($113k), and Other business services ($113k) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $4.45M and imported $729k from Albania, resulting in a positive trade balance of $3.72M. Between August 2023 and August 2024 the exports of India have decreased by $-249M (-98.2%) from $254M to $4.45M, while imports decreased by $-189k (-20.6%) from $918k to $729k.

Trade In August 2024, the top exports of India to Albania were Petroleum Products ($95.9M), Ceramics And Allied Products ($1.72M), Granit, Natrl Stone And Prodct ($800k), Sugar ($364k), and Indl. Machnry For Dairy Etc ($335k). In August 2024 the top imports of India from Albania were Granit, Natrl Stone And Prodct ($286k), Ayush And Herbal Products ($115k), Iron And Steel ($67.8k), and Paper, Paper Board And Product ($23.8k).

Growth In August 2024, the decrease in India's year-by-year exports to Albania was explained primarily by an decrease in product exports in Leather Footwear Component ($-159k or -45.9%), Drug Formulations, Biologicals ($-66.6k or -99.2%), and Medical And Scientific Instrum ($-58.3k or -65.2%). In August 2024, the decrease in India's year-by-year imports  from Albania was explained primarily by an decrease in product imports  in Iron And Steel ($-792k or -92.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-249M(-98.2%)
IMPORT GROWTH (August 2023 - August 2024)$-189k(-20.6%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Albania and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Albania and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $52.5M to Albania. The main products exported from India to Albania were Unglazed Ceramics ($14.4M), Building Stone ($6.66M), and Footwear Parts ($4.98M). During the last 5 years the exports of India to Albania have increased at an annualized rate of 17%, from $23.9M in 2017 to $52.5M in 2022.

In 2017, Albania exported $13.3M to India. The main products exported from Albania to India were Ferroalloys ($10.2M), Marble, Travertine and Alabaster ($2.29M), and Scrap Iron ($310k). During the last 5 years the exports of Albania to India have decreased at an annualized rate of 18.3%, from $36.5M in 2022 to $13.3M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from India than Albania included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Albania than India included Montenegro ($80.8M) and North Macedonia ($101M).

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

Comparative Advantage India - Albania

Flow
Scale

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

During 2022, India had a large net trade with Albania in the exports of Stone And Glass ($21.6M), Footwear and Headwear ($4.98M), and Machines ($4.24M).

During 2017, Albania had a large net trade with India in the exports of Metals ($10.5M), Mineral Products ($2.29M), and Animal Hides ($198k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Albania+$3.22MPackaged Medicaments
Top Product Potential Albania India+$7.52MFerroalloys

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

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

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