Romania (ROU) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Romania-Albania Trade: In 2023, Romania exported $102M to Albania. The main products that Romania exported to Albania were Refined Petroleum ($21.3M), Bovine ($7.67M), and Rolled Tobacco ($5.69M). Over the past 5 years the exports of Romania to Albania have increased at an annualized rate of 8.87%, from $67M in 2018 to $102M in 2023.

In 2023, Romania did not export any services to Albania.

Albania-Romania Trade: In 2023, Albania exported $37.5M to Romania. The main products that Albania exported to Romania were Non-Knit Men's Suits ($9M), Iron Structures ($5.05M), and Other Furniture ($4.51M). Over the past 5 years the exports of Albania to Romania have decreased at an annualized rate of 3.42%, from $44.6M in 2018 to $37.5M in 2023.

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.

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $102M to Albania. The main products exported from Romania to Albania were Refined Petroleum ($21.3M), Bovine ($7.67M), and Rolled Tobacco ($5.69M). During the last 5 years the exports of Romania to Albania have increased at an annualized rate of 8.87%, from $67M in 2018 to $102M in 2023.

In 2018, Albania exported $37.5M to Romania. The main products exported from Albania to Romania were Non-Knit Men's Suits ($9M), Iron Structures ($5.05M), and Other Furniture ($4.51M). During the last 5 years the exports of Albania to Romania have decreased at an annualized rate of 3.42%, from $44.6M in 2023 to $37.5M in 2018.

Exports from Romania () to Albania () (2023)

Exports from Albania () to Romania () (2023)

Latest Data

Trade between Romania () and Albania ()

Romania Exports

Date

Albania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Albania
Top DestinationItaly$1.72B

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

In 2023, countries that imported more from Romania than Albania included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Albania than Romania included Montenegro ($82.3M), Senegal ($14.9M), and Saint Vincent and the Grenadines ($42.1k).

Difference in imports from Albania () and Romania () (2023)

Comparative Advantage Romania - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Albania in the exports of Mineral Products ($21.7M), Foodstuffs ($14.8M), and Machines ($13.5M).

During 2018, Albania had a large net trade with Romania in the exports of Textiles ($13.5M), Metals ($9.05M), and Miscellaneous ($4.87M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Albania+$1.43MPetroleum Gas

Top Product Potential Albania Romania+$3.19MFootwear Parts

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

Year

This visualization shows the product space at the HS4 level with the flags of Romania and Albania. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Romania.

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Albania () (2023)

Exports from Albania () to Romania () (2023)

Latest Data

Trade between Romania () and Albania ()

Romania Exports

Albania Exports

Market Competitiveness

Difference in imports from Albania () and Romania () (2023)

Comparative Advantage Romania - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Romania () and Albania () (2023)

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