Russia (RUS) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Albania (ALB) Trade

2021

→

Exports $129MRnk 39 / 0

2021

→

Exports $16.9MRnk 8 / 0

2022

Economic Complexity (ECI) ECI 0.43Rnk 47 / 133

2022

Economic Complexity (ECI) ECI -0.24Rnk 77 / 133

2022

GDP$2.24TCURRENT US$
Rnk 8 / 186

2012-2022

GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186

2022

GDP$18.9BCURRENT US$
Rnk 120 / 186

2012-2022

GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186

2022

GDP PC $15,345CURRENT US$
Rnk 63 / 186

2012-2022

GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

2022

GDP PC$6,803CURRENT US$
Rnk 94 / 186

2012-2022

GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

Image 1

Image by Sam Greenhalgh
Link: https://flic.kr/p/9qSwNm

Image 2

Image by Aleksandr Zykov
Link: https://flic.kr/p/8Dn7z1

Latest Trends
Historical Data
Potential Exports
Economic Complexity

About

Russia-Albania Trade: In 2021, Russia exported $129M to Albania. The main products that Russia exported to Albania were N/A. Over the past 5 years the exports of Russia to Albania have increased at an annualized rate of 15%, from $63.8M in 2016 to $129M in 2021.

In 2020, Russia exported services to Albania worth $2.43M, with Transportation ($1.44M), Computer and information services ($380k), and Travel ($362k) being the largest in terms of value.

Albania-Russia Trade: In 2021, Albania exported $16.9M to Russia. The main products that Albania exported to Russia were N/A. Over the past 5 years the exports of Albania to Russia have increased at an annualized rate of 9.9%, from $10.5M in 2016 to $16.9M in 2021.

In 2017, Albania exported services to Russia worth $5.54M, with Travel ($3.5M), Government services, n.i.e. ($1.69M), and Transportation ($339k) being the largest in terms of value.

Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $19.1M and imported $900k from Albania, resulting in a positive trade balance of $18.2M. Between January 2021 and January 2022 the exports of Russia have increased by $11.9M (164%) from $7.24M to $19.1M, while imports increased by $94.1k (11.7%) from $806k to $900k.

Trade In January 2022, the top exports of Russia to Albania were Wheat ($2.96M), Hot-Rolled Iron ($2.69M), Float Glass ($944k), Cold-Rolled Iron ($361k), and Sawn Wood ($106k). In January 2022 the top imports of Russia from Albania were Leather Footwear ($341k), Non-Knit Women's Suits ($193k), Non-Knit Men's Suits ($49.2k), Leather Apparel ($45.7k), and Non-Knit Women's Shirts ($32.3k).

Origins In January 2022 the exports of Russia were mainly from KRASNODAR TERRITORY ($11.4M), ROSTOV REGION ($5.29M), PERM TERRITORY ($2.22M), ST. PETERSBURG ($78.7k), and MOSCOW REGION ($50k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($565k), MOSCOW REGION ($264k), ST. PETERSBURG ($27.5k), KALININGRAD REGION ($19.6k), and PERM TERRITORY ($8.13k).

Growth In January 2022, the increase in Russia's year-by-year exports to Albania was explained primarily by an increase in product exports in Hot-Rolled Iron ($2.47M or 1.1k%), Wheat ($2.34M or 375%), and Float Glass ($914k or 3.01k%). In January 2022, the increase in Russia's year-by-year imports from Albania was explained primarily by an increase in product imports in Leather Footwear ($181k or 113%), Leather Apparel ($34.6k or 314%), and Knit Sweaters ($12.9k or 242%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$11.9M(164%)

IMPORT GROWTH (January 2021 - January 2022)$94.1k(11.7%)

MAIN EXPORTER (January 2022)KRASNODAR TERRITORY$11.4M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Russia exported $129M to Albania. There were not main exports from Russia to Albania in 2021. During the last 5 years the exports of Russia to Albania have increased at an annualized rate of 15%, from $63.8M in 2016 to $129M in 2021.

In 2016, Albania exported $16.9M to Russia. There were not main exports from Albania to Russia in 2016. During the last 5 years the exports of Albania to Russia have increased at an annualized rate of 9.9%, from $10.5M in 2021 to $16.9M in 2016.

Exports from Russia () to Albania () (2021)

Exports from Albania () to Russia () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Russia than Albania included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Albania than Russia included Montenegro ($80.8M), Malta ($27.4M), and Andorra ($171k).

Difference in imports from Albania () and Russia () (2022)

Comparative Advantage Russia - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Albania+$6.85kRefined Petroleum

Top Product Potential Albania Russia+$4.48kLeather Footwear

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

Product Space of Russia () and Albania () (2021)

Keep Exploring

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