2023
Exports
$197MWorld Rnk 60 / 150
Flag Rnk 4 / 848
falsefalse Spain
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$13.8kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Albania
-0.33Rnk 77 / 132

About

Exports In 2023, Albania exported $197M in Crude Petroleum, making it the 60th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most exported product in Albania. The main destination of Crude Petroleum exports from Albania are: Spain ($178M), Italy ($18.2M), Romania ($35.8k), Serbia ($20.2k), and China ($2.2k).

The fastest growing export markets for Crude Petroleum of Albania between 2022 and 2023 were Italy ($5.54M), Romania ($35.8k), and Serbia ($20.2k).

Imports In 2021, Albania imported $13.8k in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Albania. Albania imports Crude Petroleum primarily from: N/A.

Historical Data

Trade Balance

Color
EXPORTS (2023)$197M
IMPORTS (2021)$13.8k
NET TRADE (2023)$197M

In 2023, Albania exported $197M in Crude Petroleum. The main destinations of Albania exports on Crude Petroleum were Spain ($178M), Italy ($18.2M), Romania ($35.8k), Serbia ($20.2k), and China ($2.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Albania WERE (2022 - 2023):
Italy$5.54M (43.9%)
Romania$35.8k (1%)
Serbia$20.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Albania WERE (2022 - 2023):
Spain-$127M (-41.6%)
Canada-$23 (-100%)
Netherlands-$17 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Albania's main exporting competitors in Crude Petroleum were:
In 2023, Albania's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $18.4M
TOP IMPORT POTENTIALKazakhstan+ $845

Crude Petroleum’s highest export potential is Italy. With an export gap of $18.4M.   Crude Petroleum’s highest import potential is Kazakhstan with an import gap of $845.

See methodology.

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