2023
Exports
$843kWorld Rnk 97 / 164
Flag Rnk 248 / 848
2023
PRODUCT COMPLEXITY IN Iron Blocks
-0.47Rnk 688 / 1025
2023
Imports
$26.8MWorld Rnk 91 / 220
Flag Rnk 74 / 1119
2023
ECONOMIC COMPLEXITY of Albania
-0.33Rnk 77 / 132

About

Exports In 2023, Albania exported $843k in Iron Blocks, making it the 97th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 248th most exported product in Albania. The main destination of Iron Blocks exports from Albania are: Italy ($273k), North Macedonia ($216k), Montenegro ($194k), Peru ($91.7k), and Ghana ($62.1k).

The fastest growing export markets for Iron Blocks of Albania between 2022 and 2023 were North Macedonia ($110k), Peru ($91.7k), and Ghana ($62.1k).

Imports In 2023, Albania imported $26.8M in Iron Blocks, becoming the 91st largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 74th most imported product in Albania. Albania imports Iron Blocks primarily from: Turkey ($13.3M), China ($4.92M), Greece ($2.46M), North Macedonia ($2.27M), and Italy ($1.99M).

The fastest growing import markets in Iron Blocks for Albania between 2022 and 2023 were Turkey ($5.31M), China ($4.92M), and Germany ($409k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Blocks. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$843k
IMPORTS (2023)$26.8M
NET TRADE (2023)-$25.9M

In 2023, Albania exported $843k in Iron Blocks. The main destinations of Albania exports on Iron Blocks were Italy ($273k), North Macedonia ($216k), Montenegro ($194k), Peru ($91.7k), and Ghana ($62.1k).

In 2023, Albania imported $26.8M in Iron Blocks, mainly from Turkey ($13.3M), China ($4.92M), Greece ($2.46M), North Macedonia ($2.27M), and Italy ($1.99M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Albania WERE (2022 - 2023):
North Macedonia$110k (104%)
Peru$91.7k (1%)
Ghana$62.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Albania WERE (2022 - 2023):
Serbia-$237k (-100%)
Italy-$200k (-42.2%)
Bulgaria-$188k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Albania's main exporting competitors in Iron Blocks were:
China $2.69B
Spain $1.83B
Germany $1.64B
In 2023, Albania's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $230k
TOP IMPORT POTENTIALItaly+ $590k

Iron Blocks’s highest export potential is Italy. With an export gap of $230k.   Iron Blocks’s highest import potential is Italy with an import gap of $590k.

See methodology.

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