2022
Exports
$62.1MWorld Rnk 57 / 162
Flag Rnk 13 / 837
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$182MWorld Rnk 38 / 217
Flag Rnk 4 / 1116
2022
ECONOMIC COMPLEXITY of Albania
-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $62.1M in Raw Iron Bars, making it the 57th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 13th most exported product in Albania. The main destination of Raw Iron Bars exports from Albania are: North Macedonia ($25.9M), Croatia ($20.8M), Serbia ($6.13M), Bulgaria ($3.36M), and Montenegro ($3.01M).

The fastest growing export markets for Raw Iron Bars of Albania between 2021 and 2022 were Croatia ($20.6M), Bulgaria ($3.36M), and Malta ($2.35M).

Imports In 2022, Albania imported $182M in Raw Iron Bars, becoming the 38th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 4th most imported product in Albania. Albania imports Raw Iron Bars primarily from: Turkey ($154M), Greece ($22.4M), Italy ($4.8M), Bulgaria ($558k), and North Macedonia ($285k).

The fastest growing import markets in Raw Iron Bars for Albania between 2021 and 2022 were Turkey ($66M), Bulgaria ($160k), and Austria ($68.9k).

Latest Trends

Sep 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 Raw Iron Bars. 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 (2022)$62.1M
IMPORTS (2022)$182M
NET TRADE (2022)-$120M

In 2022, Albania exported $62.1M in Raw Iron Bars. The main destinations of Albania exports on Raw Iron Bars were North Macedonia ($25.9M), Croatia ($20.8M), Serbia ($6.13M), Bulgaria ($3.36M), and Montenegro ($3.01M).

In 2022, Albania imported $182M in Raw Iron Bars, mainly from Turkey ($154M), Greece ($22.4M), Italy ($4.8M), Bulgaria ($558k), and North Macedonia ($285k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Albania WERE (2021 - 2022):
Croatia$20.6M (10.7k%)
Bulgaria$3.36M (1%)
Malta$2.35M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Albania WERE (2021 - 2022):
North Macedonia-$27.9M (-51.8%)
Serbia-$4.54M (-42.6%)
Montenegro-$1.72M (-36.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Albania's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSerbia+ $758k
TOP IMPORT POTENTIALItaly+ $2.69M

Raw Iron Bars’s highest export potential is Serbia. With an export gap of $758k.   Raw Iron Bars’s highest import potential is Italy with an import gap of $2.69M.

See methodology.

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