2023
Exports
$21.1MWorld Rnk 74 / 170
Flag Rnk 10 / 682
2023
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.34Rnk 913 / 1025
2023
Imports
$21.7MWorld Rnk 110 / 220
Flag Rnk 45 / 1063
2023
ECONOMIC COMPLEXITY of Benin
-0.43Rnk 83 / 132

About

Exports In 2023, Benin exported $21.1M in Raw Iron Bars, making it the 74th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 10th most exported product in Benin. The main destination of Raw Iron Bars exports from Benin are: Chad ($19M), China ($1.25M), Niger ($771k), Togo ($37.1k), and Nigeria ($474).

The fastest growing export markets for Raw Iron Bars of Benin between 2022 and 2023 were Chad ($7.47M), Niger ($254k), and China ($135k).

Imports In 2023, Benin imported $21.7M in Raw Iron Bars, becoming the 110th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 45th most imported product in Benin. Benin imports Raw Iron Bars primarily from: China ($8.99M), Spain ($4.45M), Switzerland ($2.8M), Morocco ($1.26M), and Turkey ($1.18M).

The fastest growing import markets in Raw Iron Bars for Benin between 2022 and 2023 were China ($6.87M), Morocco ($1.24M), and Hong Kong ($432k).

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 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 (2023)$21.1M
IMPORTS (2023)$21.7M
NET TRADE (2023)-$672k

In 2023, Benin exported $21.1M in Raw Iron Bars. The main destinations of Benin exports on Raw Iron Bars were Chad ($19M), China ($1.25M), Niger ($771k), Togo ($37.1k), and Nigeria ($474).

In 2023, Benin imported $21.7M in Raw Iron Bars, mainly from China ($8.99M), Spain ($4.45M), Switzerland ($2.8M), Morocco ($1.26M), and Turkey ($1.18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Benin WERE (2022 - 2023):
Chad$7.47M (64.8%)
Niger$254k (49%)
China$135k (12.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Benin's main exporting competitors in Raw Iron Bars were:
Turkey $2.16B
China $1.97B
In 2023, Benin'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 POTENTIALChina+ $1.23M
TOP IMPORT POTENTIALTurkey+ $1.54M

Raw Iron Bars’s highest export potential is China. With an export gap of $1.23M.   Raw Iron Bars’s highest import potential is Turkey with an import gap of $1.54M.

See methodology.

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