2023
Exports
$5.47MWorld Rnk 65 / 123
Flag Rnk 110 / 848
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.48Rnk 693 / 1025
2023
Imports
$29.9MWorld Rnk 71 / 213
Flag Rnk 61 / 1119
2023
ECONOMIC COMPLEXITY of Albania
-0.33Rnk 77 / 132

About

Exports In 2023, Albania exported $5.47M in Hot-Rolled Iron Bars, making it the 65th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 110th most exported product in Albania. The main destination of Hot-Rolled Iron Bars exports from Albania are: North Macedonia ($2.92M), Serbia ($1.7M), Montenegro ($355k), Bulgaria ($247k), and Italy ($233k).

The fastest growing export markets for Hot-Rolled Iron Bars of Albania between 2022 and 2023 were North Macedonia ($1.01M), Serbia ($415k), and Bulgaria ($134k).

Imports In 2023, Albania imported $29.9M in Hot-Rolled Iron Bars, becoming the 71st largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 61st most imported product in Albania. Albania imports Hot-Rolled Iron Bars primarily from: Malaysia ($14M), Algeria ($5.72M), Italy ($4.33M), Greece ($3.83M), and Turkey ($1.94M).

The fastest growing import markets in Hot-Rolled Iron Bars for Albania between 2022 and 2023 were Malaysia ($14M), Algeria ($5.72M), and Greece ($1.08M).

Latest Trends

Jan 2025

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 Hot-Rolled 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)$5.47M
IMPORTS (2023)$29.9M
NET TRADE (2023)-$24.4M

In 2023, Albania exported $5.47M in Hot-Rolled Iron Bars. The main destinations of Albania exports on Hot-Rolled Iron Bars were North Macedonia ($2.92M), Serbia ($1.7M), Montenegro ($355k), Bulgaria ($247k), and Italy ($233k).

In 2023, Albania imported $29.9M in Hot-Rolled Iron Bars, mainly from Malaysia ($14M), Algeria ($5.72M), Italy ($4.33M), Greece ($3.83M), and Turkey ($1.94M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Albania WERE (2022 - 2023):
North Macedonia$1.01M (52.7%)
Serbia$415k (32.3%)
Bulgaria$134k (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Albania WERE (2022 - 2023):
Senegal-$715k (-100%)
Italy-$600k (-72.1%)
Montenegro-$156k (-30.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Albania's main exporting competitors in Hot-Rolled Iron Bars were:
China $2.23B
Germany $1.17B
Italy $808M
In 2023, Albania's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $623k
TOP IMPORT POTENTIALGreece+ $455k

Hot-Rolled Iron Bars’s highest export potential is Italy. With an export gap of $623k.   Hot-Rolled Iron Bars’s highest import potential is Greece with an import gap of $455k.

See methodology.

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