2022
Exports
$5.22MWorld Rnk 63 / 126
Flag Rnk 101 / 837
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$13.3MWorld Rnk 101 / 210
Flag Rnk 130 / 1116
2022
ECONOMIC COMPLEXITY of Albania
-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $5.22M in Hot-Rolled Iron Bars, making it the 63rd largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 101st most exported product in Albania. The main destination of Hot-Rolled Iron Bars exports from Albania are: North Macedonia ($1.76M), Serbia ($1.29M), Italy ($750k), Senegal ($631k), and Montenegro ($511k).

The fastest growing export markets for Hot-Rolled Iron Bars of Albania between 2021 and 2022 were Italy ($750k), Senegal ($631k), and Bulgaria ($103k).

Imports In 2022, Albania imported $13.3M in Hot-Rolled Iron Bars, becoming the 101st largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 130th most imported product in Albania. Albania imports Hot-Rolled Iron Bars primarily from: Turkey ($7M), Italy ($3.45M), Greece ($2.75M), Serbia ($74.4k), and Bosnia and Herzegovina ($59.6k).

The fastest growing import markets in Hot-Rolled Iron Bars for Albania between 2021 and 2022 were Turkey ($2.34M) and Serbia ($44.5k).

Latest Trends

Oct 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 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 (2022)$5.22M
IMPORTS (2022)$13.3M
NET TRADE (2022)-$8.11M

In 2022, Albania exported $5.22M in Hot-Rolled Iron Bars. The main destinations of Albania exports on Hot-Rolled Iron Bars were North Macedonia ($1.76M), Serbia ($1.29M), Italy ($750k), Senegal ($631k), and Montenegro ($511k).

In 2022, Albania imported $13.3M in Hot-Rolled Iron Bars, mainly from Turkey ($7M), Italy ($3.45M), Greece ($2.75M), Serbia ($74.4k), and Bosnia and Herzegovina ($59.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Albania WERE (2021 - 2022):
Italy$750k (1%)
Senegal$631k (1%)
Bulgaria$103k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Albania WERE (2021 - 2022):
Montenegro-$823k (-61.7%)
Serbia-$516k (-28.7%)
North Macedonia-$117k (-6.24%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, 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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