2023
Exports
$18.2MWorld Rnk 45 / 123
Flag Rnk 11 / 682
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.48Rnk 693 / 1025
2023
Imports
$58.5MWorld Rnk 54 / 213
Flag Rnk 16 / 1063
2023
ECONOMIC COMPLEXITY of Benin
-0.43Rnk 83 / 132

About

Exports In 2023, Benin exported $18.2M in Hot-Rolled Iron Bars, making it the 45th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 11th most exported product in Benin. The main destination of Hot-Rolled Iron Bars exports from Benin are: Chad ($15.2M), Togo ($1.65M), China ($859k), Nigeria ($330k), and United Arab Emirates ($206k).

The fastest growing export markets for Hot-Rolled Iron Bars of Benin between 2022 and 2023 were Chad ($8.63M), Togo ($772k), and Nigeria ($330k).

Imports In 2023, Benin imported $58.5M in Hot-Rolled Iron Bars, becoming the 54th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 16th most imported product in Benin. Benin imports Hot-Rolled Iron Bars primarily from: China ($12.9M), Switzerland ($11.3M), Belgium ($10.6M), South Africa ($5.01M), and Nigeria ($4.84M).

The fastest growing import markets in Hot-Rolled Iron Bars for Benin between 2022 and 2023 were Belgium ($5.98M), Burkina Faso ($4.21M), and South Africa ($2.74M).

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)$18.2M
IMPORTS (2023)$58.5M
NET TRADE (2023)-$40.3M

In 2023, Benin exported $18.2M in Hot-Rolled Iron Bars. The main destinations of Benin exports on Hot-Rolled Iron Bars were Chad ($15.2M), Togo ($1.65M), China ($859k), Nigeria ($330k), and United Arab Emirates ($206k).

In 2023, Benin imported $58.5M in Hot-Rolled Iron Bars, mainly from China ($12.9M), Switzerland ($11.3M), Belgium ($10.6M), South Africa ($5.01M), and Nigeria ($4.84M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Benin WERE (2022 - 2023):
Chad$8.63M (132%)
Togo$772k (88.2%)
Nigeria$330k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Benin WERE (2022 - 2023):
United Arab Emirates-$228k (-52.6%)
Niger-$87.8k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Benin's main exporting competitors in Hot-Rolled Iron Bars were:
China $2.23B
Germany $1.17B
Italy $808M
In 2023, Benin'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 POTENTIALChina+ $746k
TOP IMPORT POTENTIALGermany+ $1.32M

Hot-Rolled Iron Bars’s highest export potential is China. With an export gap of $746k.   Hot-Rolled Iron Bars’s highest import potential is Germany with an import gap of $1.32M.

See methodology.

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