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2022
Exports $4World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Iron Ingots-1.38Rnk 922 / 1025
2022
Imports $927kWorld Rnk 53 / 175
Flag Rnk 356 / 1063
2023
ECONOMIC COMPLEXITY of Benin-0.43Rnk 83 / 132

About

Imports In 2023, Benin imported $927k in Iron Ingots, becoming the 53rd largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 356th most imported product in Benin. Benin imports Iron Ingots primarily from: Angola ($927k).

The fastest growing import markets in Iron Ingots for Benin between N/A and 2023 were Angola ($927k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$4
IMPORTS (2023)$927k
NET TRADE (2023)-$927k

In 2023, Benin imported $927k in Iron Ingots, mainly from Angola ($927k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Benin WERE (N/A - 2022):Slovakia-$4 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Benin's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Benin's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $381
TOP IMPORT POTENTIALIndia+ $339

Iron Ingots’s highest export potential is Italy. With an export gap of $381.   Iron Ingots’s highest import potential is India with an import gap of $339.

See methodology.

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