2023
Exports
$82.9MWorld Rnk 48 / 170
Flag Rnk 10 / 848
2023
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.34Rnk 913 / 1025
2023
Imports
$201MWorld Rnk 27 / 220
Flag Rnk 4 / 1119
2023
ECONOMIC COMPLEXITY of Albania
-0.33Rnk 77 / 132

About

Exports In 2023, Albania exported $82.9M in Raw Iron Bars, making it the 48th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 10th most exported product in Albania. The main destination of Raw Iron Bars exports from Albania are: North Macedonia ($43.9M), Serbia ($23M), Montenegro ($6.29M), Croatia ($6.21M), and Bulgaria ($3.3M).

The fastest growing export markets for Raw Iron Bars of Albania between 2022 and 2023 were Serbia ($16.9M), North Macedonia ($16M), and Montenegro ($3.28M).

Imports In 2023, Albania imported $201M in Raw Iron Bars, becoming the 27th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 4th most imported product in Albania. Albania imports Raw Iron Bars primarily from: Turkey ($62.8M), Oman ($47.4M), Libya ($39.2M), Saudi Arabia ($25.9M), and Greece ($16.1M).

The fastest growing import markets in Raw Iron Bars for Albania between 2022 and 2023 were Oman ($47.4M), Libya ($39.2M), and Saudi Arabia ($25.9M).

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)$82.9M
IMPORTS (2023)$201M
NET TRADE (2023)-$118M

In 2023, Albania exported $82.9M in Raw Iron Bars. The main destinations of Albania exports on Raw Iron Bars were North Macedonia ($43.9M), Serbia ($23M), Montenegro ($6.29M), Croatia ($6.21M), and Bulgaria ($3.3M).

In 2023, Albania imported $201M in Raw Iron Bars, mainly from Turkey ($62.8M), Oman ($47.4M), Libya ($39.2M), Saudi Arabia ($25.9M), and Greece ($16.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Albania WERE (2022 - 2023):
Serbia$16.9M (275%)
North Macedonia$16M (57.1%)
Montenegro$3.28M (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Albania WERE (2022 - 2023):
Croatia-$16.8M (-73%)
Malta-$2.61M (-100%)
Bulgaria-$403k (-10.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Albania's main exporting competitors in Raw Iron Bars were:
Turkey $2.16B
China $1.97B
In 2023, Albania'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 POTENTIALSerbia+ $758k
TOP IMPORT POTENTIALItaly+ $2.69M

Raw Iron Bars’s highest export potential is Serbia. With an export gap of $758k.   Raw Iron Bars’s highest import potential is Italy with an import gap of $2.69M.

See methodology.

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