2018
Exports
$39.2MWorld Rnk 75 / 212
Flag Rnk 20 / 837
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2018
Imports
$18.4MWorld Rnk 60 / 187
Flag Rnk 93 / 1116
2022
ECONOMIC COMPLEXITY of Albania
-0.24Rnk 77 / 133

About

Exports In 2018, Albania exported $39.2M in Scrap Iron, making it the 75th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 20th most exported product in Albania. The main destination of Scrap Iron exports from Albania are: Turkey ($28.3M), Greece ($7.5M), Italy ($3.07M), India ($310k), and Switzerland ($1.06k).

The fastest growing export markets for Scrap Iron of Albania between 2021 and 2022 were Turkey ($23.7M), Greece ($5.76M), and Italy ($1.38M).

Imports In 2022, Albania imported $18.4M in Scrap Iron, becoming the 60th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 93rd most imported product in Albania. Albania imports Scrap Iron primarily from: North Macedonia ($12.8M), Greece ($5.53M), Montenegro ($65.9k), Netherlands ($3.79k), and Turkey ($1.79k).

The fastest growing import markets in Scrap Iron for Albania between 2021 and 2022 were Greece ($5.09M), Netherlands ($3.79k), and Turkey ($1.79k).

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 Scrap Iron. 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)$39.2M
IMPORTS (2022)$18.4M
NET TRADE (2022)$20.8M

In 2022, Albania exported $39.2M in Scrap Iron. The main destinations of Albania exports on Scrap Iron were Turkey ($28.3M), Greece ($7.5M), Italy ($3.07M), India ($310k), and Switzerland ($1.06k).

In 2022, Albania imported $18.4M in Scrap Iron, mainly from North Macedonia ($12.8M), Greece ($5.53M), Montenegro ($65.9k), Netherlands ($3.79k), and Turkey ($1.79k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Albania WERE (2021 - 2022):
Turkey$23.7M (516%)
Greece$5.76M (332%)
Italy$1.38M (81.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Albania WERE (2021 - 2022):Malaysia-$49.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Scrap Iron were:
In 2022, Albania's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $4.65M
TOP IMPORT POTENTIALNetherlands+ $31.5k

Scrap Iron’s highest export potential is Turkey. With an export gap of $4.65M.   Scrap Iron’s highest import potential is Netherlands with an import gap of $31.5k.

See methodology.

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