2022
Exports
$76.4MWorld Rnk 81 / 226
Flag Rnk 11 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$154MWorld Rnk 135 / 225
Flag Rnk 10 / 96
2022
ECONOMIC COMPLEXITY of Albania
-0.24Rnk 77 / 133

About

Exports In 2022, Albania exported $76.4M in Iron or steel articles, making it the 81st largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 11th most exported product in Albania. The main destination of Iron or steel articles exports from Albania are: Italy ($42.5M), Greece ($7.95M), Romania ($3.69M), North Macedonia ($2.27M), and Germany ($2.13M).

The fastest growing export markets for Iron or steel articles of Albania between 2021 and 2022 were Italy ($12.8M), Greece ($2.17M), and Ukraine ($1.61M).

Imports In 2022, Albania imported $154M in Iron or steel articles, becoming the 135th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 10th most imported product in Albania. Albania imports Iron or steel articles primarily from: Italy ($44.3M), China ($33.4M), Turkey ($30.1M), Greece ($12.5M), and Germany ($6.19M).

The fastest growing import markets in Iron or steel articles for Albania between 2021 and 2022 were China ($13.5M), Turkey ($6.28M), and Germany ($3.83M).

Latest Trends

Jul 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 Iron or steel articles. 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)$76.4M
IMPORTS (2022)$154M
NET TRADE (2022)-$77.2M

In 2022, Albania exported $76.4M in Iron or steel articles. The main destinations of Albania exports on Iron or steel articles were Italy ($42.5M), Greece ($7.95M), Romania ($3.69M), North Macedonia ($2.27M), and Germany ($2.13M).

In 2022, Albania imported $154M in Iron or steel articles, mainly from Italy ($44.3M), China ($33.4M), Turkey ($30.1M), Greece ($12.5M), and Germany ($6.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Albania WERE (2021 - 2022):
Italy$12.8M (42.8%)
Greece$2.17M (37.6%)
Ukraine$1.61M (5.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Albania WERE (2021 - 2022):
Serbia-$3.51M (-90.7%)
Tanzania-$604k (-100%)
Ireland-$302k (-85.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Albania's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Albania's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $3.2M
TOP IMPORT POTENTIALChina+ $16.9M

Iron or steel articles’s highest export potential is Germany. With an export gap of $3.2M.   Iron or steel articles’s highest import potential is China with an import gap of $16.9M.

See methodology.

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