Albania’s exports were valued at 16 billion lek in August, registering a growth of 6.8percent compared to the same period of 2015 and a 27.1 percent decrease compared to the previous month of July, according to data published by the National Institute of Statistics, INSTAT.
In its foreign trade report, INSTAT estimated that imports were valued at 46 billion lek, registering a growth of 14.3 percent compared to the same period of 2015 and a 8.4 percent decrease compared to the previous month of July of this year.
INSTAT figures show that the country’s trade deficit for the month of August was 29 billion lek, increasing by 19 percent compared to the same period of the previous year and by 6.9 percent compared to the previous month of July.
In annual increase of exports by 6.8 % this month a positive contribution was given by the groups: “Textile and footwear” with +6.4 percentage point, “Food, beverage, tobacco” with +1.6 percentage point and “Construction materials and metals” with +1.3 percentage point. While a negative contribution was given by the groups: “Minerals, fuels, electricity” with -3.3 percentage point, “Wood manufactories and article of paper” with -0.3 percentage point and “Leather and leather manufactories” with -0.1 percentage point.
Trade with countries in the euro zone accounted for 62.6 percent of the exchanges in August, according to data published by the National Institute of Statistics, INSTAT.
According to the INSTAT’s Foreign Trade Report, Albania’s exports to EU member states accounted for 74.0 percent of the country’s total exports, whereas imports accounted for 58.5 percent of the total. Italy, Greece, China and Turkey emerged as Albania’s main trading partners, respectively accounting for 28.6 %, 7.4 %,7.1 %, and 6.7 % of the total of exchanges.
In August 2016, countries with which Albania registered highest increase of exports, compared to August 2015 were Spain (4.4 %), Macedonia (6.1 %) and Greece (34.5 %). While, countries with which has had a decrease of exports are: Italy with 10.9 %, Kosovo with 9.0 % and Germany with 11.6 %.