Albania Trade Deficit Widens Slightly in July
Albania’s trade deficit widened to ALL 31.8 billion in July 2019 from ALL 31.4 billion in the same month of the previous year. Imports rose 2.3% year-on-year to ALL 59.5 billion boosted by higher purchases of mineral, fuels & electricity (20.3%); food, beverages & tobacco (6.2%); and textile & footwear (6.1%). Meantime, purchases of machinery, equipment & spare parts declined 1.2%. Among major trading partners, imports advanced from Italy (2.7%), Greece (11%) and Turkey (4.3%) but decreased from China (-2.3%), Spain (-28%) and Russia (-66.6%). Exports increased 3.6% to ALL 27.7 billion driven by sales of food, beverages & tobacco (34.9%); mineral, fuels & electricity (18.6%) and chemical & plastical products (60.7%) while sales of construction materials & metals dropped (-5.3%). Exports went up to Spain (42.1%), Germany (17.1%) and Kosovo (7.3%) but fell to Italy (-3.6%) and Montenegro (-19.3%).
16 min ago