The trade deficit in Albania decreased to ALL 28.1 billion in October 2018 from ALL 32.7 billion in the same month of the previous year. Exports jumped 21.2 percent year-on-year to ALL 30.1 billion, boosted by minerals, fuels & electricity (+8.8 percent); machinery, equipment & spare parts (+4.0 percent) and construction materials & metals (+3.1 percent). Among major trading partners, exports increased to Italy (+3.5 percent); Spain (+91.7 percent) and Kosovo (+46.8 percent). Additionally, imports went up at a much slower 1.0 percent to ALL 58.2 billion, driven by purchases of machinery & equipment (+1.2 percent); wood & paper products (+0.8 percent) and construction materials & metals (+0.4 percent). Contrarily, imports declined 2.1 percent for minerals, fuels & electricity. Purchases rose from Turkey (+1.7 percent); China (+17.9 percent) and Germany (+3.4 percent); while those from Italy (-4.3 percent); Russia (-28.1 percent) and Switzerland (-53 percent) decreased. Balance of Trade in Albania averaged -17479.85 ALL Million from 1993 until 2018, reaching an all time high of -974.05 ALL Million in April of 1997 and a record low of -39313.20 ALL Million in December of 2011.

Balance of Trade in Albania is expected to be -39000.00 ALL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Albania to stand at -27261.00 in 12 months time. In the long-term, the Albania Balance of Trade is projected to trend around -38500.00 ALL Million in 2020, according to our econometric models.

Albania Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 10:00 AM Balance of Trade ALL-31B ALL-27B ALL -29.5B
2018-09-17 09:40 AM Balance of Trade ALL-28B ALL-31B ALL -31B
2018-10-17 09:10 AM Balance of Trade ALL-25B ALL-28B ALL -29.7B
2018-11-19 11:00 AM Balance of Trade ALL-28B ALL-25B ALL -31.8B
2018-12-17 11:00 AM Balance of Trade ALL-28B ALL -29.1B
2019-01-17 11:00 AM Balance of Trade ALL -39B
2019-02-19 11:00 AM Balance of Trade


Albania Trade Last Previous Highest Lowest Unit
Balance of Trade -28064.00 -24721.00 -974.05 -39313.20 ALL Million [+]
Exports 30087.00 26160.00 30124.90 96.64 ALL Million [+]
Imports 58151.00 50881.00 60805.50 1601.39 ALL Million [+]
Current Account -172.59 -164.57 32.35 -453.26 EUR Million [+]
Current Account to GDP -6.40 -7.50 2.24 -15.70 percent [+]
Capital Flows -264.52 -127.49 357.92 -377.86 EUR Million [+]
Gold Reserves 1.60 1.60 3.73 1.57 Tonnes [+]
Foreign Direct Investment 212.00 281.90 337.40 28.01 EUR Million [+]
External Debt 8111.40 7948.50 8111.40 2405.70 EUR Million [+]
Crude Oil Production 14.00 14.00 24.00 5.00 BBL/D/1K [+]
Terrorism Index 1.49 1.10 2.12 0.00 [+]
Tourist Arrivals 3142318.00 1242616.00 3142318.00 62116.00 [+]
Remittances 181.71 148.63 295.68 115.07 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Albania Balance of Trade

Albania’s structural deficiencies are the main factor behind consistent trade deficits. Albania’s main exports are footwear, clothing, metals, fuels and lubricants, raw materials, machinery and equipment and food. Albania’s main imports are machinery and equipment, fuels and lubricants, food, chemicals and beverages and tobacco. Albania’s main trading partners are Italy, Greece, Turkey, China, Germany, Serbia, Switzerland, Spain, France, Macedonia and Bulgaria. This page provides the latest reported value for - Albania Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Albania Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-28064.00 -24721.00 -974.05 -39313.20 1993 - 2018 ALL Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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