Imports to Albania rose 2.3 percent year-on-year to ALL 59.5 billion in July 2019, boosted by higher purchases of mineral, fuels & electricity (20.3 percent); food, beverages & tobacco (6.2 percent); and textile & footwear (6.1 percent). Meantime, purchases of machinery, equipment & spare parts declined 1.2 percent. Among major trading partners, imports advanced from Italy (2.7 percent), Greece (11 percent) and Turkey (4.3 percent) but decreased from China (-2.3 percent), Spain (-28 percent) and Russia (-66.6 percent). Imports in Albania averaged 27890.57 ALL Million from 1993 until 2019, reaching an all time high of 60809.20 ALL Million in December of 2017 and a record low of 1601.39 ALL Million in March of 1997.
Imports in Albania is expected to be 50000.00 ALL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Albania to stand at 55200.00 in 12 months time. In the long-term, the Albania Imports is projected to trend around 64000.00 ALL Million in 2020, according to our econometric models.