Albania's trade deficit continues to grow
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INSTAT published yesterday statistics for Albanian economy where is seen an positive trend of Albanian exports in the last month of 2013, but this increase is not enough to reduce the trade deficit of the country because the ratio between imports and exports in Albania remains in favor of goods coming from abroad, reports Albeu.com informative portal.

According to the data on trade exchanges published by INSTAT, exports of goods amounted to ALL 21 billion in December, increasing thus by 19.5 % compared to December 2012.

Groups that have increased the level of exports are those of chemical and plastic products with 37.8 %, wood and paper products by 34.3% and leather and related articles with 23.2 %. The export of the group machines, equipment and spare parts decreased by 11.3 %.

But imports also rose during this period. According to INSTAT, in December 2013 imports of goods amounted to ALL 54 billion, increasing by 15.8 % compared to December 2012.

A greater increase was marked in imports of the groups machinery, equipment and spare parts by 42.4% , textiles and shoes by 23.5% and leather and related articles by 18.9 %.

The import of the group wood and paper products decreased by 14.7 % and that of plastic and chemical products decreased by 10.1%.

The ratio between exports and imports is still in favor of goods coming from abroad. This has made trade deficit to be at the level of ALL 33 billion for this month, marking an increase of 13.5 % compared to December 2012.

Trade exchanges with EU countries occupy 65.7 % of the total trade figures, while the main trading partners are Italy (37 %), Turkey (7.2 %), China (6.5 %) and Greece (6.2 %).
Published on: January 29, 2014 - 4:53 pm
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