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Albania's exports in April 2024 return to a positive trend

29 may 2024

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In April 2024, Albania's exports recorded positive growth, reversing the downward trend of recent months. The change was mainly driven by increased fuel sales to Spain and a surge in food, beverage and tobacco exports, BalkanEngineer.com learned from Albaniandailynews.com. However, the textile and footwear sectors, which are also the largest segment of Albanian exports, continue to show a decline.

 

 

According to Albania's national statistics office, INSTAT, the country's trade deficit in April remained relatively stable year-on-year at 41 billion lek (408 million euros). Exports recorded an increase of 1.8% compared to the previous year, reaching 35 billion Lek, while imports saw a moderate growth of 0.6%, totaling 75 billion Lek. Italy maintains its position as Albania's main trading partner, with exports to the country amounting to 13.7 billion Lek and imports reaching 16 billion Lek.

 

In April 2024, Albania's trade with European Union (EU) countries represented 58.4% of the country's entire trade exchange. Exports to the EU accounted for 69.0% of total exports, and imports from the EU accounted for 53.5% of total imports. Apart from Italy, the countries China, Turkey and Greece also emerged as the main trading partners of Albania.

 

Photo source: canva.com

 

 

 

 

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