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Albania’s trade gap widens 31% y/y in Jan

Albania’s trade gap widens 31% y/y in Jan

Albania’s trade deficit increased by 31% year-on-year in January, reaching 21.3 billion leks ($199 million/160 million euro), the national statistical office, INSTAT, said on Monday.

Exports rose 24% on the year to 23 billion leks in the January, while imports increased 27% to 45 billion leks, INSTAT said in a statement.

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Italy remained Albania’s main trading partner in the in January, absorbing Albanian exports of 11.7 billion leks and providing imports to the country of 10.2 billion leks. Other major importers into Albania were China, Turkey and Greece.

Albania exported mainly textile and footwear, construction materials and metals, food, drinks and tobacco.

(1 euro=132.188 leks)

News Source: SeeNews

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