Albania’s foreign trade: Italy leading as partner, Turkey second for imports
As Albania’s exports reached the amount of ALL 111 billion for the five-month period of 2017, this growth has also come as a result of the strengthening of trade relations with key partners such as Italy, Kosovo and China.
Italy continues to hold its strong position as the main partner, and for the period January to May 2017 accounted for 54% of exports, though falling from last year when it accounted for 58% of exports.
But there is also a good news for Albania regarding decentralization and dependence on exports.
The main groups leading in exports to Italy were “minerals, fuels” and “textiles and footwear”.
External trade has increased towards almost all partner countries, overcoming the ALL 1 billion to the US and doubling for the exports to Spain and China.
And in Spain, a new market for minerals, fuels and electricity has been found, as this grouping has experienced a six-fold increase, from ALL 617 million in 2016 to over ALL 4 billion in 2017.
The countries to which exports are experiencing a reduction are the United Kingdom, Croatia and Russia, although in small numbers, but above all, there is a halving of exports to Switzerland at ALL 650 million, from over ALL 1 billion of the same period a year ago.
As for imports, which increased by ALL 10 billion over this period, this growth is mainly attributed to the growth in demand for goods from Italy, the countries of the region, including Turkey, where the latter has moved to the position of the second main partner from the fifth that it was ranked last year.
Added demand for goods has been in almost all categories, especially in the “Foods, beverages, tobacco” and “Textiles and footwear” groupings. These demands have been met mainly by the two main partner countries in import, Italy and Turkey.
SCAN
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.