Albânia Balança Comercial

Albania’s trade deficit widened to ALL 46 billion in October 2024, up from ALL 41.5 billion in the same month of the previous year. Exports plunged by 15.2% year-on-year to ALL 31 billion, weighed down by lower sales in construction materials and metals (contributing -8.2 percentage points), textiles and footwear (-3.5 percentage points), and minerals, fuels, and electricity (-2.9 percentage points). Notable declines in exports were seen to Kosovo (-24%), Italy (-13.6%), and Spain (-4.7%). Meanwhile, imports fell by a softer 1.5% to ALL 77 billion, mainly due to decreased purchases of construction materials and metals (-3.3 percentage points), minerals, fuels, and electricity (-1.0 percentage points), and textiles and footwear (-0.8 percentage points). Imports from North Macedonia (-17.6%) and Italy (-3.4%) also saw significant drops. From January to October, the trade deficit widened to ALL 426 billion from ALL 358 billion in the same period last year.