The trade deficit in Albania decreased to ALL 28.8 billion in November 2018 from ALL 29.3 billion in the same month of the previous year. Exports surged 6.7 percent to ALL 27.1 billion, boosted by sales of textiles, footwear (7.2%); wood & paper products (66.3%); construction materials & metals (11.2%) and chemicals and plastic products (28.3%). In contrast, shipments fell primarily for minerals, fuels & electricity (-2.6%). Among major trading partners, exports grew to Kosovo (34.9%), Spain (63.9%) and Germany (22.4%) but decreased to Italy (-2.3%), China (-21.5%) and the US (-14.4%). Meantime, imports rose at a slower 2.3 percent to ALL 55.9 billion, mainly led by purchases of machinery & equipment (18.9%) and minerals, fuels & electricity (31.9%). Conversely, imports went down mostly for food, beverages & tobacco (-12.3%). Purchases rose from Turkey (1.6%), China (3.3%) and Germany (5.8%) while they fell from Italy (-7.4 percent) and Russia (-64.6%). Balance of Trade in Albania averaged -17519.35 ALL Million from 1993 until 2018, reaching an all time high of -974.05 ALL Million in April of 1997 and a record low of -39313.20 ALL Million in December of 2011.

Balance of Trade in Albania is expected to be -39000.00 ALL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Albania to stand at -27130.00 in 12 months time. In the long-term, the Albania Balance of Trade is projected to trend around -38500.00 ALL Million in 2020, according to our econometric models.

Albania Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-17 09:40 AM Balance of Trade ALL-28B ALL-31B ALL -31B
2018-10-17 09:10 AM Balance of Trade ALL-25B ALL-28B ALL -29.7B
2018-11-19 11:00 AM Balance of Trade ALL-28B ALL-25B ALL -31.8B
2018-12-17 11:00 AM Balance of Trade ALL-29B ALL-28B ALL -29.1B
2019-01-17 11:00 AM Balance of Trade ALL-29B ALL -33.8B
2019-02-18 11:00 AM Balance of Trade
2019-03-18 11:00 AM Balance of Trade


Albania Trade Last Previous Highest Lowest Unit
Balance of Trade -28819.30 -28112.20 -974.05 -39313.20 ALL Million [+]
Current Account -146.41 -172.59 32.35 -453.26 EUR Million [+]
Current Account to GDP -6.40 -7.50 2.24 -15.70 percent [+]
Imports 55933.40 58221.50 60809.20 1601.39 ALL Million [+]
Exports 27114.10 30109.30 30164.00 96.64 ALL Million [+]
Capital Flows -143.01 -264.52 357.92 -377.86 EUR Million [+]
Gold Reserves 1.60 1.60 3.73 1.57 Tonnes [+]
Foreign Direct Investment 212.00 281.90 337.40 28.01 EUR Million [+]
External Debt 8041.30 8111.40 8111.40 2405.70 EUR Million [+]
Crude Oil Production 14.00 14.00 24.00 5.00 BBL/D/1K [+]
Terrorism Index 1.49 1.10 2.12 0.00 [+]
Tourist Arrivals 3142318.00 1242616.00 3142318.00 62116.00 [+]
Remittances 181.71 148.63 295.68 115.07 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Albania Balance of Trade

Albania’s structural deficiencies are the main factor behind consistent trade deficits. Albania’s main exports are footwear, clothing, metals, fuels and lubricants, raw materials, machinery and equipment and food. Albania’s main imports are machinery and equipment, fuels and lubricants, food, chemicals and beverages and tobacco. Albania’s main trading partners are Italy, Greece, Turkey, China, Germany, Serbia, Switzerland, Spain, France, Macedonia and Bulgaria. This page provides the latest reported value for - Albania Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Albania Balance of Trade - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-28819.30 -28112.20 -974.05 -39313.20 1993 - 2018 ALL Million Monthly




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3784.00 Oct/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 3799.41 Nov/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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