Albania’s trade deficit shrank to ALL 18.8 billion in January 2020 from 20.2 billion in the corresponding month of the previous year. Exports climbed 5.2 percent from a year earlier to ALL 23.0 billion, boosted by higher sales of minerals, fuels & electricity (+18.4 percent); construct, materials & metals (+16.6 percent) and food, beverages, tobacco (+5.4 percent). On the other hand, exports of textile and footwear fell 4.9 percent. Also, imports edged down 0.7 percent to ALL 41.8 billion, the lowest since January 2017. Imports dropped for minerals, fuels & electricity (-25 percent); textile & footwear (-3.2 percent) and chemical & plastic products (-4.6 percent); while those of machinery, equipment & spare parts (+8.6 percent) and food, beverages & tobacco (+1.5 percent) rose.
Balance of Trade in Albania averaged -18019.19 ALL Million from 1993 until 2020, 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. 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.
Balance of Trade in Albania is expected to be -38800.00 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 -38500.00 in 12 months time. In the long-term, the Albania Balance of Trade is projected to trend around -38500.00 ALL Million in 2021, according to our econometric models.