The trade deficit in Albania increased to ALL 27 billion in February 2019 from ALL 22 billion in the same month of the previous year. Imports went up 8.1 percent to ALL 50 billion, boosted by higher purchases of minerals, fuels & electricity (69.3 percent); chemical & plastic products (7.6 percent) and wood manufactures & article of paper (23.8 percent). Among major trading partners, imports rose from Turkey (21.1 percent); China (12.7 percent) and Germany (8.2 percent). Meantime, exports dropped 5.4 percent to ALL 23 billion, as sales went down for minerals, fuels & electricity (-27.8 percent); construction materials & metals (-15.4 percent) and textiles & footwear (-0.8 percent). Shipments decreased to Italy (-4.1 percent); Spain (-22.9 percent) and USA (-16.1 percent). Balance of Trade in Albania averaged -17624.76 ALL Million from 1993 until 2019, 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 -28900.00 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 -38800.00 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-12-17 11:00 AM Balance of Trade ALL-29B ALL-28B ALL -29.1B
2019-01-17 10:15 AM Balance of Trade ALL-38B ALL-29B ALL -33.8B
2019-02-18 10:40 AM Balance of Trade ALL-20B ALL-38B ALL -20.8B
2019-03-18 11:00 AM Balance of Trade ALL-27B ALL-20B ALL- 22B
2019-04-17 08:35 AM Balance of Trade ALL-27B ALL- 28.9B
2019-05-17 09:20 AM Balance of Trade ALL- 31B
2019-06-17 09:45 AM Balance of Trade


Albania Trade Last Previous Highest Lowest Unit
Balance of Trade -27043.80 -20188.90 -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 49638.20 42025.20 60809.20 1601.39 ALL Million [+]
Exports 22594.40 21836.40 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 266.03 210.78 337.40 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 1.01 1.49 2.12 0.00 [+]
Tourist Arrivals 864980.00 3142318.00 3142318.00 62116.00 [+]
Remittances 170.05 181.71 295.68 115.07 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-27043.80 -20188.90 -974.05 -39313.20 1993 - 2019 ALL Million Monthly




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -4483276.00 Jan/19
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


Related

Latest