The trade gap in Albania rose to ALL 31 billion in May of 2019 from ALL 27 billion in the same month of the previous year. Exports fell 8.2% to ALL 28 billion, dragged down by lower sales of textiles & footwear (-6.9%); minerals, fuels, electricity (-19.8%); construct, materials & metals (-14.8%) and food, beverages & tobacco (-1.3%). Meanwhile, imports increased 3.8% to ALL 59 billion, boosted by purchases of textiles & footwear (+4.7%); construct, materials & metals (+13.3%) and minerals, fuels & electricity (+33.1 percent). On the other hand, imports dropped for machinery, equipment & parts (-2.6%) and food, beverages & tobacco (-3.1%). Balance of Trade in Albania averaged -17742.41 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 0.00 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.