TIRANA, June 2 /ATA/ – EUROSTAT has published the data on trade in services noting that Albania saw a trade surplus in services with EU.
Exports of services from Albania to EU were estimated at EUR 857.9 mln, as compared to EUR 812.7 mln the previous year, increasing by 6%. Albania’s trade surplus in services saw an expansion of nearly 60%.
For the second year in a row the exports of Albanian services outpaced the import of services by a difference of EUR 77.4 mln.
The category of services includes: maintenance and repair services; transport; travel; construction; insurance and pension services; financial services; the use of intellectual property; telecommunications and IT services; other business services; entertainment services; government services; etc.
In the backdrop of technological development and growth of globalization, trade in services is gaining momentum. The European Union is one of the main trading partners of Albania. Trade in services implies the sale and distribution of intangible products, from the producer to the consumer.
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