TIRANA, Sept 14 /ATA/ – Trade exchanges with Germany accounted for 6.6% of the total of Albania’s trade exchanges in the first seven months of 2021, ranking as the country’s fourth trade partner, according to the National Institute of Statistics (INSTAT).
INSTAT data showed that trade exchanges with Germany were valued at 42 billion lek in the first seven months.
Exports to Germany were valued at 11.2 billion lek, up from 9.4 billion lek estimated in 2020.
According to the INSTAT’s Foreign Trade Report, the textile and footwear group has contributed most to growth of exports to Germany during the reviewed period, followed by the construction material and metals group.
Data show that imports from Germany also grew compared to the same period of previous year, with their value estimated at 30.7 billion lek from 25 billion lek in 2020.
The Federal Government has invested more than one billion euros in grants and loans since 1988, making Germany one of largest bilateral donors to the country.
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