TIRANA, Sept 23 /ATA/ Trade exchanges between Albania and Kosovo are expanding on a year to year basis.
According to the report released by the Institute of Statistics (INSTAT) on foreign trade, exports to Kosovo during the period January-August reached over ALL 23.5 billion, marking an increase of 55.3% compared to the
same period in 2020. While imports are estimated at over 7.6 billion ALL.
Albania’s main exports to Kosovo include construction materials and metals, minerals and fuels, food and chemical and plastic products. The main contributors to the structure of exports are domestic wood products / furniture such as chairs and armchairs.
Also among the best-performing exports are agricultural products such as tomatoes, citrus fruits, melons and cucumbers.
During this period, referring to the data, Albania has exported more to Kosovo construction materials and metals. The value of exports of this group is estimated at over 10 billion ALL.
Also, Albania has exported to Kosovo, staples and beverages in the amount of ALL 3 billion and minerals, fuels and electricity in the amount of ALL 5.4 billion.
But economic exchanges between the two countries are much broader than exports and imports. They extend to economic exchanges in the tourism industry, financial services, exchanges in the field of education and technology, transport or telecommunications.
There is greater potential for the specialization of economic cooperation and increased competitiveness, through the consolidation of the value chain through cross-sectoral exchanges, in areas such as agro-processing, chemical and cosmetic industries, production of plastic and paper packaging, processing of metals, etc.
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