TIRANA, August 20 /ATA/ During the first seven months of the current year, trade exchanges with Germany are estimated at 6.4% of the total, ranking this country as the fourth trading partner of Albania.
According to the official statistics of the Institute of Statistics, in the January-July period of this year, commercial exchanges reached 52.8 billion ALL.
Referring to the data, exports to Germany increased by 79.3% compared to the same period of 2021. In value, they reached 20.2 billion ALL, from 11.2 billion ALL that were estimated in the 7th month period of 2021.
According to the report on foreign trade, the biggest contributors to the growth of exports were the “textiles and footwear” group, followed by the “construction materials and metals” group.
Referring to the data, imports from Germany also increased compared to the same period of 2021, reaching 32.5 billion ALL, from 30.7 billion ALL in 2021.
Since 1988, Germany has invested in Albania more than one billion Euros in the form of grants and loans, which makes Germany one of the largest bilateral donors in the country. /j.p/p.s./
