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INSTAT: Trade exchanges with EU account for 62 % of trade volume

TIRANA, Aug 21 /ATA/ Trade exchanges with EU countries account for 62.5% of overall trade volume.

According to data published by INSTAT in the foreign trade report, in July 2022, exports to EU countries accounted for 78.1% of total exports and imports from EU countries accounted for 54.9% of total imports.
Referring to the data, the main trade partners are Italy with 30.7%, Greece with 7.2%, China with 6.1% and Turkey with 6.1%.

Meanwhile, trade exchanges in the seven months of 2022 with EU countries account for 60.6% of all trade volume.

According to INSTAT, in the period January – July 2022, exports to EU countries account for 73.9% of total exports and imports from EU countries account for 53.1% of total imports. The main trading partners are Italy with 31.3%, Turkey with 8%, Greece with 6.8% and Germany with 6.4%.

In this seven-month period, exports of goods reached the value of 293 billion ALL, increasing by 40.1%, while imports of goods reached the value of 528 billion ALL, increasing by 23.9%, compared to a year ago.
The trade deficit reached the value of ALL 235 billion, increasing by 8.3%, compared to the same period of 2021.
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