TIRANA, April 18 /ATA/ – Albania’s exports were valued at 42 billion lek in March, falling 11.7 % compared to the same period of the previous year, data from the National Institute of Statistics (INSTAT) showed on Tuesday.
However, according to INSTAT’s recent Foreign Trade Report, the country’s exports rose 9.8 % compared to the previous month of February.
The decline in volume of exports was mainly influenced by the construction material and metals group that decreased by 8.6 percentage points, the minerals, fuel and electricity group with e decrease by 4.8 percentage points and the chemical and plastic products by 0.6 percentage points.
Imports also decreased in March, with total of imports being valued at around 81 billion lek, down by 3.7 % year-on-year, and up by 15.9% compared to a month earlier.
In March alone, Albania’s trade deficit totalled 38 billion leks, up 6.9% year-on-year, and 23.3% compared to February 2023.
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