TIRANA, July 4 /ATA/ Exports in value to Germany in the first five months of this year decreased, compared to the same period a year ago.
Referring to the data, exports to Germany are estimated at 11.2 billion ALL, from 15.8 billion ALL for the same period in 2022.
The decrease of exports by ALL 4.6 billion is attributed to the group of minerals, fuel and electricity. The data show that from ALL 9.5 billion, which was the value of exports of minerals, fuels and electricity, they fell to ALL 4.7 billion, in the first 5 months of 2023.
Unlike exports, imports increased by about 2 billion ALL compared to 2022, reaching 25 billion ALL from 23.2 billion ALL in 2022.
Trade exchanges with Germany in the first five months of 2023 are reckoned at about 6% of the total, ranking this country as the fifth trading partner of our country.
The Federal Government has invested in Albania since 1988 more than one billion euros in the form of grants and loans, which makes Germany one of the largest bilateral donors in the country.
Foreign direct investment flows reached 91 million euros.
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