TIRANA, Jan 17 /ATA/ – Albania’s exports saw a decline of almost 9.5% percent year-on-year in 2023, according to the latest official data
The value of exported goods reached 440 billion leks n 2023, recording a 9.5 percent decrease compared to the same period last year, according to data published by the National Institute of Statistics, INSTAT.
INSTAT said in its latest Foreign Trade Report on Wednesday that imports also decline by 8.2% compared to the same period last year and were valued at 873 billion lek.
The country’s trade deficit was estimated at 432 billion lek, narrowing by 6.7% compared to 2022.
INSTAT data show that the decrease in country’s exports was mainly triggered by the fall in exports of construction materials and metals by 4.5 percentage points, whereas the minerals, fuel and electricity group saw a 2.8% fall and the textile and footwear group recorded a 1.8 % decline.
The food, beverages and tobacco group registered a 0.8% increase in 2023.
The groups negatively affecting annual imports were the minerals, fuel and electricity suffering a decrease by 7.35, construction materials and metals down by 1.5% and textile and footwear group by 0.8%.
/u.sh/
