TIRANA, Jan 17 /ATA/ Exports of goods recorded a decrease in 2024.
The Institute of Statistics (INSTAT) published the foreign trade report today, according to which, exports reached a value of 373 billion lek, marking a decrease of 15.4% compared to the previous year.
Meanwhile, goods imports reached a value of 894 billion lek, marking an increase of 2.5% compared to the previous year.
The trade deficit, according to INSTAT, reached a value of 522 billion lek, increasing by 20.7% compared to 2023.
INSTAT data show that the annual decline in exports was mainly driven by the “minerals, fuels, and electricity” category, which had a negative impact of 5.3 percentage points, followed by “textiles and footwear” with 4.8 percentage points, and “construction materials and metals” with 4.1 percentage points.
The groups that had a positive impact on the annual increase in imports were “machinery, equipment, and spare parts” with 2.9 percentage points, “food, beverages, and tobacco” with 1.2 percentage points, among others.
On the other hand, the groups that negatively impacted the increase in imports were “minerals, fuels, and electricity” with 1 percentage point, “textiles and footwear” with 0.9 percentage points, and “construction materials and metals” with 0.3 percentage points.
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