19.5 C
Tirana
17-10-26
Home Economy

INSTAT: Albania’s exports grow 4.3 % year-on-year in February

TIRANA, March 17 /ATA/ – Albania’s exports grew by 4.3% on the year in February 2025 to a value of around 34 billion euros, according to the National Institute of Statistics (INSTAT)

INSTAT said in its latest Foreign Trade Report on Monday that imports fell by 8.6% to around 68 billion lek in February.

According to INSTAT, Albania’s trade deficit shrank 18.6% year-on-year to an estimated value of 34 billion, but the deficit rose 17.1% compared to the previous month of January 2025.

INSTAT said that exports were valued at 65 billion lek in the first two months of 2025, recording an increase by 4.6 %, whereas imports dropped 4.7% on the year to 128 billion lek.

INSTAT said that the groups contributing to the annual export growth were minerals, fuel and electricity, which registered an increase of 11.1 percent, food, beverages and tobacco by 1.7%, machineries, equipment and spare parts with 0.2%.

On the downside, exports of construction materials and metals fell 6.9%, textile and footwear dropped 1% and chemical and plastic products decreased 0.8 %.

/a.f//u.sh/

Previous articlePM Rama: Albania to receive 300 million euros in support for agriculture after joining EU
Next articlePM Rama says SP program to be unveiled soon, pledges new pension, wage hikes