Meanwhile, throughout 2020, the imports of this group are estimated at ALL 133.8 billion.

Imports for the basic goods of the manufacturing industries are driven by the expansion of the activity of these sectors and the growing interest of enterprises in the use of modern technologies that improve the quality of production.

Referring to INSTAT data, during 2020, Italy, China and Turkey were the main partners with the largest volume in terms of import value of this category. A total of ALL 5.1 billion of machinery, equipment and spare parts were imported from Italy.

All 4.2 billion ALL of machinery, equipment and spare parts were imported from China. While 1.45 billion ALL of machinery, equipment and spare parts were imported from Turkey.

The inflow of FDI in Albania has maintained a positive upward trend over the years. Despite the situation triggered by the COVID-19 pandemic, Albania is still conducive to foreign investors.

Foreign direct investments during 2020 were 933 million euros, according to balance of payments statistics published by the Bank of Albania.

For development of the Albanian economy, the focus will be on attraction of foreign direct investment with priority in sectors where the Albanian economy has untapped potential both in terms of natural resources and in the development of sectors that are not yet performing to their full potential. Such sectors are the renewable energy, tourism, agribusiness, infrastructure and services delivery.
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