U.S. trade exchanges – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Mon, 03 Feb 2025 10:48:42 +0000 en-US hourly 1 Albanian exports to U.S. decline, value of imports grows by 3 billion lek https://en.ata.gov.al/2025/02/03/albanian-exports-to-u-s-decline-value-of-imports-grows-by-3-billion-lek/ https://en.ata.gov.al/2025/02/03/albanian-exports-to-u-s-decline-value-of-imports-grows-by-3-billion-lek/#respond Mon, 03 Feb 2025 10:48:42 +0000 https://en.ata.gov.al/?p=255644 TIRANA, Feb 3 /ATA/ – The value of Albania’s exports to the United States of America declined in 2024 compared to a year ago, data from the National Institute of Statistics (INSTAT) showed on Monday.

INSTAT data on the country’s foreign trade exchanges show that Albanian exports to U.S. were valued at 7 billion lek in 2024, down from a total of 9.7 billion lek in 2023.

However, imports from the United States rose to a value of 20.5 billion lek, from 17.3 billon lek in 2023.

Albania exports a wide range of products to the United States, mainly food products, medicinal herbs and metals.

Albania is a main exporter of medicinal and aromatic herbs to the United States. The exports growth has been driven by the abolition of the customs duty.

Since 2012, Albania is on the list of 128 countries benefiting from a preferential system that eliminates the customs tax for a wide range of goods.

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]]> https://en.ata.gov.al/2025/02/03/albanian-exports-to-u-s-decline-value-of-imports-grows-by-3-billion-lek/feed/ 0 Albania, U.S. trade exchanges estimated at 24.5 billion lek https://en.ata.gov.al/2024/12/26/albania-u-s-trade-exchanges-estimated-at-24-5-billion-lek/ https://en.ata.gov.al/2024/12/26/albania-u-s-trade-exchanges-estimated-at-24-5-billion-lek/#respond Thu, 26 Dec 2024 16:36:48 +0000 https://en.ata.gov.al/?p=252748 TIRANA, Dec 26 /ATA/ – Bilateral trade exchanges between Albania and the United States of America increased between January and November 2024, with the two-way trade in goods between the two countries totaling 24.5 billion lek, up from 19.9 billion lek during same period of the previous year.

National Institute of Statistics (INSTAT) data on foreign trade show that Albania’s exports to U.S. are valued at 6.5 billion lek, up from four billion lek in 2023.

Imports from the United States also significantly increased to around 18 billion lek from 15.9 billion lek in 2023.

Albania exports a wide range of products to the United States, mainly food products, medicinal herbs and metals.

Albania is a main exporter of medicinal and aromatic herbs to the United States. The exports growth has been driven by the abolition of the customs duty. Since 2012, Albania is on the list of 128 countries benefiting from a preferential system that eliminates the customs tax for a wide range of goods.

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