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Albania trade gap narrows 10% in 2020

Trade

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Albania's trade deficit decreased by 9.9% year-on-year in 2020, to ALL 333 billion (EUR 2.7 billion), the statistics office said on Monday.

Exports fell by 9% on the year to ALL 272 billion in 2020, while imports decreased by 6.8% to ALL 605 billion, the Tirana-based agency said.

In December alone, Albania's trade deficit amounted to ALL 38 billion, up 13.9% year-on-year. Italy remained Albania's main trading partner last year, absorbing Albanian exports of ALL 123.5 billion and providing imports of ALL 151.9 billion to the country.

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