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Albania's trade gap narrows in Jan

Trade

Albania's trade deficit shrank by 7.7% year-on-year in January, to ALL 20 billion (EUR 164.8 million), the statistics office said on Thursday.

Exports rose by 47.5% on the year to ALL 35 billion, while imports increased by 21.1% to ALL 55 billion.

Italy remained Albania's main trading partner in January, absorbing Albanian exports of ALL 16.4 billion and providing imports of ALL 13.5 billion to the country.

In 2021, Albania's trade deficit widened by 29.6% year-on-year to ALL 432 billion (EUR 3.56 billion).

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