Annual average exports rate grew by 20.8% in 2010-2014

Albania saw its exports increase during the last five years while the trade deficit declined. This was confirmed in the official report “Foreign Trade in Goods” issued by the Albanian Institute of Statistics (INSTAT) on Friday.  The report that provides information on the trade volume in goods, trade balance and other detailed data the period 2010-2014, shows that during the five-years period the export of goods increased, while import of goods has been fluctuating (ups and downs).

The annual average of export increased 20.8 %. While imports decreased during 2012-2013 and increased in other years. In 2010-2014 the average annual increased about 5.4 %.  The trade deficit has improved, decreasing about 1.3 %.

In 2014, the export increased by 3.8 % and imports by 6.7 %, compared with the previous year. The trade deficit increased about 9.4 % in 2014. The percentage of coverage is 46.3 %, while last year this indicator was 47.6 %. During this period (2010-2014), exports in absolute terms increased significantly to Italy, Greece, Kosovo and Turkey.

Compared with five years ago, maps of Albanian exports is significantly diversify. In 2014, exports with Italy occupy 52 % of total exports, from 50.8 % in 2010; with Kosovo occupy 7.3% of total exports from 6.2 % in 2010; with Spain occupy 6.5 % of total exports from 3.5 % in 2010; with Greece occupy 3.5 % of total exports from 5.4 % in 2010.

News Source: INSTAT