Category: <span>Market and Trade</span>

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Albania Exports up 31.1% in September
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Albania Exports up 31.1% in September

TIRANA, October 18 September exports +31.1% year/year September imports + 31.6% year/year September trade balance + 32.0% year/year In September 2021, the total volume of goods exported was Lek 33 billion 31.1 percent year-on-year, as reported by the Albanian Institute of Statistics (INSTAT). The increase was mainly seen in exports of construction materials and metals,...

How to Get the Approved Exporter Status in Albania?
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How to Get the Approved Exporter Status in Albania?

TIRANA, October 14, 2021 The General Directorate of Customs in Albania issued a guideline on how to obtain the Approved Exporter status. Based on the announcement, all interested subjects can start an application through the e-Albania platform. This status offers two types of advantages to its holders. First, it eliminates queue times when dealing when...

Exports Up by Over 30% in July
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Exports Up by Over 30% in July

TIRANA, August 18 In July 2021 the total volume of commodities exports rose to Lek, 32 billion, up by 30.6 percent year-over-year (y-o-y) as reported by the Albanian Institute of Statistics (INSTAT) on Tuesday. Exports surged on account of a growth in the trade of construction materials and metals, minerals, fuels, and electricity, and machinery,...

Exports up 21.9 in Q1, BoA Says
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Exports up 21.9 in Q1, BoA Says

TIRANA, May 17 Albania’s exports rose 21.9 percent over a year ago on January – March (Q1), the Bank of Albania (BoA) confirmed. According to the Central Bank, construction materials and metals had a major contribution to export growth as consumer demand in international markets strengthened. Moreover, other groups of exported goods that had a...

Albania’s March Exports Up 78.1%, Trade Deficit Widens
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Albania’s March Exports Up 78.1%, Trade Deficit Widens

TIRANA, April 21 Albania’s exports in March grew by 78.1 percent from a year earlier, the largest gain in over four years, data from the Institute of Statistics (INSTAT) showed on Tuesday. March exports stood at Lek 32 billion while imports grew by 45.3 percent to Lek 64 billion. The trade deficit widened by 23.4...

Albania Exports Begin 2021 with y-o-y Monthly High
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Albania Exports Begin 2021 with y-o-y Monthly High

TIRANA, February 17 Albania’s exports started the new year with a high monthly figure as sales reached Lek 24 billion, the Institute of Statistics (INSTAT) confirmed on Wednesday. Exports increased 3.1 percent year-on-year in January 2021, and 2.8 percent compared to December 2020. In the meantime, January imports increased 8.4 percent to amount to Lek...

Albania Exports Down 9% in 2020
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Albania Exports Down 9% in 2020

TIRANA, January 18 In 2020, Albania exports amounted to Lek 272 billion. This is 9.0 percent less compared to 2019, the Institute of Statistics confirmed on Monday. Imports were worth Lek 605 billion, which is 6.8 percent less compared to 2019. Meanwhile, the trade deficit was Lek 333 billion at the end of December, a...

Albania Exported €5.7mln Worth of Face Masks in Jan-Jul
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Albania Exported €5.7mln Worth of Face Masks in Jan-Jul

TIRANA, October 7 Albanian textile and footwear manufacturing businesses switched to producing face masks following the suspension of contracts from their main buyers when the COVID-19 pandemic hit. The Albanian textile and footwear manufacturing industry comprise some of the most advanced businesses especially in terms of export volume. However, the pandemic outbreak had a huge...

Albania’s’ GDP Down by 10.2% in Q2 amid COVID-19 Crisis
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Albania’s’ GDP Down by 10.2% in Q2 amid COVID-19 Crisis

TIRANA, September 30 Albania’s Gross Domestic Product (GDP) fell at a rate of 10.2 percent during the second quarter of 2020, the Institute of Statistics confirmed on Wednesday. The significant drop in outputs reflected the worst-hit period by the pandemic lockdown, travel restriction, and prevention measures to prevent the spared of the virus. Data from...

COVID-19 Hurts Freight and Passenger Markets
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COVID-19 Hurts Freight and Passenger Markets

TIRANA, September 28 Albania saw a significant drop in the performance of the transport sector in January-August 2020 compared to the same period a year earlier, the Institute of Statistics confirmed on Monday. According to the data, the performance of the freight transport declined by 9.7 percent in Jan-Aug 2020. Rail transport declined by 39.9...