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Albania Exports Down 44.4% in April
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Albania Exports Down 44.4% in April

TIRANA, May 18 Albania’s good exports shrank 44.4 percent to Lek 15 billion last month compared to the same period of 2019, official data from the Institute of Statistics showed on Monday. Imports in April reached Lek 36 billion, marking a decrease of 36.7 percent compared to April 2019. Trade deteriorated as the country went...

What Does Albania Import from China?
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What Does Albania Import from China?

TIRANA, March 6 How important are imports from China to the Albanian economy? Official data show that imports from China in 2019 increased by 11 percent while the Asian country ranked third in the list of Albania’s top trade partners after Italy and Greece. Now, as coronavirus is spreading small, medium and even large business...

Albania’s Hydro Power Generation Falls 39.1% in 2019
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Albania’s Hydro Power Generation Falls 39.1% in 2019

TIRANA, March 5 The latest numbers on the power sector in Albania seem to point out that climate change could cloud the hydropower sector in a rainless future. According to the Institute of Statistics (INSTAT), Albania’s net electricity generation in 2019 decreased by 39.1 percent compared to 2018. The data show that public hydropower plants...

Albania Exports Up 5.2% in January
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Albania Exports Up 5.2% in January

TIRANA, February 17 Albania’s exports in Janaury rose 5.2 percent on a year-over-year basis, official data from the Institute of Statistics (INSTAT) showed on Monday. Hence, Albania exported Lek 23 billion worth in goods while the country imported a total of Lek 42 billion worth of goods, up 0.7 percent compared to January 2019. Meanwhile,...

Albania Goods Exports Down in 2019
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Albania Goods Exports Down in 2019

TIRANA, January 17 Albania exported goods worth Lek 299 billion in January-December, down by 3.8 percent compared to 2018, the Albanian Institute of Statistics (INSTAT) confirmed on Thursday. Meanwhile, imports from the rest of the world were Lek 649 billion, up by 1.2 percent compared to the previous year. Therefore, Albania recorded a Lek 350...

Exports Down 9.1% in November
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Exports Down 9.1% in November

TIRANA, December 18 Exports dropped by 9.1 percent year-on-year in November to Lek 25 billion, bringing the contraction in January-November to 4.1 percent, according to the Institute of Statistics (INSTAT). In the meantime, imports dropped by 5.8 percent to Lek 53 billion. The trade deficit in November narrowed to Lek 28 billion compared to November...

Albania Exports Continue Decline in October
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Albania Exports Continue Decline in October

TIRANA, November 18 Exports during October fell 10.3 percent from a year earlier, data from the Albanian Institute of Statistics (INSTAT) showed on Monday. Shipments to Italy, one of Albania’s biggest trading partners also dropped 2.6 percent. Exports in October were estimated Lek 27 billion while the value of imported goods was Lek 59 billion....

What Sector Had Highest Contribution to Turnover Growth Rate in 2018
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What Sector Had Highest Contribution to Turnover Growth Rate in 2018

TIRANA, November 11 Producers of services contributed to the highest turnover growth rate in 2018. According to the preliminary results of the structural survey of economic enterprises, published on Monday by the Albanian Institute of Statistics (INSTAT), the turnover generated by the producers of services in 2018 accounts for 66.1 percent of the total. At...

Exports Go Down, Imports Go Up, Trade Deficit Widens
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Exports Go Down, Imports Go Up, Trade Deficit Widens

TIRANA, October 21 The Albanian Institute of Statistics (INSTAT) reported a 5.5 percent drop in export during September 2019 compared to the same month of 2018. Meanwhile, the same stats confirm a 2.8 percent drop in export during the first nine months of 2019. The negative reading was affected by two important categories respectively Textile...

Demand and Love for Coffee Grow as Prices Stay Low
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Demand and Love for Coffee Grow as Prices Stay Low

TIRANA, October 8 To-go or to stay, Albanians love coffee and the official data on the coffee trade during 2018 helped to grow this relationship stronger. Based on the stats provided by the Albanian Customs, imported coffee totaled 7,000 tons of coffee or Lek 28.6 billion in 2018. A year-over-year comparison shows a 32 percent...