INSTAT published an official report on exports and imports performance during November 2014, showing that exports increased slightly by 1.2% compared to exports in November 2013. The biggest increase of exports is noticed at “machinery, equipments and spare parts” group by 30.9%, “food, beverages and tobacco” exports increased by 26% and “textile and shoes” exports increased by 14.6%. The biggest decrease of exports was registered for “leather and its products” by 24.3%.
However, INSTAT figures show that exports decreased by 4.6% in comparison with the amount of exports registered in October. In turn, imports reached the amount of 48 billion ALL during 2014, increasing by 6.1%, compared to figures of November 2013 and decreasing by 9.1% compared to October 2014.
“Construction materials and metals” imports increased by 26%, “wood and paper products” imports increased by 20%, but “minerals, electrical energy and fuel” imports decreased significantly by 10.7%.
As seen by the figures of INSTAT, exports shrunk during November compared to October figures but the trade deficit decreased by 12.5%. As underlined for several times during the year, Albania’s close trade partners were Italy with 37.7% of the total amount of trade exchanges, Greece with 6.8%, China with 6.4% and Turkey with 6.0%.