Albanian exports drop while trade deficit remains high

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Even with strong performance on both sides of the trade imbalance, the ratio between imports and exports reached ALL 193 billion in the first half of the year.

Despite decreasing in the last two months, exports of goods climbed in the first half of the year compared to the same period previous year. According to figures from the Institute of Statistics, the value of goods exported during the first half of the year amounted to 253 billion ALL, a growth of more than 43 percent.

Manufacturers of textiles and footwear, construction materials, minerals, fuels, food and beverages, and machinery have contributed most to the increase in exports.

On the flip side, imports also increased. According to INSTAT, the amount of products purchased between January and June of this year was 446 billion ALL, a 26 percent increase over the same period last year.

The ratio between imports and exports in the first half of the year reached 193 billion ALL, an increase of almost 9 percent compared to the same time in 2021 despite the solid performance of both imports and exports.

The increase in the value of exported and imported commodities was also attributable to the rise in market prices.