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Trade deficit deepened in first quarter of 2022

2022-04-19 18:05:05Biznes SHKRUAR NGA REDAKSIA VOX

Trade deficit deepened in first quarter of 2022

The trade deficit over the past year grew by 6.6 percent in the first three months of 2022 compared to last year's quarter.

According to data published by INSTAT, the deficit amounted to 87 billion dollars, or 717m euros.

The good news is that compared to the same period exports increased by almost 50 percent, to 120 ml, while imports increased by 28 percent, to 207 mld.

In March alone, according to INSTAT, the trade deficit was 38 billion leks, or about 10 percent higher than March last year.

Italy was the main trading partner for the period January-March, where Albania exported 56 billion lek goods and imported 48 billion lek products.

Albanian exports were mainly clothing, minerals, fuels, electricity, metals and construction materials.


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