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Exports do not stop falling even in August, the main partners "leave us in the mud"

2024-09-18 09:20:13Biznes SHKRUAR NGA REDAKSIA VOX

Exports do not stop falling even in August, the main partners "leave us in

Exports have continued to deepen their decline even in August of this year, according to the latest data from foreign trade. If in July the drop was recorded by 12%, in August the drop in exports deepened to 18.2%. Thus, according to INSTAT figures, exports of goods reached the value of ALL 22 billion. If we look at the monthly change, the numbers speak of a decrease of 32.5%.

On the other hand, goods imports reached the value of 69 billion ALL, increasing by 1.9%, compared to a year ago and decreasing by -19.4%, compared to July 2024. This month's trade deficit is 46 billion ALL, increasing by 15.6%, compared to August of last year.

If we talk in eight-month terms, the data show that exports of goods reached the value of 255 billion ALL, decreasing by 14.9%, while imports of goods reached the value of 595 billion ALL, increasing by 3.2%, compared to a year ago. So, in the span of eight months, the drama of exports is observed, mainly influenced by the fall of the euro.

Since the beginning of 2024, it can be seen that among the groups that have "sunk" exports have been "Minerals, fuels and electricity" and "Textiles and shoes". More specifically, during the month of August of this year, in the decrease of exports of 18.2%, all groups had a negative impact, but mainly the group "Minerals, fuel and electricity" with 10 percentage points, "Textiles and shoes" with 3.7 points percentage and "Construction materials and metals" with 2.8 percentage points.

If we talk about imports, we see that the groups "Food, drinks, tobacco" with 1.5 percentage points, "Textiles and shoes" with 0.6 percentage points and "Machinery, equipment and spare parts" with 0.5 percentage points have had a positive impact.

If we return once again to exports, but according to partner countries, the data show that the biggest decline is with Italy, Kosovo and Greece. On the other hand, we had growth with Germany, China and Turkey.


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