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Voxpress:

Albanian exports fell again in February, mainly affected by hydrocarbons and textiles

2024-03-19 10:27:26Biznes SHKRUAR NGA REDAKSIA VOX

Albanian exports fell again in February, mainly affected by hydrocarbons and

In February of this year, it seems that exports in value decreased less than in January, where the decrease was recorded at 29.2%. Thus, the figures from the Institute of Statistics show that in February 2024, exports of goods reached the value of 32 billion ALL, decreasing by 16.1%, compared to the same period a year ago and increasing by 7.9%, in compared to January of the same year. On the other hand, imports have increased by 6.4%, reaching 74 billion ALL and also increased by 22.8%, compared to January 2024. According to the data, in the span of two months, exports of goods reached the value of 62 billion ALL, decreasing by 23.0%, while imports of goods reached the value of ALL 134 billion, increasing by 5.0%, compared to a year ago.

During the month of January of this year, the decline of exports of 16.1% was mainly influenced by the groups "Minerals, fuels and electricity" with 7.7 percentage points, "Textiles and shoes" with 4.5 percentage points and "Construction materials and metals" with 2.3 percentage points. Meanwhile, the groups "Chemical and plastic products" with 0.4 percentage points and "Food, beverages, tobacco" with 0.1 percentage points had a positive impact.

If we talk about the groups that have contributed to the increase in imports, the data show that the groups "Machinery, equipment and spare parts" with 7.4 percentage points, "Food, drinks, tobacco" with 1.6 percentage points and "Chemical products and plastic" with 0.8 points. On the other hand, the groups "Textiles and shoes" with 1.9 percentage points and fuels with 1.2 percentage points had a negative impact on imports.

In February of the current year, the country with which Albania had the largest increase in exports, compared to February of 2023, is Kosovo with 21.2%. Meanwhile, the countries with which exports have had the biggest decrease are Italy with 16.2%, Greece with 41.6% and Germany with 5.1%.


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