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Foreign trade remains under the "power" of the devaluation of the Euro. About 8.5 percent fewer exports in September

2024-10-17 12:50:53Biznes SHKRUAR NGA REDAKSIA VOX

Foreign trade remains under the "power" of the devaluation of the

The trend of exports seems to be the same even in September of this year, marking a decrease of 8.5%, compared to September of the previous year. However, the decline seems to have slowed down if we compare it to the month of August when exports fell by 18.2%. In absolute value, exports of goods reached the value of ALL 31 billion. On the other hand, INSTAT data indicate that in September we not only sold less, but also bought less. Imports of goods reached the value of 71 billion ALL, decreasing by 3.1%, compared to a year ago.

In monthly terms, compared to August of the same year, exports increased by 36%, while imports by 3%. If we talk about the nine-month period, exports of goods reached the value of 286 billion ALL, decreasing by 14.2%, compared to a year ago, while imports of goods reached the value of 666 billion ALL, increasing by 2.4%, compared to a year ago. before.

It is the same groups that have negatively affected the decline in exports. If we analyze the contribution of the main groups for the month of September, but also in nine-month terms, we see that the groups "Textiles and shoes" and "Minerals, fuels, electricity" have given the biggest negative impact. Respectively, in the month of September, the negative contribution of these groups is estimated at 5.5 percentage points and 2.1 percentage points. Meanwhile, the groups: "Food, beverages, tobacco" with 0.5 percentage points and "Machinery, equipment and spare parts" with 0.4 percentage points had a positive impact.

On the other hand, in terms of imports, during the month of September 2024, the groups "Minerals, fuel, electricity" with 1.4 percentage points, "Textiles and shoes" with 0.9 percentage points, "Construction materials and metals" with 0.6 percentage points, etc. While the groups "Machinery, equipment and spare parts" had a positive impact with 0.8 percentage points, "Chemical and plastic products" with 0.5 percentage points. Even during nine months, the situation is the same.

In the month of September of 2024, the countries with which Albania had the biggest decrease in exports, compared to September of 2023, are Italy, Kosovo and Greece. Meanwhile, the country with the largest increase in exports is Spain. From the beginning of this year and until the month of September, it is Italy, Kosovo and Greece that gave up Albanian products.


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