Albania Balance of Trade

Last Release

Oct 31, 2024

Actual

-45,889

Units In

ALL Million

-40,291

Frequency

Monthly

Next Release

Dec 17, 2024

Time to Release

27 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
-974.05 Apr 1997	-55,942.8 Dec 2021	-20,744.56 ALL Million	1993-2024	Instituti i Statistikave (INSTAT)

Albania’s structural deficiencies are the main factor behind consistent trade deficits. Albania’s main exports are footwear, clothing, metals, fuels and lubricants, raw materials, machinery and equipment and food. Albania’s main imports are machinery and equipment, fuels and lubricants, food, chemicals and beverages and tobacco. Albania’s main trading partners are Italy, Greece, Turkey, China, Germany, Serbia, Switzerland, Spain, France, Macedonia and Bulgaria.

Latest Updates

Albania’s trade deficit widened to ALL 46 billion in October 2024, up from ALL 41.5 billion in the same month of the previous year. Exports plunged by 15.2% year-on-year to ALL 31 billion, weighed down by lower sales in construction materials and metals (contributing -8.2 percentage points), textiles and footwear (-3.5 percentage points), and minerals, fuels, and electricity (-2.9 percentage points). Notable declines in exports were seen to Kosovo (-24%), Italy (-13.6%), and Spain (-4.7%). Meanwhile, imports fell by a softer 1.5% to ALL 77 billion, mainly due to decreased purchases of construction materials and metals (-3.3 percentage points), minerals, fuels, and electricity (-1.0 percentage points), and textiles and footwear (-0.8 percentage points). Imports from North Macedonia (-17.6%) and Italy (-3.4%) also saw significant drops. From January to October, the trade deficit widened to ALL 426 billion from ALL 358 billion in the same period last year.