Albania recorded a trade deficit of 27109.70 ALL Million in September of 2020.

Balance of Trade in Albania averaged -18232.80 ALL Million from 1993 until 2020, reaching an all time high of -974.05 ALL Million in April of 1997 and a record low of -39313.20 ALL Million in December of 2011. This page provides the latest reported value for - Albania Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Albania Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Balance of Trade in Albania is expected to be -38500.00 ALL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Albania to stand at -37000.00 in 12 months time. In the long-term, the Albania Balance of Trade is projected to trend around -38500.00 ALL Million in 2021, according to our econometric models.

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Albania Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-27109.70 -28801.90 -974.05 -39313.20 1993 - 2020 ALL Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-17 10:00 AM Jun ALL-29B ALL-23B ALL -31.5B
2020-08-17 10:00 AM Jul ALL-32B ALL-29B
2020-09-17 10:00 AM Aug ALL-29B ALL-32B
2020-10-19 10:05 AM Sep ALL-27B ALL-29B ALL -31.5B
2020-11-17 11:00 AM Oct ALL-27B
2020-12-17 11:00 AM Nov

News Stream
Albania Trade Gap Narrows in January
Albania’s trade deficit shrank to ALL 18.8 billion in January 2020 from 20.2 billion in the corresponding month of the previous year. Exports climbed 5.2 percent from a year earlier to ALL 23.0 billion, boosted by higher sales of minerals, fuels & electricity (+18.4 percent); construct, materials & metals (+16.6 percent) and food, beverages, tobacco (+5.4 percent). On the other hand, exports of textile and footwear fell 4.9 percent. Also, imports edged down 0.7 percent to ALL 41.8 billion, the lowest since January 2017. Imports dropped for minerals, fuels & electricity (-25 percent); textile & footwear (-3.2 percent) and chemical & plastic products (-4.6 percent); while those of machinery, equipment & spare parts (+8.6 percent) and food, beverages & tobacco (+1.5 percent) rose.
Albania Trade Gap Narrows in December
Albania's trade deficit narrowed to ALL 34 billion in December 2019 from ALL 38 billion in the corresponding month of the previous period. Exports rose 1.2 percent from a year earlier to ALL 22 billion, boosted by higher sales of minerals, fuels & electricity and Food, beverages & tobacco. Among major trading partners, shipments increased to Spain, Kosovo and Greece. Meantime, imports declined 7.6 percent to ALL 55 billion amid lower purchases machinery, equipment & spare parts and food, beverages & tobacco. Imports went down from Italy, China and Greece. Considering full 2019, the trade deficit widened to ALL 350 billion from ALL 331 billion in the same period of 2018, as exports declined 3.8 percent to ALL 299 billion while imports increased 1.2 percent to ALL 649 billion.

Albania Balance of Trade
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.