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INSTAT: Trade with EU accounted for 67.5 % of Albania's exchanges in 2016

Flags of Albania and EU; Photo: European Union

ata_maliTIRANA – Trade with countries in the euro zone accounted for 67.5 % of Albania’s total exchanges in 2016, with Italy, Germany, China and Greece emerging as the country’s main trading partners, according to data published by the National Institute of Statistics INSTAT, reports ATA news agency.

In its Foreign Trade Report, INSTAT said that Albania’s exports to EU member states accounted for 77.9 % of the country’s total volume of exports, while imports from countries in the euro zone accounted for 63.2 % of the total.

As main trading partners emerged Italy (36.8 %), Germany (7.7 %), China (7.1 %) and Greece (6.9 %).

During 2016, countries with which Albania has had the highest increase of exports, compared with previous year, are: Italy with (7.4 %), Greece with (17.2 %) and Germany with (9.4 %). While, countries with which has had a decrease of exports are: Kosovo with (-20.6 %), Malta with (-28.5 %) and Spain with (-36.6 %).

During 2016, countries with which Albania has had the highest increase of exports, compared with previous year, are: Italy with (2.8 %), Germany with (51.2 %) and China with (8.8 %).While, countries with which has had a decrease of exports are: Serbia with (-12.9 %), France with (-4.8 %) and Russia with (-9.4 %).

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