Hydrocarbons and textiles mark a decline in exports at the start of 2024

2024-02-20 09:23:23Biznes SHKRUAR NGA REDAKSIA VOX

Hydrocarbons and textiles mark a decline in exports at the start of 2024

Exports started the year 2024 with a decline. This is according to the latest data from the Institute of Statistics. In January 2024, exports of goods reached the value of 29 billion ALL, decreasing by 29.2%, compared to the same period a year ago and by 20.7%, compared to December 2023. On the other hand, imports have increased by 3.4%, reaching 60 billion ALL and have decreased by 17.3%, compared to December of the year we left behind. This month's trade deficit is 30 billion ALL, increasing by 88.6%, compared to January 2023.

During the month of January of this year, the drop in exports of 29.2% was mainly influenced by the groups "Minerals, fuel and electricity" with 19.5 percentage points, "Textiles and shoes" with 5.0 percentage points and "Construction materials and metals" with 3.8 percentage points. Meanwhile, the groups "Chemical and plastic products" with 0.3 percentage points and "Food, drinks, 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 4.7 percentage points, "Construction materials and metals" with 2.9 percentage points, "Food, beverages, tobacco" with 0.2 percentage points. On the other hand, the decrease in imports was mainly influenced by the groups "Minerals, fuel and electricity" with 3.0 percentage points, "Textiles and shoes" with 1.0 percentage points, "Leather and articles thereof" with 0.3 percentage points.

In the month of January of the current year, the countries with which Albania had the biggest decrease in terms of exports, compared to the same period last year, are Italy with 7.6%, Kosovo with 20.1% and Germany with 34.7%. Meanwhile, the countries with the largest increase in exports are Croatia with 59.3% and Austria with 17.6%.


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