Foreign trade increased during April, the trade deficit improved

The foreign trade figures for the month of April show that exports and imports have had an opposite trend from what was present during the first quarter of this year. Specifically, in annual terms, exports have increased by 1.8%, being fixed at 35 billion ALL, while imports have increased by 0.6%, registering close to 75 billion ALL. The increase in exports and imports has reduced the trade deficit by 0.3% compared to April 2023.

"Scan Intel" has analyzed the data to understand which groups contributed to the annual change in the value of exports and imports in April of the current year. As for the contribution of the main groups to the increase in exports in value by 1.8% during April, the figures indicate that the group "Minerals, fuels, electricity" had the greatest impact with 4.6 percentage points, "Food, beverages, tobacco" with 1.3 percentage points and "Chemical and plastic products" with 0.5 percentage points. In contrast, groups such as "Textiles and shoes" contributed negatively with 3.1 percentage points, "Construction materials and metals" with 0.6 percentage points.

On the other hand, during the month of April 2024, the growth of imports of 0.6% was positively influenced by the following groups: "Food, beverages, tobacco" with 1.4 percentage points, "Machinery, equipment and spare parts" with 1.2 percentage points, "Minerals, fuel, electricity" with 0.9 percentage points, etc. While the following groups have had a negative impact: "Construction materials and metals" with 2.9 percentage points, "Textiles and shoes" with 0.8 percentage points, etc.

But how does the progress of foreign trade with partner countries appear? With which countries did Albania strengthen exchange relations? In the month of April 2024, the country with which Albania had the largest increase in exports is China with 155.4%, North Macedonia with 91.4% and Spain with 84.7%, while it imported more goods from Turkey and Greece.

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