TIRANA (Albania), January 18 (SeeNews) – Albania's trade deficit decreased by 9.9% year-on-year in 2020, to 333 billion leks ($3.3 billion/2.7 billion euro), the statistical office said on Monday.
Exports fell by 9% on the year to 272 billion leks in 2020, while imports decreased by 6.8% to 605 billion leks, INSTAT said in a statement.
The decline in total exports was mostly due to decreased exports of textiles and footwear, minerals, fuels, electricity, construction materials and metals.
In December alone, Albania's trade deficit amounted to 38 billion leks, up 13.9% year-on-year.
Italy remained Albania's main trading partner last year, absorbing Albanian exports of 123.5 billion leks and providing imports of 151.9 billion leks to the country. Other major exporters to Albania were Kosovo, Spain and Germany.
(1 euro = 123.273 leks)