The decline in Albanian exports due to the depreciation of the euro has been curbed... at least at the beginning of this year. From less than 30 billion lek a year ago, last month goods worth a little more than 31 billion lek were sold in foreign markets. The increase is estimated at around 1.5 billion lek or 4.9 percent.
The main contribution to this performance was made by the export of crude oil extracted from the Patos-Marinza fields, which expanded by 13 percent in January. With the exception of food and beverages, all other product groups are showing a decline, confirming that " the export crisis has not ended ."
"We are not dealing with a single turning point. We simply have a group of products, in this case fuel, which has marked a significant expansion and consequently has affected the total weight. But the export crisis continues," economic expert Edison Zaçaj told A2 CNN.
Imports also expanded slightly last month, reaching over 60 billion lek. Compared to January of the previous year, the increase is estimated at only 0.1 percent.
"We have a consumption crisis which is expected to become even more severe in the future as a result of departures from the country. Tourists are not influencing the expansion of consumption and consequently the expansion of consumption and consequently the promotion of domestic production or imports," added Zaçaj.
With exports taking a small turn and imports increasing slightly, the trade balance closed positive for the country last month.
"We continue to have an unpromising balance that risks setting us back a long way in time with a significant trade deficit."
Last month, Albania exported more products to Kosovo, Spain and Greece. On the other hand, Albanian companies exported fewer products to Italy, Germany and Turkey. (A2 Televizion)
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