Albania

In 2014, the value of merchandise exports of Albania increased slightly by 4.3 percent to reach 2.4 bln US$, while its merchandise imports increased moderately by 7.2 percent to reach 5.2 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large deficit of 2.8 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -1.4 bln US$ (see graph 4). Merchandise exports in Albania were highly concentrated amongst partners; imports were diversified. The top 6 partners accounted for 80 percent or more of exports and 14 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Albania increased slightly by 2.8 percent, reaching 2.2 bln US$, while its imports of services increased substantially by 16.9 percent and reached 2.2 bln US$ (see graph 2). There was a relatively small trade in services surplus of 14.0 mln US$. See footnote*.

Related Subject(s): International Trade and Finance

Countries: Albania