Albania Export Data

Albania's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Albania's primary trading partners include Italy, Greece, and Germany, reflecting strong regional ties and economic cooperation.

• Top 5 Imports: Mineral fuels, machinery, vehicles, pharmaceuticals, and plastics. These account for a significant portion of total imports, emphasizing Albania's reliance on external resources for industrial inputs and consumer goods.

• Top 5 Exports: Minerals, apparel, electrical machinery, fruits, and vegetables. Exports highlight Albania's natural resource base and growing manufacturing and agricultural sectors.

• Trade Balance: Albania typically operates with a trade deficit, importing more than it exports. Efforts to diversify the economy and enhance export capabilities are ongoing.

• Import/Export Policy: Albania adheres to WTO rules and has been working on harmonizing its legislation with EU standards to facilitate trade and attract foreign investment.

Domestic Market

• Consumer Spending: Consumer spending in Albania is rising, driven by growing incomes and a young population. However, high inflation rates have started to impact purchasing power.

• Interest Rates & Inflation: The Bank of Albania has been adjusting interest rates to combat inflation, which has been a persistent challenge, affecting both consumers and businesses.

• Supply Chain: Albania's supply chains are improving, especially in the agriculture and manufacturing sectors, though they remain susceptible to global market fluctuations.

• Industry Performance: The energy, tourism, and construction sectors are showing growth, while the agriculture and textile industries are adapting to meet international market demands.

Overall Outlook

Albania's economy shows resilience, with a focus on export diversification and internal market stability. Challenges such as inflation and trade deficits are being addressed through policy reforms and international cooperation.