Exports up by 4.6% in Jan-Feb Backed by Fuel
Excluding fuel exports, the rest of Albanian exports have suffered a record decline in the first two months of the year, by 28%. INSTAT data shows that domestic production in most export groups has suffered a drastic decline.
Albanian exporters are being affected by the unfavorable demand situation in international markets, as many factories closed their activities in the first two months of the year.
The increase in oil exports by over 64% in the first two months of 2025 compared to the same period last year has barely managed to cover the gap of the decline in all other groups.
INSTAT announced on Monday that in February 2025, exports of goods reached a value of Lek 34 billion, increasing by 4.3% compared to the same period a year earlier and by 7.3% compared to January 2025. Imports of goods reached a value of Lek 68 billion, decreasing by 8.6% compared to a year earlier and increasing by 12% compared to January 2025.
The trade deficit for this month is Lek 34 billion, decreasing by 18.6% compared to February 2024 and increasing by 17.1% compared to January 2025.
During February 2025, the following groups contributed to the increase in exports of 4.3%: "Minerals, fuels, electricity" by 11.1 percentage points, "Food, beverages, tobacco" by 1.7 percentage points, and "Machinery, equipment, and spare parts" by 0.2 percentage points.
The groups that had a negative impact were: "Construction materials and metals" by 6.9 percentage points, "Textiles and footwear" by 1.0 percentage points, "Chemical and plastic products" by 0.8 percentage points, etc.
Exports during this two-month period increased by 4.6%, compared to a year earlier. The groups that had a positive impact on the annual growth of exports are: "Minerals, fuels and electricity" by 12.0 percentage points, and "Food, beverages, tobacco" by 1.1 percentage points.
The groups that had a negative impact were: "Construction materials and metals" by 6.3 percentage points, "Textiles and footwear" by 1.7 percentage points, and "Chemical and plastic products" by 1.0 percentage points.
