Italy is one of the countries most affected by COVID-19 and where the security measures to keep the pandemic under control have provoked, among other things, negative consequences on trade.
Effects that also indirectly involved Albania: according to INSTAT data concerning foreign trade, in fact, Italy is the main trading partner of the Country of the Eagles and, consequently, also the country with which it has registered the greatest decrease in commercial terms due to the pandemic COVID-19.
Analyzing the numerical values compared to one ago, there is a big negative difference between the two countries. In the first half of this year (January-June), Albania exported goods to Italy for a total value of 57 billion lek (about 458 million euros), down by 18.7 billion lek (about 150 million euros) compared to the same period a year ago.
Imports also followed the same trend. In the first half of this year, Albania imported goods for a total value of 66 billion lek (about 531 million euros) from Italy, recording a decrease of 16.5 billion lek (about 132 million euros) compared to to the same period in 2020.
Albania's main trading partners in 2019
Despite a slight decrease (-4%), Italy has confirmed Albania's main trading partner for 2019 in terms of exports, with a total value of around 1,4 billion euros. Kosovo follows, with the highest growth in absolute terms (+ 10%), rising to a total of around 250 million euros (30 billion lek).
Behind Italy and Kosovo is Spain, Albania's third largest export trading partner. Also to Spain exports increased slightly in 2019 (+ 1%) compared to 2018, reaching a total value of around 200 million euros (24 billion lek). In fourth place, however, Germany with 4,7% of total exports, which recorded a + 5% in 2019 reaching a total of about 115 million euros (14,2 billion lek).
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