Albania-EU trade volume up 19.8% in Q1 2011.

By bne IntelliNews May 3, 2011
Albanias trade with the European Union (EU rose by 19.8% y/y to ALL 107.5bn (EUR 755.4mn) in the first quarter of 2011, according to data from the statistics office INSTAT. The EU made up 64% of Albanias foreign trade for January to March 2011. Albanias imports from EU increased by 15.4% y/y to ALL 73.6bn and exports rose by 30.9% y/y to ALL 33.9bn. Italy was Albanias main trade partner with a 53% share. The trade volume between the two countries reached ALL 57.2bn, up by 25% y/y. Although foreign trade with Greece dropped by 3.3% in the first quarter, the country remained Albanias second largest trade partner. Turkey ranked third.
Foreign trade in Q1, geographical breakdown, ALL mn
Import % y/y Export % y/y
Total 115,920 15.6 51,772 46.2
Italy 33,698 26.7 23,456 22.5
Greece 13,284 -6.0 2,306 15.5
Turkey 5,814 8.8 4,434 x18
Others of EU 26,648 15.4 8,136 71.2
Others (world) 36,476 17.2 13,440 44.7
Source: INSTAT
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