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Albanian exports up by 6.8 pct

Xinhua, September 29, 2016 Adjust font size:

The value of Albanian exports amounted to 16 billion leks (about 130 million U.S. dollars) in August 2016, an increase of 6.8 percent compared to August 2015, data from the Albanian Institute of Statistics (INSTAT) showed Thursday.

The annual increase of exports was mainly driven by the textile and footwear sector (up 6.4 percentage points), food, beverage, tobacco (up 1.6 percentage points), and construction materials and metals (up 1.3 percentage points), INSTAT said.

However, exports in August fell by 27.1 percent compared with July 2016, data showed.

On the other hand, INSTAT said the value of imports in August 2016 amounted to 46 billion leks, increasing by 14.3 percent compared to August 2015 and decreasing by 8.4 percent compared with July 2016.

The annual increase of imports by 14.3 percent in August 2016 was mainly driven by the sectors machinery, equipment spare parts, chemical and plastic products, and food, beverages and tobacco.

Based on official statistics, it turned out the trade deficit was 29 billion leks in August, marking a year-on-year increase of 19.0 percent. Endit