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Albanian imports up by 7 pct in first ten months

Xinhua, December 5, 2016 Adjust font size:

Imports in Albania registered a growth of 7 percent in the period from January to October 2016, local media reported on Sunday while referring to the latest report of the institute of statistics (INSTAT).

The imports were mainly driven by the investments carried out during this period in the framework of the Trans Adriatic Pipeline (TAP) project, official data showed.

According to INSTAT, the imports of two groups that are directly linked to the realization of TAP project, building materials and machinery and equipment, saw an increase of over 12 percent compared with a year ago.

The imports of building materials registered a total value of 63 billion leks (495 million U.S. dollars) in the 10-month period of 2016 from 55.9 billion leks marked in the same period a year ago, thus growing by nearly 13 percent.

The imports of pipelines that will serve the TAP project were the main contributor to such growth, data showed.

The imports of machinery and equipment marked an increase of 13.8 percent compared to a year ago. Even this group of goods is related to investments in pipelines and hydropower projects.

A significant growth was also witnessed in the imports of clothing and footwear, imports of which grew by 17 percent.

Meanwhile, in the group of foods and alcoholic beverages, the growth was 3.4 percent this year, mainly as a result of higher volumes of imports of certain beverages, especially beer.

The only group that saw a decline was that of minerals, energy and fuel by 17 percent, INSTAT said. Endit