Trump's tariffs on Albania are having an effect - In April, exports to the US fell by 30%, especially construction materials
The reciprocal tariffs imposed by US President Donald Trump on imported goods, including Albania, have begun to take effect. For our country, a general tariff of 10% has been imposed on all exports to the US.
According to data from the Institute of Statistics, last month Albanian exports to the United States of America decreased by 30%.
Meanwhile, in the first four months of the year, the decline reached 15%, dropping from 3,490 tons in the same period last year to around 3,000 tons this year. The most pronounced decline was recorded in April, when reciprocal tariffs were imposed by the US on Albania and many other countries in the world.
According to official data, the greatest impact on this decline was had by groups of metal materials used in construction, mainly cast iron and steel, which accounted for almost 50% of total exported goods.
From 465 tons in April 2024, exports from this group fell to just 2 tons last month. This downward trend began at the beginning of the year, when the US applied high tariffs on steel and aluminum, which come mainly from China, but also affected other exporting countries, including Albania.
A smaller impact has also been observed on some agricultural products, such as vegetables, as well as dairy by-products.
On the other hand, despite the decline in exports to the US, Albania has increased exports of metals and other products to countries in the region, especially Greece, North Macedonia and Turkey. Exports of pig iron and steel have increased in these markets, partially offsetting losses in the US market.
Poll
Trump administration "hits" Harvard - Bans enrollment of foreign students at the university
President Donald Trump's administration stripped Harvard University of its right to enroll international students and is forcing current foreign students to......
EU "closes doors" to around 7,900 Albanians/ Around 15,000 received deportation orders, but over half returned
According to data from the "European Statistical Agency", around 15 thousand Albanians were ordered to leave an EU country, while over 7,800 people have......
The Labor Inspectorate "goes down" to the field - Increased controls on complaints, 16.7 million lek in administrative measures
In the first quarter of 2025, the State Labor Inspectorate conducted 3064 inspections in entities, of which 89% are planned and thematic inspections, while......
The maritime border with Greece returns to focus - Athens, an important partner for Albania's European integration
In a recent article, the Greek newspaper "Ta Nea" writes that the new round of consultations between Greece and Albania has opened with the pending maritime......
Europeans choose trains - Half of citizens prefer rail transport to airplanes
Train travel is experiencing a renaissance and Europeans are in favor of the change, according to a recent survey. A survey of 11,000 people by railway......
How should hotels declare during the season? - Taxes: Avoid "weekly packages", fill out invoices according to services
As the summer tourist season has begun, the Tax Administration is requiring accommodation structures, such as hotels and guesthouses, to declare nights of......
Energy saving targets - Digital monitoring and verification system to assess achievement
The government will establish a digital monitoring and verification system to assess the achievement of national energy efficiency objectives at the......
General increase in exchange rates - How did this week end for major currencies?
The US dollar, although it seems to have started the weekend on a stable note, has recorded a slight increase since yesterday, as it was bought this morning......
