The year 2024 "weakened" foreign trade/ Exports are not only worth less, but also weigh less
Foreign trade figures continued to be affected by exchange rate dynamics throughout 2024. Scan Intel previously analyzed the impact of the main groups and the annual change in value for each. The annual decline in exports was mainly dominated by the negative impact of fuels and textiles.
This decline is mainly a result of the depreciation of the euro, which has reduced the income of Albanian exporters when converted into lek. This has led to exporters receiving less for the same amount of exported products, thus reducing profits and increasing pressure on the textile and footwear sector.
To better see this impact, this time "Scan Intel" has analyzed the figures in volume, that is, in quantity, to "undress" them in a way from the effect of the euro. If we look at the data, it turns out that exports in volume for 2024, compared to a year earlier, have decreased by 3.5%. If we analyze the main groups, the highest decrease in exports in quantity was observed in leather goods and textiles and footwear, by 24.4% and 10.5%. According to the data, all groups, except chemical products and food, show a decrease in volume.
But how are the weighted data presented in terms of annual import change for the main groups?
The figures show a different situation in terms of import volume. In total, imports in volume increased by 13.6% in 2024, compared to the previous year. All groups, with the exception of leather goods, showed an increase. The largest increase in import weight was recorded by machinery and spare parts with 19.9%, followed by minerals and fuels with 18.4%.
Greece, 18 billion euros from the EU - Funds will attract new investments in infrastructure, digitalization
Greece has received 18 billion euros in grants and loans from the European Union Recovery Fund since 2021, an amount equivalent to around 8% of its economic......
Labor Inspectorate, 54 million lek fines to businesses - Over 190 thousand workplaces to be inspected in 2024
The State Labor Inspectorate conducts inspections in entities every month with the aim of punishing illegalities and informality, and handles......
Six candidacies for AFSA board chairman - Who are the people who want to administer the Authority's activities?
For the vacant position of board member of the Financial Supervisory Authority, who will also be the chairman of the board, 6 candidates have submitted their......
Proposal in the Assembly/ “Tax exemption for luxury hotels postponed for 2 years”
Socialist MP Blendi Klosi has proposed to the Parliamentary Committee on Economy to extend the deadline for corporate tax exemption for luxury hotels by two......
Britain, the second most attractive country for investment - Survey, highest ranking in the last 28 years
The United Kingdom is the second most attractive country for investment after the United States, signaling a rise in the rankings, according to an annual......
Labor market, inclusive - AKPA: 525 people with disabilities, employed
Disability is not an obstacle to integration into the labor market. The National Employment and Skills Agency reports that during 2024, 525 people with......
Sa këmbehen sot valutat kryesore?
Dollari amerikan është blerë sot me 93.8 lekë dhe është shitur me 95.1 lekë duke humbur pikë nga dje sipas kursit të këmbimit lokal. Euro blihet sot me 98......
Binance CEO: Bitcoin will reach a new historical level in 2025
Bitcoin will reach a new all-time high in 2025 as a result of positive regulatory moves in the US under newly inaugurated President Donald Trump, the CEO of......
