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Trade activity shrinks with 12%

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17 years ago
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TIRANA, Sep 22؂ank of Albania reported a significant slowdown in trade activity during the second quarter of 2009. Trade volume during the period amounted to 957 million euro, recording a drop of 12% on the year.
Exports have suffered the most shrinking with 25% for a total of 195 million euro. Exports covered for only 26% of imports from 32% that it did in 2008.
Imports have dropped by 7% compares to last year for a total of 762 million euro, official data from Bank of Albania report.
The resulting trade deficit widened by 1.1% (6 million euro) on the year reaching a total of 567 million euro.

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