Indonesia's Exports and Imports to Albania Decreased in 2020

Indonesia's trade balance with Albania showed a surplus of US$6.52 million in 2020. However, this surplus decreased by -29.55% compared to the previous year's balance of US$9.26 million.

This decline in the trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$6.64 million. This is higher than Indonesia's imports from Albania, which were recorded at US$0.12 million.

Indonesia's exports to Albania have been declining over the past year. The previous year's export value was US$9.73 million.

Imports, according to Trademap data, decreased by 73.93% compared to the previous year, which was recorded at US$0.47 million.

Based on product type, there were 10 main export products from Indonesia to Albania that recorded a surplus during 2020. The total value of these main exports reached US$6.42 million.

List of 10 Main Indonesian Export Products to Albania

1. (HS 48): Paper and paperboard; articles of pulp, paper or paperboard


2. (HS 16): Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates


3. (HS 15): Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes


4. (HS 03): Fish and crustaceans, molluscs and other aquatic invertebrates


5. (HS 85): Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers


6. (HS 94): Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; parts thereof


7. (HS 40): Rubber and articles thereof


8. (HS 56): Wadding, felt and nonwovens; special yarn; twine, cordage, ropes and cables and articles thereof


9. (HS 09): Coffee, tea, maté and spices


10. (HS 44): Wood and articles of wood; wood charcoal

Globally, the trade balance for all goods improved this time due to an increase in several types of goods. The total value of Indonesia's trade balance was recorded at US$21.68 billion, or up 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.