EU counties main contributors in trading with Albania: Bank of Albania

TIRANA, Aug. 11 (Xinhua) -- The European Union (EU) countries continued to be the main trading partners of Albania, according to the quarterly monetary policy of Bank of Albania (BoA).

According to BoA's quarterly monetary policy report, growing exports of fuel and electricity contributed to the increase in the share of partners such as Spain, Serbia and Switzerland.

Moreover, Albania's trade deficit in goods decreased by about 12.8 percent in annual terms, driven by rapid growth of exports.

Meanwhile, the increase in imports has run at slow pace, said the report.

The report said Albania's exports of goods in value expanded by about 17.8 percent annually, during the second quarter of 2018, a rate similar to the previous quarter.