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Economy

Exports increase 35.2% compared to January-October 202 , textiles and shoes do not catch up

  • 11/22/2021 5:37 PM
Exports increase 35.2% compared to January-October 202 , textiles and shoes do not catch up

Exports continued to grow in October, recovering the losses of the pandemic year and being higher even than in 2019, when the country was in normalcy.

This trend has reflected the strong growth of the two groups, "building materials and metals" and "minerals, fuels and energy", favored by the international conjuncture of rising demand and prices. Both groups have influenced 70% of the growth of exports for the 10 months.

Exports of machinery and equipment have continued to expand steadily, while textiles and footwear remain the only ones that are below the 2019 level. In October, food exports underwent a diecline for the first time.

INSTAT reported that for the 10 months of 2021, exports reached almost ALL 300 billion, with an increase of 35.2% compared to January-October 2020. While compared to the same period of 2019, the increase is about 19%.

In October, exports were ALL 34 billion, with an increase of 26.3% compared to the same month of 2020 and about 26% higher compared to October 2019.

Textiles and shoes do not reach the pre-crisis level

Textiles and footwear, the main exporting group in the country (with about 30% of the total), have suffered more than all other groups the consequences of European quarantines and the change in consumer behavior. Although with an increase of 8% for the 10 months compared to January-October 2020, sales of this group continue to remain 9% lower compared to the normal 10 months of 2019.

Exporters claim that the sector is suffering from a lack of new orders, as a result of the creation of stocks during the extended quarantine.

/Klara Ruci/