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Economy

Exports make the turnaround, increase by 22% during the first quarter, overcome pre-crisis levels

  • 4/20/2021 2:40 PM
Exports make the turnaround, increase by 22% during the first quarter, overcome pre-crisis levels

March 2020 was the first month where the domestic economy faced the consequences of domestic and European quarantine, while exporters suffered the immediate cessation of orders from their partners.

The most hit in March 2020 were "textiles and shoes", "Minerals, fuels, energy" and "Mat. Construction, metals ”, which shrank by 41-50% compared to the same month a year ago.

A year later, in March 2021, the situation with exports is much improved.

INSTAT data show that in March 2021, exports increased by 78.6% compared to the same month a year earlier. Even compared to March 2019, when it was a normal year, growth is strong at 14%, signaling a good performance of almost all groups, with the exception of textiles and footwear, which remain below pre-crisis levels.

The significant improvement of March has led to an increase of 22% in exports for the quarter, compared to the same period of 2020, while for the first 2 months, the trend has had a slight decrease of 1%. Compared to the first quarter of 2019, when the economy was in a normal situation, exports are again 11% higher.

/Klara Ruci/