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Economy

Exports start the year with growth, weak textiles-shoes and fuels

  • 2/18/2021 3:51 PM
Exports start the year with growth, weak textiles-shoes and fuels

Exports started the year with a slight increase of 3.1% on an annual basis in January, influenced by the positive performance of "Construction materials and metals", "Food, beverages, tobacco" and "Machinery, equipment, spare parts", which had started the recovery since the last months of 2020. The year has not started well for the textile and footwear industry, which is suffering the consequences of isolation in Europe.

According to INSTAT, In January 2021, exports of goods reached the value of ALL 24 billion, increasing by 3.1%, compared to January 2020 and by 2.8%, compared to December 2020. Imports of goods reached the value of ALL 45 billion, increasing by 8.4%, compared to January 2020 and decreasing by 26.0%, compared to December 2020. This month's trade deficit is ALL 22 billion, increasing by 14.7%, compared to January 2020 and decreasing by 43.4%, compared to December 2020.

During January 2021, the increase of exports by 3.1%, compared to January 2020 was influenced by the groups: "Construction materials and metals" with + 4.2 percentage points, "Food, beverages, tobacco" with +2.2 percentage points, "Machinery, equipment, spare parts" with +1.3 percentage points. The annual decrease of exports was mainly influenced by the groups: "Textiles and footwear" with -2.0 percentage points, "Minerals, fuels, electricity" with -1.7 percentage points, "Wood and paper products" with -0.7 percentage points.

During January 2021, the increase of imports of 8.4%, compared to January 2020 was mainly influenced by the groups: "Minerals, fuels, electricity" by +3.1 percentage points, "Machinery, equipment and spare parts" by + 2.8 percentage points, "Chemical and plastic products" with +2.3 percentage points. The annual decrease of imports was influenced by the groups: "Food, beverages, tobacco" with -1.1 percentage points, "Leather and articles thereof" with -0.6 percentage points, "Wood and paper production" with -0.1 points percentage.

/Klara Ruci/