Exports and imports, their impact in country’s economy during 2014

The increase of exports is reflecting the increase of consumption and investments in country, say economy experts. Bank of Albania’s official data regarding exports and imports and economy indicators (for the last quarter of 2014) show that imports have increased too. Exports increased significantly during 2014, but imports as well, and according to experts this is a positive development, since it shows that consumption has increased and this is a sign of economy’s revival.

But exports and imports are not the only priorities of economy, according to experts, because government and businesses must orient to prior economy sectors and contribute in their development by investing and generating new vacancies. Sectors that contributed most in country’s economy, in technology, machinery, construction materials and metals have registered continuous increase of exports.

As for the foreign demand and trade exchanges with trade partners, Bank of Albania report shows a negative performance of them during 2014, with a negative net contribute by 3.8 points percentage in the economic increase, during the third quarter of 2014. Real net exports’ deficiency extended by 18% during the third quarter of 2014. In macroeconomic terms, the slight increase of exports reflects the low demand of country’s trade partners.

News source: ATA
Photo credits: Darth Swaun (Wikimedia)