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Rising prices have significantly affected foreign trade. According to statistics, compared to a year ago in March, exports increased by 50.4%, while imports by 24%.
The main groups that have influenced the increase in exports is due to minerals, fuels and textiles. The price of chromium and other minerals has tripled on the stock exchanges, as has the price of crude oil. But the fason sector is also going through a pretty good period, as European countries have shifted supply chains from Asia to the Balkans, increasing the number of orders and ranking the sector third for the products it exports.
In terms of imports, the main groups that have led the growth is electricity, where our country is buying at three times higher prices, followed by metals and construction materials, while the third group is food.
The fact that prices are playing a major role in foreign trade is also noted by weight statistics. In exports we have received 10 thousand tons more food, but the difference in value is 12.8 billion.
While in imports the quantity of goods is smaller this March is 46 thousand 200 tons, less than the same period last year, but the difference in value is 20 billion. This increase in value all translates into rising prices of food and other basic products in the last three months.
The positive side remains the fact that an important indicator such as the trade deficit is improving and in the first quarter of the year it is not growing by galloping steps.
The countries to which we sent more goods during this quarter are Italy, Kosovo and Germany, while the countries from where we received more except Italy, are Turkey and China.
With EU countries, our country continues to realize almost 65% of the volume of foreign trade.
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