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Commodity exports closed last year with strong growth, following the shock they received during the pandemic year recovering losses rapidly.
According to Instat data, the value of exports in 2021 reached 368.7 billion, almost 795 million euros more than the previous year, and exceeding pre-crisis levels, when they reached 298.7 billion.
Almost all groups have seen an expansion of exports, where the strongest growth was seen in construction materials and metals, doubling compared to 2020, as well as the group of minerals, fuels and electricity.
Textiles and shoes, on the other hand, are recovering more slowly because according to Instat, despite the improvement, they failed to reach the levels of 2019. During 2021, tailors exported 112.4 billion ALL worth of goods to partner countries, almost 47.5 million euros less than in 2019. .
Exports of machinery, equipment and food products have also seen an increase, however the growth rates for these two groups have slowed down compared to 2020.
Last year, imports of goods also saw a strong expansion, as their value according to Instat reached almost 801 billion ALL, causing the trade deficit to deepen further to 432 billion ALL at the end of 2021.
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