The Ecomomic Impact of Agricultural Products in the Albanian Exports

Abstract

Exports are considered as one of the priorities of government for the developing of the economy and facing the trade liberalization process of Albania in the international market. The increasement of exports is one of the most fundamental indicators for increasing the competitiveness in the economy, the increase of investors and one of the indicators for increasing the employment in Albania. The performance of the economy in these years has been characterized in quite large fluctuations in its stability, restructuring, growth rate and in this way of huge transformations. This kind of performance has accompanied also that part of export-oriented economy by turning the economy and the domestic market to a market economy that is relied mainly on imports. Based on the Intermediate Interim Agreement on the 1- December 2006, it is expected a significant impact on domestic economic structure. Due to this agreement the export tariffs will decrease faster than those of imports. This is expected to have a positive effect because in the EU countries perform about 60% of imports and 80% of exports . Because of the rapid expansion of exports and moderate growth in imports , there has been an improved trade deficit, helping to balance the demand and supply for foreign currency and to maintain the national currency . Exports during the first 8 months of the year increased 25 billion ALL compared with the year 2010. Domestic Exports includes the agricultural products (medicinal plants, tobacco), by metals (ferrochrome and aluminum), leather, from timber and mineral products (fuels). Exports of agricultural products include all countries in the region, but we are also exporting to Hungary, Germany and other countries of the European Union.

DOI: 10.5901/ajis.2013.v2n1p263