Moldovan economists see exports' strong revival as first signal of economic growth
Moldova's exports increased by 20.4 per cent, exceeding the rise in imports, which went up by 17.1 per cent in the first 11 months of 2010, according to data by the National Statistics Bureau (BNS).
Last November, the increase in Moldova's exports doubled as compared with imports, with the first one hiking by 48 per cent, whereas the latter by 23.1 per cent.
"The latest official data show that the pace of exports' increase was higher than the one of imports, which is likely to be the first signal of the paradigm of the national economy's development," experts of the consultancy company BIS Capital have said.
"This is a sure signal that the economy is getting out of the crisis, and that the demand on the foreign market is growing," managers of Chisinau-based companies said.
Economic analyst Viorel Chivriga said that "this very quick increase in exports in September-November is explained by a friendly situation on the foreign markets". Statistics show rise in the exports of "agro-food goods, vegetal products and to a lower extent, of machines, equipment and manufactured goods".
Chivriga emphasized that the export of cereals, vegetables and fruits recorded a high increase, which shows "a high demand on the international market, as well as a certain deficit, especially in Ukraine, Russia and less in the EU member countries". On the other hand, in 2010, the areas cultivated with tobacco expanded, which resulted in a 78.6-per-cent growth of exports, given the high demand for tobacco in the region.
"Without systemic reforms, these positive tendencies will not continue and we will return to the situation we faced in 2008, when imports grew quicker than exports," Viorel Chivriga said.
BNS data show that a historical maximum value of 204.8-million-dollar-woth Moldovan exports was recorded in October-November 2010. Experts believe that this tendency will be maintained in December as well. As a result, the overall exports could reach the level registered before the crisis.
Moldpres
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