{"id":9017,"date":"2013-02-06T09:55:06","date_gmt":"2013-02-06T09:55:06","guid":{"rendered":""},"modified":"2013-02-06T09:55:06","modified_gmt":"2013-02-06T09:55:06","slug":"trade-deficit-2010-2012","status":"publish","type":"post","link":"https:\/\/ndiqparate.al\/?p=9017&lang=en","title":{"rendered":"Trade Deficit 2010-2012"},"content":{"rendered":"\n<div align=\"justify\">Open Data Albania has analyzed Albania&#8217;s trade balance during the years 2010-2012. The report is based on data published from INSTAT (Albanian Institute of Statistics) and Bank of Albania.<\/p>\n<p>The trade balance measures the difference between the value of exports and imports in an economy. Exports represent the monetary value of all goods\/services sold\/committed abroad, while imports represent the monetary value of all goods\/services purchased\/carried out from the other countries. <\/p>\n<p><b>Balance of Trade = Exports &#8211; Imports<\/b><\/p>\n<p>When the imports are larger than exports this means that a trade deficit exists, while if exports are larger than imports this results in a trade surplus. During the last 20 years, Albania has been in a constant trade deficit. <\/p>\n<p>During the last two years, 2010-2012, exports have been increasing, even though the rate of growth has been slowing down.<\/p>\n<p>On the other hand, imports increased in 2010-2011, but they decreased absolutely and relatively during 2012.<\/p>\n<p>In total, the effect on the trade balance has been an increase in deficit by 10% in 2011, and a decrease by 9% in 2012, so that by absolute values the trade deficit in 2012 is comparable with 2010.<\/p>\n<p>The main trading partners during this two years remain Italy and Greece. The most important products traded by value are textile\/footware and minerals\/fuels\/electricity.<\/p>\n<p>  <script type=\"text\/javascript\" src=\"http:\/\/ajax.googleapis.com\/ajax\/static\/modules\/gviz\/1.0\/chart.js\">{\n\t\"chartType\":\"ColumnChart\",\n\t\"chartName\":\"Chart 1\",\n\t\"dataSourceUrl\":\"https:\/\/docs.google.com\/spreadsheet\/tq?key=0Agylwmr5tEbVdFBieWtNQ05FRG1CMVRoN0J6czJBN2c&gid=1&range=C7%3AD10&headers=-1\",\n\t\"options\":{\"width\":600,\"height\":371,\"colors\":[\"#0066FF\",\"#ff2e17\",\"#FFCC33\",\"#00cc00\",\"#b433ff\"],\"title\":\"For the period 2010-2012 the trade balance data (in million lek) data is shown in the table below:\",\"legend\":\"right\",\"isStacked\":false,\n\t\"hAxis\": {\"title\": 'Year', \"titleTextStyle\": {\"color\": 'red'}},\n\t \"vAxis\": {\"title\": 'Value', \"titleTextStyle\": {\"color\": 'red'},\"minValue\":0},\n    \"labelPosition\":\"right\",\"is3D\":true,\"hasLabelsColumn\":true,},\n    \"refreshInterval\":5,   \n    }\n  <\/script><br \/><sup>Source: INSTAT, Bank of Albania<br \/>Analysis and comments: ODA<br \/><\/sup><br \/> <br \/>\n  <script type=\"text\/javascript\" src=\"http:\/\/ajax.googleapis.com\/ajax\/static\/modules\/gviz\/1.0\/chart.js\">{\n\t\"chartType\":\"LineChart\",\n\t\"chartName\":\"Chart 1\",\n\t\"dataSourceUrl\":\"https:\/\/docs.google.com\/spreadsheet\/tq?key=0Agylwmr5tEbVdFBieWtNQ05FRG1CMVRoN0J6czJBN2c&gid=1&range=C13%3AD16&headers=-1\",\n\t\"options\":{\"width\":600,\"height\":371,\"title\":\"Exports 2010-2012 (million lek)\",\"legend\":\"right\",\"pointSize\":5,\n\t\"hAxis\": {\"title\": 'Year', \"titleTextStyle\": {\"color\": 'red'}},\n\t \"vAxis\": {\"title\": 'Value', \"titleTextStyle\": {\"color\": 'red'},\"minValue\":0},\n    \"labelPosition\":\"right\",\"is3D\":true,\"hasLabelsColumn\":true,},\n    \"refreshInterval\":5,   \n    }\n  <\/script><br \/><sup>Source: INSTAT, Bank of Albania<br \/>Analysis and comments: ODA <\/sup><\/p>\n<p>  <script type=\"text\/javascript\" src=\"http:\/\/ajax.googleapis.com\/ajax\/static\/modules\/gviz\/1.0\/chart.js\">{\n\t\"chartType\":\"LineChart\",\n\t\"chartName\":\"Chart 1\",\n\t\"dataSourceUrl\":\"https:\/\/docs.google.com\/spreadsheet\/tq?key=0Agylwmr5tEbVdFBieWtNQ05FRG1CMVRoN0J6czJBN2c&gid=1&range=C20%3AD23&headers=-1\",\n\t\"options\":{\"width\":600,\"height\":371,\"title\":\"Imports 2010-2012 (million lek)\",\"legend\":\"right\",\"pointSize\":5,\n\t\"hAxis\": {\"title\": 'Year', \"titleTextStyle\": {\"color\": 'red'}},\n\t \"vAxis\": {\"title\": 'Value', \"titleTextStyle\": {\"color\": 'red'},\"minValue\":0},\n    \"labelPosition\":\"right\",\"is3D\":true,\"hasLabelsColumn\":true,},\n    \"refreshInterval\":5,   \n    }\n  <\/script><br \/><sup>Source: INSTAT, Bank of Albania<br \/>Analysis and comments: ODA <\/sup><\/p>\n<p>  <script type=\"text\/javascript\" src=\"http:\/\/ajax.googleapis.com\/ajax\/static\/modules\/gviz\/1.0\/chart.js\">{\n\t\"chartType\":\"ColumnChart\",\n\t\"chartName\":\"Chart 1\",\n\t\"dataSourceUrl\":\"https:\/\/docs.google.com\/spreadsheet\/tq?key=0Agylwmr5tEbVdFBieWtNQ05FRG1CMVRoN0J6czJBN2c&gid=1&range=C40%3AE53&headers=-1\",\n\t\"options\":{\"width\":600,\"height\":371,\"colors\":[\"#0066FF\",\"#ff2e17\",\"#FFCC33\",\"#00cc00\",\"#b433ff\"],\"title\":\"Trade Balance 2000-2012\",\"legend\":\"right\",\"isStacked\":false,\n\t\"hAxis\": {\"title\": 'Year', \"titleTextStyle\": {\"color\": 'red'}},\n\t \"vAxis\": {\"title\": 'Value', \"titleTextStyle\": {\"color\": 'red'},\"minValue\":0},\n    \"labelPosition\":\"right\",\"is3D\":true,\"hasLabelsColumn\":true,},\n    \"refreshInterval\":5,   \n    }\n  <\/script><br \/><sup>Source: INSTAT, Bank of Albania<br \/>Analysis and comments: ODA<\/sup><\/p>\n<p>The presence of a trade deficit means borrowing from abroad or selling off capital assets (long-term strategic assets) to finance current purchases of goods and services. In the long run this is not a viable way to run the economy.<\/p>\n<p>  <script type=\"text\/javascript\" src=\"http:\/\/ajax.googleapis.com\/ajax\/static\/modules\/gviz\/1.0\/chart.js\">{\"dataSourceUrl\":\"https:\/\/docs.google.com\/spreadsheet\/tq?key=0Agylwmr5tEbVdFBieWtNQ05FRG1CMVRoN0J6czJBN2c&gid=1&range=B68%3AV71&headers=-1\",\"options\":{\"displayAnnotations\":true,\"showTip\":true,\"dataMode\":\"markers\",\"fontColor\":\"#fff\",\"midColor\":\"#36c\",\"pointSize\":0,\"colors\":[\"#3366CC\",\"#DC3912\",\"#FF9900\",\"#109618\",\"#990099\",\"#0099C6\",\"#DD4477\",\"#66AA00\",\"#B82E2E\",\"#316395\"],\"headerColor\":\"#3d85c6\",\"smoothLine\":false,\"lineWidth\":2,\"maxColor\":\"#222\",\"headerHeight\":40,\"labelPosition\":\"right\",\"is3D\":false,\"fontSize\":\"14px\",\"hasLabelsColumn\":true,\"wmode\":\"opaque\",\"hAxis\":{\"maxAlternation\":1},\"maxDepth\":2,\"allowCollapse\":true,\"minColor\":\"#ccc\",\"mapType\":\"hybrid\",\"width\":630,\"height\":165},\"state\":{},\"chartType\":\"Table\",\"chartName\":\"Chart 1\"}\n  <\/script> <br \/><sup>Source: INSTAT, Bank of Albania<br \/>Analysis and comments: ODA<\/sup><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Open Data Albania has analyzed Albania&#8217;s trade balance during the years 2010-2012. The report is based on data published from INSTAT (Albanian Institute of Statistics) and Bank of Albania. The trade balance measures the difference between the value of exports and imports in an economy. Exports represent the monetary value of all goods\/services sold\/committed abroad, while imports represent the monetary value of all goods\/services purchased\/carried&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[57],"tags":[],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":24214,"url":"https:\/\/ndiqparate.al\/?p=24214&lang=en","url_meta":{"origin":9017,"position":0},"title":"Voice of America broadcasted several views from civil society experts calling for legal reforms to prevent the misuse of public funds for electoral purposes. 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