Exports up 8.3% y/y in September 2016
In September 2016, exports increased 8.3% y/y at US$ 201.7mn, imports were down 1.6% y/y to US$ 631.1mn excluding donated hepatitis-C medication imports, and the trade deficit narrowed 5.7% y/y to US$ 429.3mn according to GeoStat. Increased exports of copper ores (+172.9% y/y), nuts (+18.6% y/y), cars (+8.6% y/y), and crude oil (+7.2% y/y) were the major commodities positively affecting exports growth in September 2016, while pharmaceuticals (-15.6% y/y), ferro-alloys (-6.4% y/y), and wine (-14.4% y/y) exports decreased.
Petroleum (-8.4% y/y), cars (+14.0% y/y), copper ores (+20.6% y/y), pharmaceuticals (-0.5% y/y, excluding donated hepatitis-C medicine), and gases (-43.5% y/y) represented the top 5 imported commodities in September 2016.
In 9M16, trade deficit was down 1.1% y/y to US$ 3.68bn, excluding one-offs, as imports were down 3.3% y/y to US$ 5.19bn and exports fell 8.1% y/y to US$ 1.51bn.
Property registration up 10.6% y/y in September 2016
Property registration (commercial and residential real estate) increased 10.6% y/y (-3.9% m/m), reaching 54,265 units in September 2016, according to the National Agency of Public Registry. Registration increased for primary (+44.0% y/y, 24.6% of total), as well as secondary (+2.8% y/y, 75.4% of total) properties.
Company registration up 9.6% y/y in September 2016
In September 2016, company registration increased 9.6% y/y (+5.7% m/m) to 4,228 units, according to the National Agency of Public Registry. Out of newly registered companies, 96.1% were business legal entities, while 3.9% comprised non-entrepreneurial (non-commercial) legal entities.
