Kosovo's Jan-Sep trade gap shrinks 4.3% y/y to EUR 1.57bn

By bne IntelliNews November 6, 2013

Kosovo's foreign trade deficit shrank 4.3% y/y to EUR 1.57bn in Jan-Sep 2013 on the back of rising exports and declining imports, preliminary statistics office data showed.

Exports increased 10.5% y/y to EUR 224mn in Jan-Sep after rising by 10.2% y/y in Jan-Aug. Exports of mineral products grew 53% y/y to EUR 35mn in Jan-Sep, and those of plastics surged 50% on the year to EUR 14.1mn. On the other hand, exports of machinery, appliances and electric materials fell 26% y/y to EUR 10mn.

Higher sales abroad of mineral products contributed most to the overall growth in exports (6pps contribution), followed by plastics and plastic articles (2.3pps), prepared foodstuffs, beverages and tobacco (1.5pps).

Imports declined 2.7% on the year to EUR 1.8bn in Jan-Sep mainly because of declining mineral products purchases, which pulled down Kosovo's imports growth by 2.8pps over the period. Other foreign purchases that had negative contributions to the overall dynamics of the country's imports were - machinery, appliances and electric materials (-0.9pps), transport means (-0.7pps), vegetable products (-0.6pps).

The coverage of imports by exports in Jan-Sep 2013 improved to 12.4%, up from 11% a year earlier.

Kosovo's trade balance, EUR mn Jan-Sep'12 Jan-Sep'13 Change y/y
Trade gap 1,648.8 1,577.5 -4.3%
Exports 202.8 224.0 10.5%
Imports 1,851.6 1,801.5 -2.7%
Source: Kosovo statistics office      
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss