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      

Related Articles

UN creates trust fund to benefit communities following report on alleged human rights abuse in Kosovo camps

Following the cases of refugees in camps in northern Kosovo who suffered health consequences as a direct result of being placed in camps near a mine smelter storing toxic waste, the UN has ... more

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Kosovo’s PDK, AAK and Nisma form coalition ahead of June election

The Democratic Party of Kosovo (PDK), Alliance for the Future of Kosovo (AAK) and Initiative for Kosovo (Nisma) have agreed to form a coalition ahead of the early general elections scheduled for June ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss