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|
|Source: Kosovo statistics office|
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