Kosovo's trade gap widened 0.2% y/y to EUR 595mn in Jan-Apr 2013 after an 8.5% y/y contraction of the deficit in April almost entirely wiped out its annual increase from the first quarter of the year, preliminary data of the statistics office showed. The coverage of imports by exports was 13.7%, which is more than the 11.7% one in the like period of 2012.
In April alone, exports climbed 34% y/y, while imports slipped by 4.3% y/y. As a result, in the combined period of Jan-Apr the percentage growth in exports (up 20% y/y to EUR 95mn) continued to outpace the rise in imports (2.6% y/y to EUR 690mn). The exports surge was driven mainly by sales abroad of mineral products (8 pps contribution); plastic and rubber products (3 pps); machinery (2.6 pps); textile (2 pps), and base metals (1.6 pps).
Base metals (1.4 pps contribution); foodstuffs (1.3 pps); stone, ceramic, plaster and glass products (1 pps); plastics and rubber products (0.8 pps), and chemical products (0.7 pps) contributed most to the Jan-Apr increase in imports. On the other hand, purchases of mineral products continued to decline and pulled down the imports growth by 3.8 pps.
|Kosovo's trade balance, EUR mn||Apr-12||Jan-Apr'12||Apr-13||Jan-Apr'13||Change y/y|
|Source: Kosovo statistics office|
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