Kosovo’s trade gap edges up 0.2% y/y to EUR 595mn in Jan-Apr 2013

By bne IntelliNews June 5, 2013

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
Trade gap 194 -594 178 595 0.2%
- Exports 20.7 79 27.8 95 20.2%
- Imports 215 673 205.8 690 2.6%
Source: Kosovo statistics office          

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Haradinaj reportedly musters support to form Kosovo’s new government

Ramush Haradinaj, the prime ministerial candidate of the coalition that won Kosovo's June 11 early general elections, is believed to have mustered the support of 62 lawmakers in the new 120-seat ... more

Rival party leaders in Kosovo rebuff Haradinaj's invitation to coalition talks

Ramush Haradinaj, the prime ministerial candidate of the coalition that won the June 11 early general elections, has sent letters to the other two main formations in the new parliament, asking for a ... more