Kosovo’s trade gap shrinks 1.8% y/y to EUR 788.4mn in Jan-May 2013

By bne IntelliNews July 5, 2013

Kosovo posted a trade gap of EUR 186.4mn in May alone, generating a Jan-May deficit of EUR 788.4mn, preliminary statistics office data showed.

However, the combined five-month gap was 1.8% smaller compared to a year earlier as imports remained rather stable, marking a tad increase of 0.3% y/y to EUR 910.8mn, while exports climbed 16.4% y/y to EUR 122.3mn. As a result, the coverage of imports by exports improved to 13.5% at end-May 2013, up from 11.5% at end-May 2012.

The growth in exports was supported by sales abroad of base metals and metal articles (5.1 pps contribution), mineral products (5.4 pps), plastic and rubber products (2 pps) and textiles (1.7 pps).

Mineral products, however, knocked down 3.8 pps from the growth in Jan-May imports. Purchases of base metal and metal articles (0.7 pps), foodstuffs (1.4 pps), stone, ceramic, plaster and glass products (0.6 pps) contributed most to the rise in imports.

Kosovo's trade balance, EUR mn May-12 Jan-May'12 May-13 Jan-May'13 Change y/y
Trade gap 206.5 803 186.4 788.4 -1.8%
Exports 25 105 27.2 122.3 16.4%
Imports 231.6 908 213.7 910.8 0.3%
Source: Kosovo statistics office          
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