International Trade in Goods, August 2020
The Kosovo Agency of Statistics (KAS) has released data on the flow of export and import in August 2020.
Data on the Kosovo International Trade of Goods indicate a lower trade deficit by (-18.2%) in August 2020, compared to the same period of 2019, respectively in the amount of 228.9 million Euros, compared to the deficit of 279.9 million Euros in 2019. Exports cover imports by 13.0%.
Exports of goods in August 2020 amounted to 34.3 million Euros, while imports amounted to 263.3 million Euros, which is an increase by 7.6% for exports and a decrease by (-15.6%) for imports, compared to the same period of 2019.
According to the data of the main groups for export: 21.4% of exports are base metals and articles thereof; 16.5% consist of various manufactured items; 12.7% are plastics, rubber and articles thereof; 12.1% are prepared foodstuffs, beverages and tobacco; 11.7% are plant products; 6.6% are mineral products; 4.0% are textiles and articles thereof, etc.
According to the data of the main groups for import, they constitute: 12.5% prepared foodstuffs, beverages and tobacco; 12.3% machinery, mechanical and electrical equipment; 11.0% base metals and articles thereof; 10.1% mineral products; 10.0% means of transport; 8.6% chemical industry products; 7.0% plastics, rubber and articles thereof, etc.
Kosovo's exports to EU countries amounted to 12.3 million Euros, or about 36.1% of total exports, with an increase by 35.7%. The main partners for the export of goods to the EU are: Germany (12.6%), the Netherlands (3.3%), Great Britain (2.9%), etc.
Kosovo's imports from EU countries were around 117.5 million Euros, or 44.7% of total imports, with a decrease by (-26.6%). The highest share of imports were from: Germany (13.6%), Italy (5.6%), Slovenia (3.2%), Greece (3.1%), etc.
In August 2020, Kosovo's exports to CEFTA countries amounted to 14.7 million Euros, or 43.0% of total exports, with an increase of 6.7%. The main export partners from CEFTA countries are: Albania (18.9%), Northern Macedonia (9.4%), Serbia (7.5%), and Montenegro (5.2%).
Meanwhile, imports from CEFTA countries in August 2020 amounted to 52.3 million Euros, or 19.9% of total imports, with an increase of 10.9%. The countries with the highest share of imports were: Albania (6.0%), Serbia (6.0%) and Northern Macedonia (5.8%).
Kosovo's exports to other countries of the world amounted to 7.1 million Euros, or 21.0%. Switzerland is the most important export partner with 9.6%.
Kosovo's imports with other countries of the world amounted to 93.3 million Euros, or 35.5%. The countries with the highest share of imports in this group were: Turkey (13.2%) and China (10.6%).