International Trade Statistics in Goods, February 2020
The Kosovo Agency of Statistics (KAS) has released data on the flow of export and import in February 2020.
Data on Kosovo International Trade indicate a higher trade deficit by 9.0% in February 2020, compared to the same period in 2019, respectively in the amount of 227.4 million Euros, compared to the deficit of 208.6 million Euros in 2019. Exports covers imports by 13.6%.
Exports of goods in February 2020 amounted to 35.9 million Euros, while imports 263.3 million Euros, which is an increase by 49.4% for exports and 13.2% for imports, compared to the same period in 2019.
According to the data of the main groups for export: 48.1% of exports are base metals and articles thereof; 12.7% are plastics, rubber and articles thereof; 7.1% are prepared foodstuffs, beverages and tobacco; 6.8% comprise miscellaneous manufactured articles; 4.5% are machinery, mechanical and electrical equipment; 4.0% are mineral products, etc.
According to the data of the main groups for import: 13.2% are mineral products; 12.0% are prepared foodstuffs, beverages and tobacco; 11.7% are machinery, mechanical and electrical equipment; 9.9% are base metals and articles thereof; 9.6% are vehicles; 7.9% are products of the chemical industry; 7.1% are plastics, rubber and articles thereof; 5.4% are plant products, etc.
Kosovo's exports to EU countries amounted to 12.3 million Euros, or about 34.5% of total exports, an increase by 46.8%. The main partners for the export of goods to the EU are: Germany (7.6%), Italy (5.5%), Sweden (4.3%), the Netherlands (3.9%), Great Britain (3.6%), etc.
Kosovo's imports from EU countries were about 137.4 million Euros, or 52.2% of total imports, with an increase by 18.6%. The highest share of imports were from: Germany (14.3%), Italy (5.3%), Slovenia (4.9%), Greece (4.4%), Bulgaria (3.6%), Croatia (3.3%), etc.
In February 2020, Kosovo's exports to CEFTA countries amounted to 18.1 million Euros, or 50.4% of total exports, an increase by 54.7%. The main partners for export from CEFTA countries are: Albania (33.0%), Macedonia (8.8%), Serbia (4.7%), and Montenegro (2.2%).
Imports from CEFTA countries in February 2020 amounted to 28.7 million Euros, or 10.9% of total imports, with a decrease by (-13.6%). The highest share of imports were from Macedonia (5.8%), Albania (4.3%), and Serbia (0.2%).
Kosovo's exports to other countries of the world amounted to 5.4 million Euros, or 15.1%. The most important export partners from these countries are Switzerland (8.5%) and Turkey (3.3%).
Kosovo's imports to other countries of the world amounted to 97.2 million Euros, or 36.9%. The countries with the highest share of imports in this group were: Turkey (11.2%) and China (10.3%).