International Trade Statistics in Goods, March 2020
Kosovo Agency of Statistics (KAS) has released data on the flow of export and import in March 2020.
Data on Kosovo International Trade of Goods indicate a lower trade deficit by (-15.3%) in March 2020, compared to the same period in 2019, respectively in the amount of 219.9 million Euros, compared to the deficit of 259.6 million Euros in 2019. Exports covers imports by 12.8%.
Exports of goods in March 2020 amounted to 32.1 million Euros, while imports 252.0 million Euros, which is an increase by 8.8% for exports, and a decrease by (-12.8%) for imports, compared to the same period of 2019.
According to the data of the main groups for export: 43.8% of exports are basic metals and articles thereof; 12.6% are plastics, rubber and articles thereof; 7.8% are prepared foodstuffs, beverages and tobacco; 6.9% are mineral products; 5.9% comprise various manufactured articles; 5.3% are machinery, mechanical and electrical equipment, etc.
According to the data of the main groups for import: 14.6% are prepared foodstuffs, beverages and tobacco; 12.8% are machinery, mechanical and electrical equipment; 10.1% are products of the chemical industry; 9.9% are mineral products; 8.6% are basic metals and articles thereof; 8.2% are plant products; 6.7% are plastics, rubber and articles thereof; 6.6% are vehicles, etc.
Kosovo's exports to EU countries amounted to 12.8 million Euros, or about 39.8% of total exports, an increase by 3.2%. The main partners for the export of goods to the EU are: Germany (7.9%), Great Britain (6.0%), Italy (4.9%), Sweden (4.6%), the Netherlands (4.6%), etc.
Kosovo's imports from EU countries were about 134.7 million Euros, or 53.5% of total imports, with a decrease by (-7.2%). The highest share of imports were from: Germany (13.5%), Italy (5.8%), Greece (4.7%), Croatia (4.3%), Poland (4.1%), Slovenia (3.8%), etc.
In March 2020, Kosovo's exports to CEFTA countries amounted to 15.8 million Euros, or 49.3% of total exports, an increase by 13.4%. The main partners for export from CEFTA countries were: Albania (29.3%), Northern Macedonia (9.5%), Montenegro (5.1%), and Serbia (4.0%).
Imports from CEFTA countries, in March 2020, amounted to 28.8 million Euros, or 11.5% of total imports, with a decrease by (-33.7%). The highest share of imports were from Northern Macedonia (5.7%), Albania (4.3%), and Serbia (0.8%).
Kosovo's exports to other countries of the world amounted to 3.4 million Euros, or 10.9%. The most important export partners from these countries are Switzerland (5.6%) and Turkey (1.8%).
Kosovo's imports to other countries of the world amounted to 88.4 million Euros, or 35.1%. The countries with the highest share of imports in this group were: Turkey (13.1%) and China (7.8%).