International Trade Statistics in Goods, May 2020
The Kosovo Agency of Statistics (KAS) has released data on the flow of export and import in May 2020.
Data on the Kosovo International Trade of Goods indicate a lower trade deficit by (-30.9%) in May 2020, compared to the same period last year, respectively in the amount of 200.3 million Euros, compared to deficit of 289.7 million Euros, as it was in 2019. Exports cover imports by (16.2%).
Exports of goods in May 2020 amounted to 38.7 million Euros, while imports 239.0 million Euros, which is an increase by 21.6% for exports and a decrease by (-25.7%) for imports, compared to the same period of 2019.
According to the data of the main groups for export: 44.2% of exports are basic metals and articles thereof; 10.8% are plastics, rubber and articles thereof; 8.4% are prepared foodstuffs, beverages and tobacco; 8.1% comprise various manufactured items; 5.5% are products of the chemical industry; 5.4% are mineral products; 4.6% are plant products; 3.6% are machinery, mechanical and electrical equipment, etc.
Whereas, according to the data of the main groups for import: 14.5% are prepared foodstuffs, beverages and tobacco; 12.9% are machinery, mechanical and electrical equipment; 10.9% are basic metals and articles thereof; 9.6% are mineral products; 9.1% are products of the chemical industry; 7.3% are plastics, rubber and articles thereof; 6.3% are means of transportation, etc.
Kosovo's exports to EU countries amounted to 15.0 million Euros, or about 38.8% of total exports, an increase by 28.8%. The main partners for the export of goods to the EU are: Germany (6.8%), Italy (5.2%), Great Britain (3.4%), the Netherlands (3.4%), Sweden (3.1%), etc.
Kosovo's imports from EU countries were around 103.7 million Euros, or 43.4% of total imports, with a decrease by (-37.5%). The highest share of imports were from: Germany (10.7%), Italy (5.9%), Greece (4.7%), Poland (3.2%), etc.
In May 2020, Kosovo's exports to CEFTA countries amounted to 18.3 million Euros, or 47.3% of total exports, an increase by 17.5%. The main export partners from CEFTA countries are: Albania (28.8%), Northern Macedonia (8.9%), Serbia (5.1%), and Montenegro (3.2%).
Meanwhile, imports from CEFTA countries, in May 2020, reached 52.7 million Euros, or 22.1% of total imports, with an increase of 4.6%. The countries with the highest share of imports were: Serbia (7.7%), North Macedonia (6.1%) and Albania (5.7%).
Kosovo's exports to other countries of the world amounted to 5.3 million Euros, or 13.9%. The most important export partner is Switzerland (7.4%).
Kosovo's imports with other countries of the world amounted to 82.6 million Euros, or 34.6%. The countries with the highest share of imports in this group were: Turkey (12.7%) and China (10.3%).