International Trade Statistics (ITS), August 2016
Kosovo Agency of Statistics (KAS) has published data regarding the flow of exports and imports for the month of August 2016.
Data from the External Trade indicate a higher trade deficit of 249.0 million euros, or 14.8% in August 2016 compared with a deficit of 216.9 million euros of the same period of 2015. Exports covers imports by 7.9%.
Exports of goods in the month of August 2016 were worth 21.4 million euros, while imports were 270.4 million euros, which is a decline of (-24.2%) for exports and an increase of 10.3% for imports compared to the same period 2015.
According to the key export groups: 29.0% are base metals and articles thereof; 17.0% are mineral products; 12.4% are prepared foodstuffs, beverages and tobacco; 10.5% are plastics, rubber and articles thereof; 9.3% are plant products; 3.8% are miscellaneous manufactured articles; 3.6% are textile and articles thereof; 3.0% are machinery, mechanical and electrical equipment, etc.
While, according to data for import groups: 15.0% of import consists of prepared food, beverages and tobacco; 13.7% are machinery, mechanical and electrical equipment; 13.1% are mineral products; 10.5% are base metals and articles thereof; 6.8% are products of the chemical industry; 6.4% are means of transport; 6.1% are plastics, rubber and articles thereof, etc.
Exports to EU countries amounted to 4.6 million euros, or 21.7% of total exports, a decrease of (-45.1%). The main partners for export of goods to the EU are: Germany (5.2%), Bulgaria (3.5%), Austria (2.9%), and Croatia (2.2%).
But Kosovo's imports from EU countries are about 109.3 million euros, or 40.4% of total imports, an increase of 5.8%. Imports with the highest participation are from: Germany (11.8%), Italy (8.2%), Poland (3.1%), Greece (2.9%), etc.
Meanwhile, Kosovo's exports to CEFTA countries, in the month of August 2016 totalled 11.0 million euros, or 51.3% of total exports, a decrease of (-8.6%). While the main export partners of the CEFTA countries are: Albania (17.2%), Macedonia (14.0%), Serbia (9.4%) and Montenegro (7.7%).
Meanwhile, imports from CEFTA countries in August 2016 amounted to 76.9 million euros, or 28.4% of total imports, which had an increase of 8.8%. But, countries with the highest share of import were: Serbia (14.8%), Macedonia (6.0%), Albania (3.9%) and B & H (3.2%).
Exports to other countries of the world amounted to 5.8 million euros, or 27.1%, while, as the most important partners for export from these countries are: Switzerland (6.4%) and Turkey (3.2%).
Meanwhile, imports of Kosovo with other countries of the world amounted to 84.2 million euros, or 31.1%, whereas countries with the highest participation of import in this group are: Turkey (10.4%) and China (8.9%).
For more information regarding the External Trade Statistics for the month of August 2016, visit: http://ask.rks-gov.net/en/