International Trade Statistics (ITS), October 2016
Kosovo Agency of Statistics (KAS) has published data regarding the flow of exports and imports for the month of October 2016.
Data from the Kosovo International Trade indicate a lower trade deficit (-0.2%) in the month of October 2016 compared to the same period of 2015 in the amount of 214.2 million euros, compared to a deficit of 214.6 million euros in 2015. Exports covered imports by 11.2%.
Exports of goods in the month of October 2016 were worth 27.1 million euros, while imports were 241.3 million euro, which is a decrease of (-0.1%) for exports and (-0.2%) for imports compared to the same period 2015.
According to the key export groups: 27.7% are mineral products; 22.9% are base metals and articles thereof; 10.2% are prepared foodstuffs, beverages and tobacco; 9.7% are plastics, rubber and articles thereof; 7.9% are plant products; 4.8% are leather and articles thereof; 4.0% are machinery, mechanical and electrical equipment, etc.
While, according to data for import groups: 12.7% of import consists of prepared food, beverage and tobacco; 12.1% are mineral products; 11.7% are base metals and articles thereof; 11.7% are machinery, mechanical and electrical equipment; 8.1% are products of the chemical industry; 7.6% are means of transport; 6.8% are plastics, rubber and articles thereof, etc.
Exports of Kosovo to EU countries amounted to 7.1 million euros, or approximately 26.6% of total exports, a decrease of (-10.3%). The main partners for export of goods to the EU are: Germany (5.9%), Austria (4.6%), the Netherlands (4.5%) and Bulgaria (3.5%).
Kosovo's imports from EU countries are about 105.4 million euro, or 43.7% of total imports, an increase of 2.2%. Imports with the highest participation are from: Germany (12.0%), Italy (7.2%), Greece (4.2%), Poland (3.0%), etc.
Kosovo's exports with CEFTA countries in the month of October 2016 amounted to 15.2 million euro or 56.3% of total exports, an increase of 26.1%. While the main export partners of the CEFTA countries were: Serbia (22.0%), Macedonia (13.4%), Albania (12.9%) and Montenegro (5.4%).
Imports from CEFTA countries in the month of October 2016 amounted to 67.8 million euros or 28.1% of total imports, which had decreased (-1.1%). But, countries with the highest share of import were: Serbia (14.2%), Macedonia (6.0%), Albania (4.3%) and Bosnia and Herzegovina (3.0%).
Exports of Kosovo to other countries totalled 4.6 million euros or 17.1%. While, as the most important partners of these countries for exports were Switzerland (5.7%) and China (3.9%). Meanwhile, imports of Kosovo export with other countries amounted to 68.0 million euros or 28.2%. But, countries with the highest share of import in this group were: China (9.5%) and Turkey (9.2%). Imports of Kosovo with other countries amounted to 65.0 million euros or 27.9%. Countries with the highest share of import in this group are: Turkey (9.0%) and China (8.9%).
For more information regarding the International Trade Statistics for October 2016 visit: http://ask.rks-gov.net/en/kosovo-agency-of-statistics/economy/international-trade