12 minutes agoKosovo exports goods more to Serbia than to Albanian state
Periskopi(9 years ago)
(9 years ago)Kosovo's trade deficit deepened in June. Kosovo exports rose by 25 per cent, but still managed to cover imports with only 14.9 per cent. Kosovo Statistics Agency data (ASK) for June speaks of a higher trade deficit in June 2017 [...]
Kosovo's trade deficit deepened in June. Kosovo exports rose by 25 per cent, but still managed to cover imports with only 14.9 per cent.
Kosovo Statistics Agency data (ASK) for June speaks of a higher trade deficit in June 2017 compared to the same month last year.
The gap between import and export in June was 217.5m euros. This means that 217m euros have left Kosovo more than have been introduced by the sale of products. Exports in June cover only 14.9 percent of imports.
“Export of goods in June 2017 was worth 38.1m euros, while import 255.7m euros is an increase of (25.9%) for export as well as (3.4%) for import compared to the same period in 2016”, the ASS report said.
Mineral products and basic metals continue to contribute to exports.
“According to key export group data: (28.1%) exports make up mineral products, (25.9%) basic metals and articles from them, (7.9%) plastic, rubber and articles from them, (7.5%) prepared foods, drinks and tobacco, (5) plant products, (3.1%) skin and articles from them, (2.0%) text and text articles from text etc: the report says.
Cooked food, drink, and tobacco are the main basis of imported goods.
“According to key import group data: (13.5%) of imports make up prepared foods, drinks and tobacco, (13.0%) mineral products, (11.7%) machinery, mechanical and electrical equipment, (10.5%) basic metals and articles from them, (7.6%) transport tools, (7.5%) chemical industry products, (7.0%) plastic, rubber and articles from them, (4.5%) plant products etc. ”, says the ASK.
Kosovo's exports and imports grew with European Union countries compared to the same month last year.
Kosovo's <x0ports in EU-28 countries amounted to 11.5m euros, or about 30.2%) of total exports, with an increase of (77.3%). Key partners for export of goods to the EU are: Austria (11.3%), Germany (3.9%), Denmark (2.9%), the Netherlands (2.8%), Bulgaria (2.4%)”, the report says.
Kosovo imports from EU countries stood at around 109.4m euros, or (42.8%) of total imports, with an increase of (3.8%). Imports with higher turnout were from: Germany (11.8%), Greece (6.0%), Italy (5.7%), Poland (3.0%) etc.
Kosovo's foreign trade with CEFTA countries turns out to be more connected to Serbia and Albania and then Macedonia.
In June 2017, Kosovo's exports with CEFTA countries were only 18.9m, or (49.6%) total exports. But, AKS says the value of exports with CEFTA countries marks an increase of 19.4%. Kosovo, according to the AK, exports more to Serbia than to Albania.
“Partner main exporter from CEFTA countries is: Serbia (19.5%), Albania (13.2%), Macedonia (11.1%), Montenegro (4.1%)”, says the Statistics Agency report.
Imports from CEFTA countries in June 2017 reached 71.6m euros, or (28.0%) of total imports, with an increase of (10.0%).
“The higher turnout options for import were: Serbia (14.1%), Macedonia (5.8%), Albania (5.2%) and B&H (2.4%)”, the ASS report says.
Kosovo trades goods and other world countries. In June, KSF data says exports reached 7.7m euros, or 20.2 percent, with important export partners India by 9.3 percent, Switzerland 5.4 percent. On the other hand, imports seized the value of 74.5m euros, or 29.2 per cent, with higher participation from China by 9.8 per cent and Turkey at 9.7 per cent.
