These are countries where Kosovo exports mostly

These are countries where Kosovo exports mostly

Kosovo Statistics Agency (ASK) has published data concerning export and import flows for 2023. According to AKS data, the trade deficit is higher for 7.1% in 2023, compared to 2022. According to the AKS, the trade of goods in 2023 had the value trade deficit of [...]

According to the AKS, the trade of goods in 2023 had the commercial deficit worth 5.1 billion euros, which points to a more clean trade deficit for 7.1% compared to 2022, where even this year there is a negative balance. The export total this year was 863.1m euros, while importing 5.9 billion euros. Export covers import for only 14.6%.

Comparing export data for Kosovo goods during 2022 to 2021, the figures show that we have an annual increase for 21.8%, which has further Kosovo's negative trade balance. While goods trade data for Kosovo Import in 2022 has marked an annual increase of around (20.4%) compared to the preceding 2021 year.

According to key export groups data: 22,30% make up basic metals and articles from them; 17.66% make up different products produced; 13.86% make up plastics, tires and items from them; 10,52 make up prepared foods, drinks and tobacco; 6.52% make up minerals; 4.77% make up textiles and textile articles; etc.

And according to key group data on import: 14,57% make up mineral products; 12.14% make up prepared foods, drinks and tobacco; 11,44% make up machinery and mechanical and electrical equipment; 10.00 make up basic metals and articles; 9,99 make up transport tools; 6.92% make up chemical industry products; etc.

Kosovo exports to EU countries reached 278.6m euros, or about 32.3% of total exports, with a drop of (-10.6%). The main partners for export of goods to the EU were: Germany (10.8%), Italy (4.5%), the Netherlands (3.2%), etc.

Kosovo's imports from EU countries were around 2.5 billion euros, or 43.0% of total imports, with an increase of 6.5%. Imports with high turnout were from: Germany (12.8%), Greece (5.6%), Italy (5.2%), etc.

Kosovo exports with CEFTA countries reached 343.6m euros, or 39.8% of total exports, with an increase of (3.0%). Key export partners from CEFTA countries were: Northern Macedonia (14.1%), Albania (13.3%), Serbia (5.8%), Montenegro (5,2%).

Imports from CEFTA countries reached 926.6m euros, or 15.7% of total imports, with a drop of (7.4%). The countries with the highest share in import was: Albania (5.5%), Northern Macedonia (5.3%), Serbia (3.4%).

Kosovo exports with other countries of the world reached 241.0m euros, or 27.9%. As more important partners from these countries for export were: US (12.3%) and Switzerland (8.8%).

Kosovo's imports with other countries of the world reached 2.4 billion euros, or 41.4%. The countries with the highest share in import in this group were: Turkey (14.8%) and China (11.0%).

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