Kosovo continues to face a high trade deficit

Kosovo continues to face a high trade deficit

Pristina, 31 March 2016/Independent Balkan News Agency

By Elton Tota

Kosovo’s Agency of Statistics (ASK) has published the recent data on import and export for February 2016.

Data on foreign trade indicate that deficit was 169,6 million euros or 20,7% more in the month of February 2016, compared to the same period of 2015, when trade deficit was 140,5 million euros. Exports cover imports by 12,4%.

Export of goods in the month of February 2016 has a value of 24 million euros, while import amounted to 193,6 million euros. Exports grew by 3,2% while imports grew by 18,2% compared to the same period of 2015.

Exports of Kosovo in the EU member countries are 6,9 million euros or 28,7% of the general exports. The main EU partners for export are: Bulgaria (4,8%), Germany (4,5%), Holland (4,3%) and France (3,3%).

Kosovo’s imports from the EU member countries are around 83,4 million euros or 43,1% of general imports with a growth of 22,7%.  The countries from which Kosovo imported the most were: Germany (13,8%), Italy (7,4%), Greece (3,7%), etc.  /ibna/