Kosovo’s trade deficit grows

Kosovo’s trade deficit grows

Pristina, November 27, 2014/Independent Balkan News Agency

By Elton Tota

Agency of the Statistics of Kosovo (ASK) has published the figures relating to the volume of export and import for the month of October 2014.

Figures about the volume of foreign trade in Kosovo indicate a higher trade volume amounting to 205,3 million Euros for the month of October, compared to the same period of 2013, when deficit was 192,6 million Euros.

Exports in October 2014 amounted to 29,6 million Euros, marking an increase of 13,2%, while import saw a growth of 7.4% compared to the same period of 2013.

Based on the figures for the main groups of export: 52,9% of exports consisted of basic materials; 11,7% consisted of mineral products; 7% consisted of ready-made food, beverages and tobacco 5,9% consists of plastic, rubber and their products; 5.2% consisted of medicinal plants; 4% consisted of textile and their products.

As far as imports are concerned: 19,7% of imports consist of mineral products; 12,7% of ready-made food, beverages and tobacco; 10,5% consists of machinery, mechanical equipment and electrical equipment; 9,3% consists of basic materials and their products; 8% consist of products of chemical industry; 6,1% on plastic, rubber and their products; 5,7% on textile and textile products, etc.

As far as Kosovo’s exports and imports are concerned, the main trade partners of this country are EU member countries, which occupy 19,3% of exports and 42,9% of imports. Meanwhile, CEFTA’s countries occupy 40,2% of exports and 30,5% of imports in October 2014.

The largest part of exports went to China, 27,5%, FYROM, 13,5%, Albania, 12,9%, Montenegro, 7%, Serbia 5,6%, Germany, 4,7%, Italy, 4,3%.

According to the figures, the largest percentage of imports was occupied by Serbia with 16%. /ibna/