Kosovo trade deficit increased to EUR 279.9 million in August of 2019 from EUR 276.5 million in the corresponding month of the previous year. Exports went up 4.7 percent to EUR 31.9 million, boosted by higher sales of base metals and articles thereof (43.3 percent) and plastics, rubber and articles thereof (9.5 percent). Among major trading partners, shipments increased to India (958 percent) and Germany (10.9 percent) while those fell to Albania (-2.2 percent). Imports went up 1.6 percent to EUR 311.9 million, due to higher purchases of mineral products (0.6 percent) and transport means (30.3 percent). On the other hand, imports dropped for prepared foodstuffs, beverages & tobacco (-0.1 percent). Imports advanced from Germany (10.7 percent) and Turkey (18.3 percent). Balance of Trade in Kosovo averaged -161102.59 EUR Thousand from 2003 until 2019, reaching an all time high of -46937 EUR Thousand in January of 2003 and a record low of -296396 EUR Thousand in July of 2019.

Balance of Trade in Kosovo is expected to be -248097.34 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Kosovo to stand at -267800.00 in 12 months time. In the long-term, the Kosovo Balance of Trade is projected to trend around -266600.00 EUR Thousand in 2020, according to our econometric models.

Kosovo Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-06-21 10:50 AM Balance of Trade May €-289.7M €-258.5M €-290M
2019-07-24 11:40 AM Balance of Trade Jun €-243.1M €-289.7M €-275M
2019-08-23 11:00 AM Balance of Trade Jul €-296.4M €-243.1M €-293M
2019-09-24 11:00 AM Balance of Trade Aug €-279.9M €-296.4M €-263M
2019-10-24 11:00 AM Balance of Trade Sep €-279.9M € -216.5M
2019-11-22 12:00 PM Balance of Trade Oct
2019-12-24 12:00 PM Balance of Trade Nov


Kosovo Trade Last Previous Highest Lowest Unit
Balance of Trade -279951.00 -296396.00 -46937.00 -296396.00 EUR Thousand [+]
Current Account 36.60 -59.20 163.50 -460.90 EUR Million [+]
Current Account to GDP -8.30 -6.10 -3.40 -24.33 percent [+]
Imports 311857.00 336866.00 336866.00 48559.00 EUR Thousand [+]
Exports 31906.00 40470.00 40470.00 1562.00 EUR Thousand [+]
Capital Flows 17.20 -34.90 105.50 -278.00 EUR Million [+]
Remittances 73.90 73.50 608.70 41.60 EUR Million [+]
Terrorism Index 2.69 2.55 2.90 1.74 [+]
Foreign Direct Investment 35.30 5.10 440.70 -19.10 EUR Million [+]
External Debt 2141.66 2037.95 2141.66 520.64 EUR Million [+]


Kosovo Balance of Trade

Kosovo has reported increasingly large trade deficits (57 percent of GDP in 2007) due to having a very weak export base. Kosovo predominantly exports metals (47 percent of total exports) and mineral products (30 percent of total exports). Kosovo’s main imports are mineral products, appliances and electric materials, prepared food, beverages and tobacco. Kosovo’s main trading partners are Macedonia, Germany, Italy, Serbia, China and Turkey. . This page provides - Kosovo Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kosovo Balance of Trade - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-279951.00 -296396.00 -46937.00 -296396.00 2003 - 2019 EUR Thousand Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -122.98 Sep/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


Related

Latest