Kosovo trade deficit widened by 12.7 percent from a year earlier to EUR 308.3 million in December 2019. Exports fell 8.5 percent to EUR 26.9 million while imports surged 10.6 percent to EUR 335.2 million. Kosovo Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Balance of Trade in Kosovo averaged -163387.19 EUR Thousand from 2003 until 2019, reaching an all time high of -46937 EUR Thousand in January of 2003 and a record low of -308300 EUR Thousand in December of 2019. This page provides - Kosovo Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Balance of Trade in Kosovo is expected to be -267800.00 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 -266600.00 in 12 months time. In the long-term, the Kosovo Balance of Trade is projected to trend around -266600.00 EUR Thousand in 2021, according to our econometric models.


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Kosovo Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-308300.00 -262221.00 -46937.00 -308300.00 2003 - 2019 EUR Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-24 01:35 PM Sep €-257.3M €-279.9M € -216.5M
2019-11-22 01:00 PM Oct €-282.8M €-257.3M €-277M
2019-12-24 01:30 PM Nov €-262.2M €-282.8M
2020-01-24 01:35 PM Dec €-308.3M €-262.2M €-267.8M
2020-02-27 01:30 PM Jan €-308.3M
2020-03-23 01:30 PM Feb
2020-04-23 12:30 PM Mar € -267.8M
2020-05-22 12:30 PM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Kosovo Trade Gap Widens in November
Kosovo trade deficit increased to EUR 262.0 million in November of 2019 from EUR 240.1 million in the corresponding month of the previous year. Exports went up 1.8 percent to EUR 35.4 million, driven by higher sales of miscellaneous manufactured articles (26.7 percent) and food and live animals (9.8 percent). Among major trading partners, shipments increased to Italy (385 percent) and Macedonia (22.6 percent). Meantime, imports jumped 8.3 percent to EUR 297.6 million, due to higher purchases of machinery and transport equipment (19.7 percent) and manufactured goods (4.5 percent). Imports advanced from Germany (32.6 percent) and China (3.4 percent).
2019-12-24
Kosovo Trade Gap Widens in October
Kosovo trade deficit increased to EUR 282.8 million in October of 2019 from EUR 270.6 million in the corresponding month of the previous year. Exports went down 15.6 percent to EUR 32.3 million, dragged down by lower sales of base metals and articles thereof (-36.5 percent). In contrast, exports of plastics, rubber and articles thereof increased 9.4 percent. Among major trading partners, shipments fell to Albania (-14.5 percent) and Macedonia (-1.8 percent) while those rose to Italy (474.7 percent). Imports went up 2.0 percent to EUR 315.1 million, due to higher purchases of machinery, appliances and electric materials (16.3 percent) and prepared foodstuffs, beverages and tobacco (5.8 percent). On the other hand, imports dropped for mineral products (-5.5 percent). Imports advanced from Germany (24 percent) and Turkey (24.5 percent).
2019-11-22
Kosovo Trade Gap Little-Changed in September
Kosovo's trade deficit rose marginally to EUR 257.3 million in September 2019 from EUR 257.2 million in the corresponding month of the previous year. Exports advanced 4.7 percent to EUR 38.4 million, mainly boosted by shipments of crude materials, inedible, except fuels (11.2 percent) and miscellaneous manufactured articles (44.2 percent). Among major trading partners, exports went up to Albania (10.5 percent), Germany (28.2 percent), the Netherlands (27.9 percent) and Switzerland (27.1 percent). Meantime, imports increased at a much slower 0.6 percent to EUR 295.8 million, as higher purchases of machinery & transport equipment (11.6 percent) and miscellaneous manufactured articles (0.9 percent) were partly offset by declines in those of food & live animals (-4.8 percent) and mineral fuels, lubricants and related (-9.6 percent). Imports rose mostly from Germany (22.3 percent), Italy (12.1 percent), Turkey (45.5 percent) and Macedonia (28.9 percent).
2019-10-24
Kosovo Trade Gap Widens in August
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).
2019-09-24

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. .