Kosovo trade deficit increased to EUR 289.7 million in May of 2019 from EUR 278.9 million in the corresponding month of the previous year. Exports fell 2.9 percent to EUR 31.9 million, dragged down by lower sales of crude materials (-23 percent) while increases were recorded in shipments of manufactured goods (47.9 percent). Among major trading partners, shipments declined to Macedonia (-3.2 percent) and Serbia (-34 percent) while those rose to Albania (20.2 percent). Imports went up 3.1 percent to EUR 321.6 million, due to higher purchases of food & live animals (16.9 percent). On the other hand, imports dropped for machinery & transport equipment (-9.0 percent). Imports advanced from Turkey (17.6 percent) and China (11 percent). Balance of Trade in Kosovo averaged -159396.19 EUR Thousand from 2003 until 2019, reaching an all time high of -46937 EUR Thousand in January of 2003 and a record low of -289729 EUR Thousand in May of 2019.

Balance of Trade in Kosovo is expected to be -216500.00 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 -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
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-22 01:00 PM Balance of Trade €-209M €-167M €-193M
2019-04-24 10:15 AM Balance of Trade €-260M €-209M €-231.6M
2019-05-27 10:30 AM Balance of Trade €-258.5M €-260M €-273M
2019-06-21 10:50 AM Balance of Trade €-289.7M €-258.5M €-290M
2019-07-24 11:00 AM Balance of Trade €-289.7M
2019-08-23 10:00 AM Balance of Trade
2019-09-24 11:00 AM Balance of Trade


Kosovo Trade Last Previous Highest Lowest Unit
Balance of Trade -289729.00 -258545.00 -46937.00 -289729.00 EUR Thousand [+]
Current Account -66.30 -99.10 174.00 -460.90 EUR Million [+]
Current Account to GDP -8.30 -6.10 -3.40 -24.33 percent [+]
Imports 321621.00 295487.00 321621.00 48559.00 EUR Thousand [+]
Exports 31892.00 36942.00 38367.00 1562.00 EUR Thousand [+]
Capital Flows 12.90 -63.60 104.80 -278.00 EUR Million [+]
Remittances 68.80 71.70 608.70 41.60 EUR Million [+]
Terrorism Index 2.69 2.55 2.90 1.74 [+]
Foreign Direct Investment -2.20 17.00 440.70 -19.10 EUR Million [+]
External Debt 2037.95 2011.80 2113.80 520.64 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-289729.00 -258545.00 -46937.00 -289729.00 2003 - 2019 EUR Thousand Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.20 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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