Kosovo recorded a trade deficit of 228987 EUR Thousand in August of 2020.

Balance of Trade in Kosovo averaged -165465.22 EUR Thousand from 2003 until 2020, reaching an all time high of -46937 EUR Thousand in January of 2003 and a record low of -308350 EUR Thousand in December of 2019. This page provides - Kosovo Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kosovo Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

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
-228987.00 -263741.00 -46937.00 -308350.00 2003 - 2020 EUR Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-24 01:30 PM May €-200M €-161.3M €-180M
2020-07-24 12:20 PM Jun €-246M €-200M € -267.8M
2020-08-21 02:45 PM Jul €-264M €-246M
2020-09-23 01:35 PM Aug €-229M €-264M
2020-10-23 12:30 PM Sep €-229M € -267.8M
2020-11-20 01:30 PM Oct
2020-12-23 01:30 PM Nov


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 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. .