Kosovo trade deficit increased to EUR 296.4 million in July of 2019 from EUR 281.5 million in the corresponding month of the previous year. Exports went up 40.5 percent to EUR 40.5 million, boosted by higher sales of base metals and articles thereof (67.7 percent); prepared foodstuffs, beverages and tobacco (11.6 percent) and plastics, rubber and articles thereof (10.0 percent). Among major trading partners, shipments increased to India (675 percent) and Macedonia (18.7 percent) while those fell to Albania (-1.2 percent). Imports went up 8.6 percent to EUR 336.9 million, due to higher purchases of mineral products (14.2 percent) and prepared foodstuffs, beverages and tobacco (9.1 percent). On the other hand, imports dropped for machinery & transport equipment (-0.1 percent). Imports advanced from Germany (17.6 percent) and Turkey (32.4 percent). Balance of Trade in Kosovo averaged -160505.36 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
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-27 10:30 AM Balance of Trade Apr €-258.5M €-260M €-273M
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 €-296.4M €-263M
2019-10-24 11:00 AM Balance of Trade Sep € -216.5M
2019-11-22 12:00 PM Balance of Trade Oct

Kosovo Trade Last Previous Highest Lowest Unit
Balance of Trade -296396.00 -243122.00 -46937.00 -296396.00 EUR Thousand [+]
Current Account -106.90 -66.30 174.00 -460.90 EUR Million [+]
Current Account to GDP -8.30 -6.10 -3.40 -24.33 percent [+]
Imports 336866.00 275237.00 336866.00 48559.00 EUR Thousand [+]
Exports 40470.00 32115.00 40470.00 1562.00 EUR Thousand [+]
Capital Flows -105.10 12.90 104.80 -278.00 EUR Million [+]
Remittances 78.40 68.80 608.70 41.60 EUR Million [+]
Terrorism Index 2.69 2.55 2.90 1.74 [+]
Foreign Direct Investment 41.50 -2.20 440.70 -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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-296396.00 -243122.00 -46937.00 -296396.00 2003 - 2019 EUR Thousand Monthly

Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19