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Kosovo’s June trade gap narrows 9.9% y/y

Kosovo’s June trade gap narrows 9.9% y/y License: CC0 1.0 Universal

PRISTINA (Kosovo), July 24 (SeeNews) – Kosovo's trade deficit decreased 9.9% year-on-year to 243.1 million euro ($271.6 million) in June, the country's statistical office said on Wednesday.

Exports fell by 13.6% to 32.1 million euro in June, while imports decreased by 10.3% to 275.2 million euro, the Agency of Statistics said in a monthly economic report.

Kosovo's main export destinations in June were Albania, India and North Macedonia. Base metals, plastic products, food, beverages and tobacco as well as mineral products were Kosovo's main export items.

Mineral products, food, beverages and tobacco and machinery, mechanical and electrical equipment made up the bulk of Kosovo's imports in June. Most of the imports originated in Germany, Turkey and China.

In October, most of Kosovo's imports originated in neighbouring Serbia. In November, the government in Pristina increased import tariffs on all goods produced in Serbia and Bosnia to 100% from 10% set earlier that month, saying the move aimed to protect Kosovo’s sovereignty and interests.

Serbia and Bosnia do not recognise the independence of Kosovo, the former southern province of Serbia populated predominantly by ethnic Albanians.

($=0.8949 euro)

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