PRISTINA (Kosovo), November 23 (SeeNews) – Kosovo's trade deficit increased 13.7% year-on-year in October, reaching 270.5 million euro ($308.4 million), the country's statistical office said on Friday.
Exports rose by 12.5% year-on-year to 38.3 million euro in October, while imports grew by 13.5% to 308.8 million euro, the statistical office said in a monthly economic report.
Kosovo's main export destinations in October were Albania, India, Macedonia and Serbia. Base metals, plastic products, foodstuffs and beverages and tobacco, as well as mineral products were Kosovo's main export items.
Mineral products, base metals and machinery, appliances and electric material made up the bulk of Kosovo's imports in October. Most of the imports originated in Serbia, Germany, Turkey and China.
On Wednesday, Kosovo government increased the import tax on goods produced in Serbia and Bosnia to 100% from 10% set earlier this month, saying the move aimed to protect Kosovo’s sovereignty and interests.The increased import tax will not apply to products of international brands made in Serbia and Bosnia.
($ = 0.87690 euro)