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Kosovo's trade gap widens 4.5% in 2019

Kosovo's trade gap widens 4.5% in 2019 License: CC0 1.0 Universal

PRISTINA (Kosovo), January 27 (SeeNews) – Kosovo's trade deficit increased by 4.5% year-on-year to 3.11 billion euro ($3.4 billion) in 2019, the country's statistical office said.

Exports FOB rose by 4.4% year-on-year to 383.5 million euro, while imports CIF grew by 4.5% to 3.5 billion euro in 2019, the statistical office said in a statement last week.

In December alone, Kosovo's trade deficit increased by 12.7% year-on-year to 308.3 million euro.

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

Machinery, mineral products and food, beverages and tobacco made up the bulk of Kosovo's imports in December. Most imports originated in Germany, Turkey and China.

($ = 0.90675 euro)