Albania overcomes Serbia, sells more goods to Kosovo

Albania overcomes Serbia by selling more goods to Kosovo

 Kosovo Agency of Statistics (KSA) data on Kosovo's Foreign Trade show a higher trade deficit of 4.2% in November 2018, as compared to the same month of 2017.

Translated into figures, this year the deficit was 240.2 million euros and the last year was 230.5 million.

In November, goods worth over 34 million euros went out from Kosovo, and entered goods amounted to about 275 million euros.

"The export of goods in November 2018 was worth of 34.7 million euros, while the imports amounted to 274.9 million euros, an increase of 15.4% for exports and an increase of 5.5% for imports, compared with the same period of the year 2017", reads KAS's announcement.

According to the data of the main export groups, 36.4 percent consist of basic metals, 13.5 percent mineral products, 12.8 percent plastics, tires and articles thereof, 8.1 percent processed foods, beverages and tobacco, 6.4 per cent vegetable products, 3.8 percent various manufactured articles, 3.2 percent textile, etc.

The goods that came most in Kosovo were mineral products, machinery and mechanical equipment.

In November, Kosovo exported over 10 million euros to EU countries, with Germany's main partner.

"Kosovo's exports to EU countries reached 10.4 million euros, or about 30.2% of total exports, with a 29.6% increase. The main export partners for EU goods are: Germany (8.5%), Holland (4.2%), Slovenia (3.6%), and Italy (3.0%)," says the press release.

Meanwhile, Kosovo's imports from EU countries were about 126 million euros, or 45.8 percent of total imports, with a 9.8 percent increase.

The highest imports were from Germany 11.0 percent, Italy 5.1, Greece 4.1, France 3.7, Slovenia 3.5 percent, etc.

"In November 2018, Kosovo's exports to CEFTA countries reached 15.3 million, or 44.3% of total exports, down by 1.6%. The main export partners from CEFTA countries are: Albania (16.6%), Macedonia (10.5%), Serbia (8.3%), and Montenegro (6.9%),"  KSA statistics suggest.

While the imports from CEFTA countries in November 2018 reached 55.8 million euros, or 20.3 percent of total imports, with a decrease of 23.6 percent. The countries with the highest share of imports were: Albania 7.4 percent, Serbia 5.6, Macedonia 5.5 and Bosnia and Herzegovina by 1.1 percent.

Over 8m euros of goods were exported to other parts of the world. The main export partner is India.

"Kosovo's exports to other countries of the world amounted to 8.8 million euros, or 25.5%. India (14.3%) and Switzerland (7.8%) are the most important partners of these countries for export," the communiqué states.

Meanwhile, Kosovo's imports to other countries of the world amounted to 93 million euros, or 33.9 percent. The countries with the highest share of imports in this group were Turkey 11.2 percent and China 10.3 percent.
Albania overcomes Serbia, sells more goods to Kosovo Albania overcomes Serbia, sells more goods to Kosovo Wednesday, December 26, 2018 Rating: 5
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