Kosovo’s trade gap widens 39.5% y/y in July

Kosovo’s trade deficit increased by 39.5% year-on-year to 367.7 million euros ($431.8 million) in July, the country’s statistical office said.

Exports rose by 46.2% year-on-year to 62.3 million euro, while imports increased by 40.4% to 430.0 million euro in July, the statistical office said in a statement on Monday.

Kosovo’s main export destinations in July were Albania, North Macedonia, and the U.S. Base metals, various manufactured articles, and plastic and rubber products were Kosovo’s main export items.

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