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Voxpress:

Why did Albania leave Serbia behind as a trading partner in Kosovo?

2024-03-21 13:42:53Biznes SHKRUAR NGA REDAKSIA VOX

Why did Albania leave Serbia behind as a trading partner in Kosovo?

In February of this year, Kosovo exported 70.3 million euros of goods, with a decrease of 3.9%, and imported about 467 million euros of goods. According to the data of the main import groups, 15.6% are mineral products, 11.8% are prepared foods, drinks and tobacco, 10.8% are means of transport and 10.2% are basic metals and articles thereof.

From the data of the "Kosovo Statistics Agency", imports from CEFTA countries reached 76.5 million Euros, or 16.4% of total imports, with an increase of 23.9%. The countries with the highest import participation in February this year were Albania with 7.9%, North Macedonia with 5.5% and Serbia with 1.8%.

We remind you that the value of products imported from Albania to Kosovo increased by around 71 million euros during 2023. Also, exports from Kosovo to Albania had a significant increase. The Government of Kosovo has imposed a ban on products from Serbia and as a result, the value of imports from Serbia has decreased and it seems that it has also influenced the increase in imports from Albania and other countries, at a time when North Macedonia ranks second .

In February 2024, the value of Kosovo's imports to Albania reached approximately 3.2 billion ALL or 31.7 million euros. On the other hand, the value of exports to Albania was recorded at 947 million ALL or 9.2 million euros.

But what did Kosovo import from Albania in February of this year? "Giza and Steel" has the largest share of total imports from Kosovo to Albania with 31.7%. Hydrocarbons occupy the second place with a weight of 18.4%, followed by "Salts and Sulfurs" with 9.5%. On the other hand, a significant weight is occupied by "Aluminum and its articles" with 3.9%, followed by oils and resins or alcoholic beverages and vinegars.


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