Publication of Balance of Payments statistics for November 2025

The Central Bank of the Republic of Kosovo, in accordance with its publication calendar, presents the Balance of Payments statistics for November 2025.

Balance of Payments – by the end of November 2025, the current account recorded a deficit of €850.30 million, representing an increase of €164.98 million, or 24.07% higher compared to the same period of the previous year.

Trade balance in goods – by the end of November 2025, recorded a deficit of €5.07 billion, which is 14.9% higher compared to the same period of the previous year. Exports during this period reached a value of €874.14 million, marking a decrease of 1.17% compared to the corresponding period of the previous year, while imports of goods increased by 12.20%, reaching a value of €5.94 billion.

Services account – which consistently records a positive balance, reached €2.04 billion by the end of November 2025, representing an increase of 22.36% compared to the same period of the previous year.

Primary income – by the end of November 2025, recorded a positive balance of €255.80 million, whereas in the same period of the previous year it amounted to €209.01 million, indicating an increase of approximately 22.39%.

Secondary income – remains the key contributor to mitigating the current account deficit. By November 2025, this account recorded a positive balance of €1.89 billion, which is 3.65% higher compared to the same period of the previous year.

Remittances – are the key category within secondary income, the value of which by November 2025 reached €1.28 billion, representing an increase of €50.43 million, or 8.87%, compared to the same period of 2025. Whereas, according to preliminary estimates, remittances for December 2025 were around €140.04 million, bringing the total value to €1.42 billion (preliminary) by the end of December 2025. The largest inflows during November were channeled through NBFIs with 62.51%, through commercial banks with 15.51%, and through other channels with 21.98%.

Assets in the financial account – by the end of November 2025 recorded a positive balance of €919.74 million. Meanwhile, financial liabilities also recorded a positive balance amounting to €1.41 billion.

Direct investment in Kosovo – by the end of November 2025 amounted to €934.3 million, representing an increase of 28.29% compared to the same period of the previous year, while direct investment abroad from Kosovo reached €327.7 million, representing an increase of 66.6%.

Reserve assets – by the end of November 2025 increased by €379.58 million, representing an increase of 29.75% compared to the same period of the previous year, when they amounted to €292.55 million. The increase in reserve assets was mainly driven by the growth in deposits, which during the January-November 2025 period increased by €363.56 million. In addition, investments in securities during this period increased by €16.02 million. The full data can be found at the following link https://bqk-kos.org/statistikat/serite-kohore/