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Trade Profile

Foreign Trade in Figures

The economy of Kosovo is one of the most open in the region. The Government, including the Ministry of Trade and Industry and the Investment Promotion Agency of Kosovo, actively promotes foreign investment and welcomes the development of the private sector. Customs duties are relatively low. Products exported to the European Union are tax-exempt because the country benefits from the non-reciprocal preferential agreement granted to countries participating in the Stabilisation and Association Process. However, border tensions with Serbia impede the expansion of trade. In 2013, the two countries began negotiations to improve their relations, but little progress was achieved in 2015.

Kosovo has a small domestic market and limited industrial production, and its imports remain higher than its exports. Despite a slight increase in exports in 2014, the trade deficit has grown because imports rose faster. In 2015, the country recorded a trade deficit of EUR 2.3 billion, equivalent to 40% of GDP. In fact, the country's exports are not very diversified and remained stable, while imports rose by 3.8%. Kosovo mainly exports metals (47% of total exports) and mineral products (30% of total exports). It primarily imports mineral products, appliances and electrical materials, food products, beverages and tobacco. Its main trade partners are Macedonia, Germany, Italy, Serbia, China and Turkey.

 
Foreign Trade Indicators 20112012201320142015
Imports of Goods and Services (Annual % Change) 81387
Exports of Goods and Services (Annual % Change) 94677
Foreign Trade (in % of GDP) 114118119122124
Imports of Goods and Services (in % of GDP) 5759586060
Exports of Goods and Services (in % of GDP) 5759616364

Source: World Bank - 2016.

 
 
 

 
 

Trade Compliance

Main International Economic Cooperation
Member of Central European Free Trade Agreement (CEFTA)

Non reciprocal trade preference granted by the EU
Useful Resources
UNMIK Customs
 
 
 

 

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Last Updates: June 2017