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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 has been achieved as of 2017, despite the signature of agreements on telecommunications and energy distribution in 2015.

Kosovo has a small domestic market and limited industrial production, and its imports remain higher than exports. In 2016, the country recorded a trade deficit of EUR 2.48 billion, which was higher by 7.4% compared to 2015. In fact, the country's exports are not very diversified and declined by 4.8%, while imports rose by 5.9%. In 2017, the trade deficit increased 4.8% year-on-year to EUR 753.7 million) in the January-April period (Kosovo Agency of Statistics). 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 EU countries and its neighbours through the Central European Free Trade Agreement (CEFTA).

 
Foreign Trade Indicators 20122013201420152016
Imports of Goods and Services (Annual % Change) 13876
Exports of Goods and Services (Annual % Change) 46775
Foreign Trade (in % of GDP) 11811912212492
Imports of Goods and Services (in % of GDP) 5958606050
Exports of Goods and Services (in % of GDP) 5961636442

Source: World Bank ; WTO – World Trade Organisation - Latest available data.

 
 
 

 
 

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: July 2017