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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. In 2016, Kosovo implemented the Stabilization and Association Agreement (SAA) negotiations with the EU, focused on trade liberalization. The government of Kosovo gets approximately 58% of its revenue from tariffs on imports, however under the SAA the country is required to phase out tariffs on EU goods over the next seven years. 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.
Kosovo has a small domestic market and limited industrial production, and its imports remain higher than exports. According to the country's Statistical Office, in 2017 Kosovo's trade deficit increased by 12.4% year-on-year, reaching EUR 2.66 billion. Exports increased to EUR 378 million from 309 million in 2016, while imports rose to EUR 3 billion from 2.7 billion.
Kosovo mainly exports metals (almost half of total exports) and mineral products (around 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 20112012201320142015
Imports of Goods and Services (Annual % Change) 813-09
Exports of Goods and Services (Annual % Change) 946-517
Foreign Trade (in % of GDP) 1141181199790
Imports of Goods and Services (in % of GDP) 5758584948
Exports of Goods and Services (in % of GDP) 5759614842

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: June 2018