flag Kosovo Kosovo: Trade Profile

Foreign Trade in Figures

Kosovo is one of the most open economies in the region, with trade representing 84% of its GDP (World Bank, latest data available). The government is currently negotiating Kosovo’s membership in the World Trade Organization (WTO) but has not made much progress in this regard since 2017. According to the International Trade Statistics of Kosovo data of December 2021, the main exports consisted of miscellaneous manufactured articles (30.5%); base metals and articles thereof (22.1%); plastics, rubber and articles thereof (11.8%); prepared foodstuffs, beverages and tobacco (9%); whereas imports were led by mineral products (15%); machinery, mechanical and electrical equipment (14%); and prepared foodstuffs, beverages and tobacco (12.5%).

According to Kosovo International Trade Statistics, the country's exports to the EU-27 accounted for 26.5% of the total, mostly to Germany (9.4%), Italy (2.9%), and the Netherlands (2.3%). Germany (12.0%), Italy (7.2%), Slovenia (4.7%), and (4.3%) were the main import partners. In 2016, Kosovo implemented the Stabilization and Association Agreement (SAA) negotiations with the EU, focused on trade liberalization. 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, although the government recently announced the removal of the tariff on imports of goods from Serbia and Bosnia and Herzegovina.

Kosovo has a small domestic market and limited industrial production, and its imports remain higher than exports. The country’s trade deficit increased by 38.3% year-on-year to 3.9 billion euro (USD 4.4 billion) in 2021: exports rose by 57.9% year-on-year to EUR 749.7 million, while imports increased by an annual 41.1% to EUR 4.65 billion.

 
Foreign Trade Indicators 20152016201720182019
Imports of Goods and Services (Annual % Change) -3-6764
Exports of Goods and Services (Annual % Change) 4339-2
Foreign Trade (in % of GDP) 8781848584
Imports of Goods and Services (in % of GDP) 4340413839
Exports of Goods and Services (in % of GDP) 4441444745

Source: World Bank - Latest available data.

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Commercial Policy

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

Non reciprocal trade preference granted by the EU
Assessment of Commercial Policy
Average Customs Duty (Excluding Agricultural Products)
10%
 
 

Trade Compliance

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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Latest Update: May 2022