Kosovo Balance of Trade

Last Release

Nov 30, 2024

Actual

-473,007

Units In

EUR Thousand

-492,966

Frequency

Monthly

Next Release

Jan 24, 2025

Time to Release

1 Months 2 Days 20 Hours

Highest	Lowest	Average	Date Range	Source
-46,937 Jan 2003	-517,283 Nov 2023	-207,841.43 EUR Thousand	2003-2024	Kosovo Agency of Statistics

Kosovo has reported increasingly large trade deficits (57 percent of GDP in 2007) due to having a very weak export base. Kosovo predominantly exports metals (47 percent of total exports) and mineral products (30 percent of total exports). Kosovo’s main imports are mineral products, appliances and electric materials, prepared food, beverages and tobacco. Kosovo’s main trading partners are Macedonia, Germany, Italy, Serbia, China and Turkey. .

Latest Updates

Kosovo’s trade deficit narrowed to EUR 473 million in November 2024, down from EUR 517.3 million in the same month the previous year. Exports of goods totaled 93.9 million Euros, reflecting a 22.8% increase compared to November 2023. Exports to the EU reached 33.6 million Euros, accounting for around 35.8% of total exports, and showing a 15.0% growth. Germany was the largest recipient of Kosovo’s exports, making up 11.3%, followed by Italy at 3.2% and the Netherlands at 2.7%. Imports, on the other hand, amounted to 566.9 million Euros, a decrease of 4.5% year-over-year. Kosovo’s imports from the EU were valued at 242.5 million Euros, or 42.8% of total imports, marking a 6.3% increase. The primary sources of imports were Germany (14.3%), Italy (5.1%), and Greece (3.7%).