Kosovo Balance of Trade

Last Release

Aug 31, 2024

Actual

-498,478

Units In

EUR Thousand

-495,877

Frequency

Monthly

Next Release

Oct 18, 2024

Time to Release

26 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
-46,937 Jan 2003	-517,283 Nov 2023	-204,872.85 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 widened to EUR 498.5 million in August 2024 from EUR 455.8 million in the same month last year, marking the highest deficit since November 2023. Imports rose by 11.2% to EUR 582 million, where most arrivals came from Turkey (15.1% of total imports), China (12.9%) and Germany (12.8%). Meanwhile, exports increased by 24% to EUR 83.5 million, where most shipments were for Albania (24.1% of total exports), North Macedonia (17.1%) and Germany (10.4%).