Main Export Sectors

Export and import trends

Kosovo is a small open economy which has a share of exports and import to the GDP estimated to be approximately 0.56 for the year 2012. This foreign trade is significantly dominated by the imports EUR 2,492 million, compared to EUR 319 million. As such, it represents a challenge resulting in a high trade deficit, however, in the mean time it is a great opportunity for investors to engage in exports as it is a priority of the government as well. As the state building was undertaken, the trade sector including both imports and exports has shown constant increasing trends. Even though, at this time the exports cover only a small portion of imports, the aim of the government is to develop this sector through incentives and help the exporters overturn this large gap.

Year Export Import Trade Deficit Percentage of export to imports Yearly increase in percentage for exports Yearly increase in percentage for imports
2001 10,559 684,500 -673,941 1.54%
2002 27,599 854,758 -827,159 3.23% 161.38% 24.87%
2003 35,621 973,265 -937,644 3.66% 29.07% 13.86%
2004 56,567 1,064,347 -1,007,780 5.31% 58.80% 9.36%
2005 56,283 1,157,492 -1,101,209 4.86% -0.50% 8.75%
2006 110,774 1,305,879 -1,195,105 8.48% 96.82% 12.82%
2007 165,112 1,576,186 -1,411,074 10.48% 49.05% 20.70%
2008 198,463 1,928,236 -1,729,773 10.29% 20.20% 22.34%
2009 165,328 1,935,541 -1,770,213 8.54% -16.70% 0.38%
2010 295,957 2,157,725 -1,861,768 13.72% 79.01% 11.48%
2011 319,165 2,492,348 -2,173,183 12.81% 7.84% 15.51%
Average: 48.50% 14.01%

For the past ten years, exports have shown a constant increase, with an average per annum during this period of around 48.5%. Compared to the imports which have a 14.01% average annual increase, this shows a catching up trend. The global financial crises has placed a large burden in the exports for 2009 since the decrease of prices in international markets has caused a drop of around 16.7% for goods and services exported from Kosovo.

As the statistics confirm, for the period 2005 – 2011, it can be observed a consistent increasing trend for exports, as well as imports. Based on the analysis of data during the period 2005-2011 it is noted that there is a consistent increase both in exports and imports.

The below table illustrates the development across different sectors when it comes exports and imports. Despite the fact that some of the goods are produced locally, there still exists a large demand for goods in the same industry for local market, as well as regional and international ones.

EXPORT AND IMPORT BY CATEGORY FOR 2010 and 2011 (in thousands)

Export Import
2010 2011 2010 2011
Food and live animals 18,710 17,552 354,396 413,054
Beverages and tobacco 5,368 8,097 102,099 114,472
Crude materials 73,944 81,108 65,897 86,309
Mineral fuels 10,845 16,229 339,225 452,498
Animal and vegetable oils 100 45 17,346 19,292
Chemicals 2,426 4,174 205,055 256,657
Manufactured goods 165,993 168,766 421,836 488,804
Machinery and transport equipment 9,745 16,162 439,861 422,316
Miscellaneous manufactured articles 8,735 6,902 202,580 226,544
Commodities 91 131 9,432 12,401
TOTAL 295,957 319,165 2,157,725 2,492,348