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Kosovo, located on the Balkan Peninsula in southeastern Europe, is bordered by North Macedonia to the south, Albania to the southwest, and Montenegro to the northwest. It has rich mineral resources and extensive arable land.
From January to September 2022, Kosovo's total import and export volume was 4.749 billion euros, an increase of 22.6% year-on-year, equivalent to about 4.66 billion US dollars. Exports totaled 685 million euros, up 26.5% year-on-year, equivalent to approximately 672 million US dollars. Imports reached 4.064 billion euros, a 22.0% increase year-on-year, equivalent to about 3.988 billion US dollars, resulting in a trade deficit of 3.379 billion euros, an increase of 21.1% year-on-year, equivalent to approximately 3.316 billion US dollars.
The United States is Kosovo's largest export market, with exports reaching 108 million euros, up 40.5% year-on-year, accounting for 15.7% of total exports. Turkey is the largest source of imports, with 581 million euros, a 40.2% increase year-on-year, making up 14.3% of total imports. The Turkish Minister of Trade has set a bilateral trade target of 1 billion US dollars by the end of 2024.
From January to September 2022, trade between China and Kosovo totaled 411 million euros, a 30.9% increase year-on-year, equivalent to approximately 403 million US dollars. Exports to China were 791,000 euros, down 32.8% year-on-year, ranking 32nd among Kosovo's export markets, and accounting for 0.1% of total exports. Imports from China were 410 million euros, a 31.1% increase year-on-year, making China the third-largest source of imports, accounting for 10.1% of total imports. Kosovo's trade deficit with China was 409 million euros, up 31.4% year-on-year, equivalent to about 401 million US dollars.
Kosovo, being landlocked, relies on the port of Durres in Albania for sea transportation. Goods are cleared by local agents and transported to Kosovo by land. Albania imposes a 10% tariff on imported agricultural products, along with seasonal taxes, and a 2% tariff on transportation vehicles and machinery.
Blooming Serbia Kosovo customs data provides detailed information on importers, exporters, commodities, freight, sales, volumes, and pricing in both US dollars and local currency. This information helps in analyzing Kosovo's import and export situation for informed business decisions.
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