FOREIGN TRADE

According to the preliminary data of the State Statistical Office, the total value of exported goods from the Republic of North Macedonia in the period January-December 2018 amounted to 5 860 827 thousand euros, a 17.0% increase compared to the same period last year, while the value of imported goods in the same period was 7 671 946 thousand euros, or 12.4% more than the same period last year. The trade deficit in the period January - December 2018 was 1 811 119 thousand euros. Import coverage by export in the period January - December 2018 was 76.4%.

The external trade by products shows that in the exports the most significant products are supported catalysts with precious metal or precious metal compounds as the active substance, ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, parts of the seats of subgroup 821.1 and motor vehicles for the transport of 10 or more persons, including the driver, with compression ignition internal combustion engine (diesel or semi-diesel). In the imports, the most significant products are the platinum and platinum alloys, unwrought or in powder form, petroleum oils and oils obtained from bituminous minerals (other than crude), flat-rolled products of iron or non-alloy steel, not clad, plated or coated and other metals of the platinum group and alloys thereof, unwrought or in powder form. In the period January-December 2018, according to the total external trade volume, the most important trade partners of the Republic of North Macedonia were Germany, Greece, Great Britain, Serbia and Bulgaria.

Countries with the highest volume of trade with the Republic of North Macedonia

Nr. Country Volume in 000 euros Export in 000 euros Import in 000 euros
TOTAL 13 532 772 5 860 827 7 671 946
1 Germany 3 645 840 2 756 197 889 643
2 Greece 840 607 190 418 650 189
3 Great Britain 832 153 102 596 729 557
4 Serbia 754 300 235 436 518 864
5 Bulgaria 635 124 305 435 329 689
6 Italy 614 325 184 077 430 248
7 China 499 702 56 082 443 620
8 Turkey 442 352 81 556 360 796
9 Romania 427 566 164 779 262 787
10 Belgium 340 092 219 851 120 241
11 Hungary 317 956 120 989 196 967
12 South Africa 287 014 33 905 253 109
13 Austria 272 409 141 403 131006
14 USA 265 055 57 203 207 852
15 Poland 258 071 56 182 201 888
16 Kosovo 255 387 226 006 29 382
17 Slovenia 221 255 77 700 143 554
18 Netherlands 205 185 85 508 119 678
19 Czech Republic 186 162 66 112 120 051
20 Spain 182 253 98 300 83 953

*Shown are the top 20 countries according to the volume of trade in the period January - December 2018

Source: State Statistical Office, Republic of North Macedonia