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Theme: Foreign Trade


External trade, January - October 2020

07.12.2020


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-October 2020 amounted to 287 004 282  thousand denars, a  12.8% decrease compared to the same period last year. The value of imported goods in the same period was 376 503 623 thousand denars, or 11.5 % less than the same period last year.

The trade deficit in the period January-October 2020 was 89 499 342 thousand denars.

Import coverage by export in the period January-October 2020 was 76.2%.

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 ferronickel. 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-October 2020, according to the total external trade volume, the most important trade partners of the Republic of North Macedonia were Germany, Great Britain, Serbia, China and Greece.

 

External trade expressed in euros and US dollars

Expressed in euros, the total value of exported goods from the Republic of North Macedonia in the period January-October 2020 amounted to 4 653 870 thousand euros, a 13.0% decrease compared to the same period last year, while the value of imported goods in the same period was 6 105 212 thousand euros, or 11.7% less than the same period last year. The trade deficit in the period JanuaryOctober 2020 was 1 451 342 thousand euros.

The total value of exported goods from the Republic of North Macedonia in the period January-October 2020 amounted to 5 285 376 thousand US dollars, a 11.9% decrease compared to the same period last year, while the value of imported goods in the same period was 6 921 008 thousand US dollars, or 10.8% less than the same period last year. The trade deficit in the period January-October 2020 was 1 635 633 thousand US dollars.






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