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Theme: Foreign Trade


External trade, January - December 2020

08.02.2021


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 2020 amounted to 356 351 499 thousand denars, an 9.8% decrease compared to the same period last year. The value of imported goods in the same period was   468 387 426 thousand denars, or 9.7 % less than the same period last year.

The trade deficit in the period January-December 2020 was 112 035 926 thousand denars.

Import coverage by export in the period January-December 2020 was 76.1%.

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-December 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.

Expressed in euros, the total value of exported goods from the Republic of North Macedonia in the period January-December 2020 amounted to 5 777 905 thousand euros, an 10.0 % decrease compared to the same period last year, while the value of imported goods in the same period was 7 594 537 thousand euros, or 10.0 % less than the same period last year. The trade deficit in the period JanuaryDecember 2020 was 1 816 632 thousand euros.

The total value of exported goods from the Republic of North Macedonia in the period January-December 2020 amounted to 6 633 216 thousand US dollars, a 7.7% decrease compared to the same period last year, while the value of imported goods in the same period was 8 709 485 thousand US dollars, or 7.7% less than the same period last year. The trade deficit in the period January-December 2020 was 2 075 269 thousand US dollars.






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