Macedonia Balance of Trade

Last Release

Sep 30, 2024

Actual

-213,700

Units In

USD Thousands

-250,410

Frequency

Monthly

Next Release

Dec 06, 2024

Time to Release

30 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
-54,372 Sep 2006	-437,514 Apr 2022	-183,107.25 USD Thousands	1994-2024	State Statistical Office of the Republic of Macedonia

Macedonia exports mostly supported catalysts with precious metal or precious metal compounds as the active substance, ferro-nickel, iron and steel products (flat-rolled products), clothes, and petroleum oil preparations. Macedonia imports crude oil, platinum and platinum alloys, motor vehicles and electricity. Macedonia's most important trading partners are Germany, Serbia, Bulgaria, Russia and Greece (44.0% of the total international commodity trade).

Latest Updates

North Macedonia’s trade deficit shrank to $213.7 million in September 2024 from $224.9 million in the respective month of the previous year, marking the lowest deficit since February 2023, as exports fell 5.6% to $745 million and imports fell 5.4% to $959 million. During the period January-September 2024, exports fell 5.7% year-on-year to $6.37 billion, driven by lower sales of mineral fuels & lubricants (-24.9%), chemical products (-19%) and manufactured goods (-4.5%). Meanwhile, imports fell 0.2% to 8.92 billion, led by less purchases of crude materials exc. fuels (-14.4%) and mineral fuels & lubricants (-13.5%).