Foreign exchange of goods, January – August 2023

According to the previous data of the State Statistics Office, the total value of the export of goods from the Republic of North Macedonia, in the period January – August 2023, amounts to 338 924 990 thousand denars and shows an increase of 1.9% compared to the same period of the previous year. The value of imported goods, in the period January – August 2023, is 449 566 915 thousand denars, which is 7.6% less compared to the same period of the previous year.

The trade deficit, in the period January – August 2023, amounts to 110 641 925 thousand denars.

The coverage of imports with exports, in the period January – August 2023, is 75.4%.

Commodity exchange expressed in US dollars

In the period January – August 2023, the Republic of Macedonia has achieved total trade with R. Turkey in the value of 539 095 thousand US dollars, which is 12.4% decreased compared to the same period in 2022. Of that, export to Turkey amounts to 132,912 thousand US dollars, which represents a decrease of 5.6% compared to the same period in 2022. Imports decreased by 14.2% and amounted to 460,183 thousand US dollars. R. Turkey is the seventh trade partner of RNM, followed by Germany, Great Britain, Greece, Serbia, China, Bulgaria, and Turkey.

(State Institute for Statistics of RNM, 06.10.2023).

Trade by product shows that the largest share of exports is catalysts on carriers with precious metals or their compounds, sets of ignition wires and the like, for vehicles, aircraft or ships, electricity and flat products of iron or non-alloy steel, not platinum-plated or uncoated. Petroleum oils and oils obtained from bituminous minerals (except crude), other platinum group metals and their alloys, unprocessed or in powder form, platinum and platinum alloys, unprocessed or in powder, and precious metals in colloidal state are mostly represented in the imports. ; compounds, organic or inorganic, of precious metals, whether or not chemically defined; amalgams of precious metals.

In the period January – August 2023, according to the total volume of foreign trade, the Republic of North Macedonia traded mostly with Germany, Great Britain, Greece, Serbia, China, Bulgaria, and Turkey.