Foreign trade, January – September 2022
According to the previous data of the State Statistical Institute, the total value of goods exports from the Republic of North Macedonia between January and September 2022 was 379 441 735 thousand denars, an increase of 20.1% compared to the same period of the previous year. The value of the imported goods in the January – September 2022 period is 554 574 596 thousand denars, an increase of 29.1% compared to the same period of the previous year.
Between January and September 2022, the trade deficit amounted to 175 132 861 thousand denars.
In the period of January – September 2022, the import coverage in exports was 68.4 %.
Commodity exchange in US dollars
January-September 2022, Republic of North Macedonia – Total Foreign Trade with the Republic of Turkey
760 491 thousand USD, an increase of 39.9% compared to the same period of 2021. Exports to the Republic of Turkey increased by 49.5% compared to the same period of the previous year and reached 157 830 thousand US dollars. The total value of its imports is 602 661 thousand US dollars, showing an increase of 37.6%. Germany, England, Greece, Serbia, Bulgaria, China, and Turkey. Turkey continues to be the 6th trading partner of the Republic of North Macedonia (RNM State Statistical Institute 07.11.2022).
Trade in products shows that the largest share of exports is catalysts for precious metals or their compounds, sets of ignition conductors and the like, vehicles, aircraft or ships, seat parts of subgroup 821.1, and carriers containing ferronickel. The most imported are platinum and platinum alloys, unprocessed or in powder form, petroleum oils and oils obtained from bituminous minerals (other than crude), flat iron or alloy steel products, non-platinum or uncoated and other platinum group metals (in crude or powder form) and their are alloys.
The Republic of North Macedonia, Germany, England, Greece, Serbia and Bulgaria were the most traded in terms of total foreign trade volume in the January-September 2022 period.
The total export value of goods of the Republic of North Macedonia in the January-September 2022 period was 6,550 518 thousand USD, showing an increase of 6.8% compared to the same period of the previous year. In the same period, the value of imported goods increased by 14.7% compared to the same period of the previous year and reached 9 576 173 thousand US dollars. The trade deficit in the January-September 2022 period reached US$ 3 025 655 thousand.