Foreign trade, January – November 2022
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 – November 2022, amounts to 471 373 069 thousand denars and shows an increase of 20.8% compared to the same period of the previous year. The value of imported goods, in the period January – November 2022, is 684 609 418 thousand denars, which is 27.8% more compared to the same period of the previous year.
The trade deficit, in the period January – November 2022, amounts to 213 236 349 thousand denars.
The coverage of imports with exports, in the period January – November 2022, is 68.9%.
Commodity exchange expressed in US dollars
In the period January – November 2022, the Republic of North Macedonia has achieved total trade with R. Turkey in the value of 945 683 thousand US dollars, which is 35.8% increased compared to the same period in 2021. Of that, export to Turkey amounts to 204,137 thousand US dollars, which represents an increase of 50.1% compared to the same period in 2021. Imports increased by 32.3% and amounted to 741,547 thousand US dollars. R. Turkey is the seventh trade partner of RNM, followed by Germany, Great Britain, Greece, Serbia, Bulgaria, China and Turkey. (State Statistics Office of RNM, 09.01.2023).
Trade by product shows that the largest share of exports is catalysts on carriers with precious metals or their compounds, sets of ignition wires, etc., for vehicles, aircraft or ships, parts of seats of subgroup 821.1 and other catalysts on carriers. Petroleum oils and oils obtained from bituminous minerals (except crude), other metals from the platinum group and their alloys, unprocessed or in powder form, electricity and precious metals in colloidal state are the most represented in the imports; compounds, organic or inorganic, of precious metals, whether or not chemically defined; amalgams of precious metals.
In the period January – November 2022, according to the total volume of foreign trade, the Republic of North Macedonia traded mostly with Germany, Great Britain, Greece, Serbia, Bulgaria, China and Turkey.
The total value of the export of goods from the Republic of North Macedonia, in the period January – November 2022, amounts to 8 041 480 thousand US dollars and shows an increase of 7.0% compared to the same period of the previous year. The value of imported goods, in the same period, is 11,683,240 thousand US dollars, which is 13.2% more compared to the same period of the previous year.
The trade deficit, in the period January – November 2022, amounts to 3 641 760 thousand US dollars.