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Foreign trade, January-February 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 – February 2023, amounts to 82 638 328 thousand denars and shows an increase of 10.1% compared to the same period of the previous year. The value of imported goods, in the period January – February 2023, is 108,765,948 thousand denars, which is 1.6% less compared to the same period of the previous year.

The trade deficit, in the period January – February 2023, amounts to 26 127 621 thousand denars.

The coverage of imports with exports, in the period January – February 2023, is 76.0%.

Commodity exchange expressed in US dollars

In the period January-February 2023, the Republic of North Macedonia has achieved total trade with R. Turkey in the value of 154 382 thousand US dollars which is 8.0 % increased compared to the same period in 2022. Of that, export to Turkey amounts to 44,061 thousand US dollars, which represents an increase of 27.4% compared to the same period in 2022. Imports increased by 1.7% and amounted to 110,322 thousand US dollars. R. Turkey is the sixth trading partner of RNM, followed by Germany, Great Britain, Greece, Serbia, China and Turkey. (State Statistics Office of RNM, 04/07/2023).

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, 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 – February 2023, 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 – February 2023, amounts to 1 441 998 thousand US dollars and records an increase of 4.6% compared to the same period of the previous year. The value of imported goods, in the same period, is 1,898,200 thousand US dollars, which is 6.5% less compared to the same period of the previous year. The trade deficit, in the period January – February 2023, amounts to 456,203 thousand US dollars.

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