Exports grows, trade deficit decreases

Until December last year, Macedonia exported goods worth U.S. $ 3,863 billion, and imported to 5.981 billion. Import coverage by export was 64.6 percent, and the trade deficit was 2,118 billion.




The total value of exports from the Republic of Macedonia in the period January-November 2012 amounted to 3,645,344 thousand U.S. dollars (USD), and in January- November 2013 amounted to 3,863,059 thousand U.S. dollars. Compared to January-November 2012, January-November 2013, exports are increased by 217 715 thousand U.S. dollars.

According to the State Statistical Office, catalysts with precious metals or their compounds, ferro-nickel, iron and steel (rolled products), clothes and petroleum products have the biggest share in exports.

The total value of imports of goods in Macedonia in the period January-November 2012 amounted to 5,898,962 thousand U.S. dollars, and from January to November 2013 is 5,981,590 thousand U.S. dollars. Compared to periods from January to November in 2012 and 2013, imports are increased by 82 628 thousand U.S. dollars.

Petroleum oils and oils obtained from bituminous minerals (other than crude), platinum and platinum alloys, unwrought or in powder, electricity and other motor vehicles for transport of persons, have the biggest share in imports.

Most of the goods, 72.6 percent, are exported to Member States of the European Union, followed by the Western Balkans with 17.9 percent. EU Member states are most common in imports as well, with 62.4 percent of total imported goods.

The trade deficit in January-November 2012 amounted to 2,253,619 thousand U.S. dollars in the same period in 2013 amounted to 2,118,531 thousand U.S. dollars. The trade deficit between January to November 2012 and 2013 is declined by 135 088 thousand U.S. dollars.

The coverage of imports with exports in January- November 2012 amounted to 61.8 % and in January- November 2013 amounted to 64.6 %. The coverage of imports by exports is increased by 2.8 %.

Macedonia has realized 49.9 percent of the total foreign trade with Germany, Greece, Great Britain, Serbia and Italy.

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