According to the preliminary data of the State Statistical Office, the total value of exported goods from the Republic of North Macedonia in the period January-March 2023 amounted to 131 114 426 thousand denars, a 9.6% increase compared to the same period last year. The value of imported goods in the same period was 170 120 943 thousand denars, or 2.9% less than the same period last year.
The trade deficit in the period January-March 2023 was 39 006 517 thousand denars.
Import coverage by export in the period January-March 2023 was 77.1%.
The external trade by products shows that in the exports the most significant products are supported catalysts with precious metal or precious metal compounds as the active substance, ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, the electricity and flat-rolled products of iron or non-alloy steel, not clad, plated or coated. In the imports, the most significant products are petroleum oils and oils obtained from bituminous minerals (other than crude), other metals of the platinum group and alloys thereof, unwrought or in powder form, platinum and platinum alloys, unwrought or in powder form and colloidal precious metals; compounds, inorganic or organic, of precious metals, whether or not chemically defined; amalgams of precious metals.
In the period January-March 2023, according to the total external trade volume, the most important trade partners of the Republic of North Macedonia were Germany, Great Britain, Greece, Serbia and Bulgaria.
External trade expressed in euros and US dollars
Expressed in euros, the total value of exported goods from the Republic of North Macedonia in the period January-March 2023 amounted to 2 125 736 thousand euros, a 9.6% increase compared to the same period last year, while the value of imported goods in the same period was 2 758 274 thousand euros, or 2.8% less than the same period last year. The trade deficit in the period January-March 2023 was 632 537 thousand euros.
The total value of exported goods from the Republic of North Macedonia in the period January-March 2023 amounted to 2 281 756 thousand US dollars, a 4.9% increase compared to the same period last year, while the value of imported goods in the same period was 2 960 700 thousand US dollars, or 7.1% less than the same period last year. The trade deficit in the period January-March 2023 was 678 944 thousand US dollars.