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-May 2023 amounted to 219 268 075 thousand denars, a 5.9% increase compared to the same period last year. The value of imported goods in the same period was 283 565 899 thousand denars, or 7.6% less than the same period last year.
The trade deficit in the period January-May 2023 was 64 297 824 thousand denars.
Import coverage by export in the period January-May 2023 was 77.3%.
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-May 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 China.
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-May 2023 amounted to 3 557 689 thousand euros, a 6.0% increase compared to the same period last year, while the value of imported goods in the same period was 4 600 963 thousand euros, or 7.5% less than the same period last year. The trade deficit in the period January-May 2023 was 1 043 274 thousand euros.
The total value of exported goods from the Republic of North Macedonia in the period January-May 2023 amounted to 3 843 601 thousand US dollars, a 4.1% increase compared to the same period last year, while the value of imported goods in the same period was 4 971 655 thousand US dollars, or 9.2% less than the same period last year. The trade deficit in the period January-May 2023 was 1 128 054 thousand US dollars.