Trade Trend

In 2023, The Republic of North Macedonia's total export value is 9.00Billion USD, total import value is 12.05Billion USD, Deficit is -3.05Billion USD, and foreign trade dependency is 1.426. In 2023，The Republic of North Macedonia's top export products are Reaction initiators, reaction accelerators and catalytic preparations n.e.c. or included(2.58Billion USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(691.84Million USD), Seats (not those of heading no. 9402), whether or not convertible into beds and parts thereof(354.47Million USD), top export destinations are Germany(3.96Billion USD), Kosovo(436.04Million USD), Serbia(433.40Million USD). In 2023, The Republic of North Macedonia's top import products are Platinum; unwrought or in semimanufactured forms, or in powder form(1.20Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(912.40Million USD), Ceramic ware for laboratory, chemical, other technical uses; ceramic troughs, tubs, similar receptacles used in agriculture; ceramic pots, jars and similar used in the conveyance or packing of goods(413.75Million USD), top import origins are United Kingdom(1.51Billion USD), Germany(1.25Billion USD), Greece(1.13Billion USD).

Comparing to 2022, The Republic of North Macedonia's total export value increased 271.35Million USD(3.11%) in 2023, this could result from its export increases of products such as Vehicles; public transport passenger type(125.90Million USD or 97.56%), Seats (not those of heading no. 9402), whether or not convertible into beds and parts thereof(88.63Million USD or 33.34%), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(59.22Million USD or 9.36%) and export increases to countries/economics such as Belgium(183.58Million USD or 130.04%), Czech Republic(82.46Million USD or 57.45%), Hungary(59.41Million USD or 22.09%). Comparing to 2022, The Republic of North Macedonia's total import value decreased -699.92Million USD(-5.49%) in 2023, this could result from its import decreases of products such as Electrical energy(-385.28Million USD or -62.47%), Colloidal precious metals; inorganic or organic compounds of precious metals, whether or not chemically defined; amalgams of precious metals(-253.28Million USD or -49.37%), Platinum; unwrought or in semimanufactured forms, or in powder form(-230.32Million USD or -16.06%), and its import decreases from countries/economies such as United Kingdom(-512.01Million USD or -25.31%), Greece(-301.81Million USD or -21.10%), Russia(-174.55Million USD or -39.64%).

Cumulated to first 7 months of 2024, The Republic of North Macedonia's total export value is 2.90Billion USD, total import value is 3.90Billion USD, and tradedeficit is -999.07Million USD. Cumulated to first 7 months of 2024, The Republic of North Macedonia's top export products are Reaction initiators, reaction accelerators and catalytic preparations n.e.c. or included(743.78Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(315.78Million USD), Seats (not those of heading no. 9402), whether or not convertible into beds and parts thereof(130.38Million USD), and top export destinations are Germany(1.26Billion USD), Bulgaria(156.73Million USD), Hungary(122.53Million USD). Cumulated to first 7 months of 2024, The Republic of North Macedonia's top import products are Reaction initiators, reaction accelerators and catalytic preparations n.e.c. or included(743.78Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(315.78Million USD), Seats (not those of heading no. 9402), whether or not convertible into beds and parts thereof(130.38Million USD), and top import origins areUnited Kingdom(510.03Million USD), Germany(500.55Million USD), Greece(412.18Million USD).