Macedonia recorded a trade deficit of 228225 USD Thousands in July of 2020.

Balance of Trade in Macedonia averaged -165030.40 USD Thousands from 1994 until 2020, reaching an all time high of -54372 USD Thousands in September of 2006 and a record low of -320202 USD Thousands in December of 2019. This page provides the latest reported value for - Macedonia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macedonia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

Balance of Trade in Macedonia is expected to be -185000.00 USD Thousands by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Macedonia to stand at -221000.00 in 12 months time. In the long-term, the Macedonia Balance of Trade is projected to trend around -222000.00 USD Thousands in 2021, according to our econometric models.

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Macedonia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-228225.00 -118908.00 -54372.00 -320202.00 1994 - 2020 USD Thousands Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-06-08 10:00 AM Apr $-176M $-196M $ -150M
2020-07-07 10:00 AM May $-126M $-177M $-150M
2020-08-06 10:00 AM Jun $-118.5M $-126M $ -185M
2020-09-07 10:00 AM Jul $-228.2M $-118.9M $-225M
2020-10-06 10:00 AM Aug $-228.2M
2020-11-06 11:00 AM Sep $ -185M
2020-12-07 11:00 AM Oct

Macedonia Balance of Trade
Macedonia exports mostly supported catalysts with precious metal or precious metal compounds as the active substance, ferro-nickel, iron and steel products (flat-rolled products), clothes, and petroleum oil preparations. Macedonia imports crude oil, platinum and platinum alloys, motor vehicles and electricity. Macedonia's most important trading partners are Germany, Serbia, Bulgaria, Russia and Greece (44.0% of the total international commodity trade).