Macedonia's trade deficit widened to USD 165.4 million in February 2019 from USD 145.0 million in the same month of the previous year. Imports rose 7.5 percent year-on-year to USD 766.4 million and exports increased 5.8 percent to USD 601.0 million. Considering the first two months of the year, the trade gap rose to USD 341.7 million from USD 313.9 million in the same period of 2018, as sales fell 1 percent to USD 1,075 million driven by chemicals & related products (-10.3%); miscellaneous goods & services (-12.5%); crude materials inedible except fuels (-6.1%) and beverages & tobacco (-19.6 %). Among major trading partners, exports dropped to Germany (-6.7%), Greece (-26.2%) and Serbia (-12.4%). Purchases went up 1.3 percent to USD 1,416.7 million, namely chemicals & related products (19.7%); crude materials inedible except fuels (24.6%), beverages & tobacco (18.4%) and mineral fuels & lubricants (15.5%). Imports advanced from Italy (1.9%), Turkey (5.2%) and Poland (23.4%). Balance of Trade in Macedonia averaged -163424.10 USD Thousands from 1994 until 2019, reaching an all time high of -54372 USD Thousands in September of 2006 and a record low of -310800 USD Thousands in October of 2007.

Balance of Trade in Macedonia is expected to be -148000.00 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 -234000.00 in 12 months time. In the long-term, the Macedonia Balance of Trade is projected to trend around -230000.00 USD Thousands in 2020, according to our econometric models.

Macedonia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-04 11:40 AM Balance of Trade $-185.7M $-208.7M $ -190M
2019-02-05 11:00 AM Balance of Trade $-203.2M $-185.4M $ -169M
2019-03-05 12:00 PM Balance of Trade $-176.0M $-203.2M $-163M
2019-04-04 10:00 AM Balance of Trade $-165.4M $-176.3M
2019-05-06 10:00 AM Balance of Trade $-165.4M $-270M
2019-06-05 10:00 AM Balance of Trade $-180M
2019-07-04 10:00 AM Balance of Trade $-130M


Macedonia Trade Last Previous Highest Lowest Unit
Balance of Trade -165378.00 -176299.00 -54372.00 -310800.00 USD Thousands [+]
Current Account -116.00 9.10 107.80 -243.60 USD Million [+]
Current Account to GDP -0.30 -1.00 -0.30 -12.70 percent [+]
Imports 766385.00 650345.00 896688.00 152532.00 USD Thousands [+]
Exports 601007.00 474046.00 688005.00 78768.00 USD Thousands [+]
Capital Flows -105.70 8.40 133.60 -240.20 USD Million [+]
Foreign Direct Investment -31.08 22.79 344.80 -62.66 EUR Million [+]
Gold Reserves 6.90 6.90 6.90 2.76 Tonnes [+]
Tourist Arrivals 437.00 490.00 2117.00 210.00 Hundreds [+]
Terrorism Index 0.65 1.19 4.50 0.65 [+]
External Debt 8399.80 8425.69 8425.69 2080.17 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-165378.00 -176299.00 -54372.00 -310800.00 1994 - 2019 USD Thousands Monthly




Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.47 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -4483276.00 Jan/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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