Exports from Macedonia increased 5.8 percent year-on-year to USD 601.0 million in February 2019. Considering the first two months of the year, sales fell 1 percent to USD 1,075 million mainly driven by chemicals & related products (-10.3 percent); miscellaneous goods & services (-12.5 percent); crude materials inedible except fuels (-6.1 percent) and beverages & tobacco (-19.6 percent). Among major trading partners, exports dropped to Germany (-6.7 percent), Greece (-26.2 percent) and Serbia (-12.4 percent). Exports in Macedonia averaged 311999.75 USD Thousands from 1994 until 2019, reaching an all time high of 688005 USD Thousands in October of 2018 and a record low of 78768 USD Thousands in January of 2003.
Exports in Macedonia is expected to be 574000.00 USD Thousands by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Macedonia to stand at 537000.00 in 12 months time. In the long-term, the Macedonia Exports is projected to trend around 579000.00 USD Thousands in 2020, according to our econometric models.