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North Macedonia's Jan-Oct trade gap widens

North Macedonia's Jan-Oct trade gap widens Source: Pixabay

SKOPJE (North Macedonia), December 5 (SeeNews) – North Macedonia's trade deficit rose to 96.1 billion denars ($1.72 billion/1.55 billion euro) in the ten months through October, from 90.4 billion denars in the like period of 2018, the statistical office said on Thursday.

Exports increased by 10.8% on the year to 329.4 billion denars in the January-October period, while imports grew 9.8% to 425.6 billion denars, Makstat said in a statement.

Imports were 77.4% covered by exports in the period under review.

North Macedonia's exports mainly consisted of supported catalysts containing precious metals or precious metal compounds as an active substance, ignition wiring sets and other wiring sets used in motor vehicles, aircraft or ships.

The country predominantly imported platinum alloys and oil.

North Macedonia's main trading partners in the January-October period of 2019 were Germany, the UK, Greece, Serbia and Bulgaria.

(1 euro = 61.05 denars)