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North Macedonia's Jan-Sept trade gap widens

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

SKOPJE (North Macedonia), November 5 (SeeNews) – North Macedonia's trade deficit rose to 83.8 billion denars ($1.5 billion/1.4 billion euro) in the nine months through September, from 79.3 billion denars in the like period of 2018, the statistical office said on Tuesday.

Exports increased by 13.2% on the year to 294.5 billion denars in the January-September period, while imports grew 11.4% to 378.3 billion denars, Makstat said in a statement.

Imports were 77.9% 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-September period of 2019 were Germany, the UK, Greece, Serbia and Italy.

(1 euro = 61.05 denars)

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