Macedonia’s exports rose by 25.8% on the year to $3.447 billion through October, while imports rose by 44% to $5.931 billion, the statistics office said in a statement.
Macedonia’s trade balance (in millions of U.S. dollars):
Jan-Oct'08 | Jan-Sept'08 | Jan-Oct'07 | |
Exports | 3,447 | 3,140 | 2,740 |
Imports | 5,931 | 5,366 | 4,112 |
Balance | -2,484 | -2,226 | -1,372 |
Macedonia's trade exchange by countries, structure:
Export in mln U.S dollars | Import in mln U.S. dollars | |||
Serbia | 799.3 | 23.2% | 453.3 | 7.6% |
Germany | 483.5 | 14.0% | 533.6 | 9.0% |
Greece | 487.2 | 14.1% | 439.0 | 7.4% |
Bulgaria | 334.4 | 9.7% | 282.6 | 4.8% |
Italy | 264.9 | 7.7% | 318.3 | 5.4% |
Croatia | 195.4 | 5.7% | 115.4 | 1.9% |
Russia | 24.3 | 0.7% | 873.9 | 14.7% |
The country of more than two million people exports mainly ferro-nickel, iron and steel products, lubricants and clothes. It imports mainly crude oil, electricity, and motor vehicles.
Macedonia's biggest foreign markets are European Union member states (59.8%) and the western Balkans (35%), while most imports originate in the EU (47.4%) and developing countries (31.8%). Macedonia’s most important trade partners through October were Serbia, Germany, Greece, Russia and Bulgaria with a combined share of 50.2% of all trade.
(1 euro= $1.2835)