The trade deficit in Macedonia rose to USD 208.7 million in October of 2018 from USD 118.2 million in the same month of the previous year. Exports surged 24.8% to USD 688 million and imports jumped 22.4% to USD 896.7 million. Considering the January to September period, the trade gap widened to USD 1,755.7 million from USD 1,585.8 million in the same period of 2017. Shipments surged 23% to USD 5,734.9 million, boosted by higher sales of machinery & transport equipment (+32.9%); chemicals & related products (+21.8%) and miscellaneous manufactured article (+11.9%). Among major trading partners, exports advanced to Germany (+21.6%); Bulgaria (+12.3%) and Belgium (30%). Meanwhile, imports increased 19.9% to USD 7,490.6 million, mainly due to higher purchases of manufactured goods (+18.8%); machinery & transport equipment (+24.5%) and chemicals & related products (+22%). Imports went up faster from Germany (+18.6%); the UK (+17.8%) and Greece (+30.1%). Balance of Trade in Macedonia averaged -163094.91 USD Thousands from 1994 until 2018, 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 -169000.00 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 -119943.00 in 12 months time. In the long-term, the Macedonia Balance of Trade is projected to trend around -160000.00 USD Thousands in 2020, according to our econometric models.

Macedonia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-04 10:00 AM Balance of Trade $-186.1M $-185.8M $ -190M
2018-10-04 10:15 AM Balance of Trade $-167.3M $-187.1M $ -198M
2018-11-05 01:55 PM Balance of Trade $-88.8M $-167.7M $ -118M
2018-12-05 01:00 PM Balance of Trade $-208.7M $-89.2M $ -175M
2019-01-04 11:30 AM Balance of Trade $-208.7M
2019-02-05 11:30 AM Balance of Trade $ -169M
2019-03-05 12:10 PM Balance of Trade


Macedonia Trade Last Previous Highest Lowest Unit
Balance of Trade -208683.00 -89242.00 -54372.00 -310800.00 USD Thousands [+]
Exports 688005.00 618129.00 688005.00 78768.00 USD Thousands [+]
Imports 896688.00 707371.00 896688.00 152532.00 USD Thousands [+]
Current Account 80.50 71.40 107.80 -243.60 USD Million [+]
Current Account to GDP -1.30 -2.70 -0.40 -12.70 percent [+]
Capital Flows 79.50 72.40 133.60 -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 1087.00 2117.00 2117.00 210.00 Hundreds [+]
Terrorism Index 1.19 1.86 4.50 1.19 [+]
External Debt 8432.89 8268.41 8432.89 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-208683.00 -89242.00 -54372.00 -310800.00 1994 - 2018 USD Thousands Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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