North Macedonia Trade Deficit Widens in December

2025-02-06 11:25 By Czyrill Jean 1 min. read

North Macedonia’s trade deficit widened to $388 million in December 2024 from $329 million in the corresponding month of the previous year.

Exports shrank 17.5% year-on-year to $592.5 million, while imports declined at a much softer pace of 6.3% to $980.9 million.

Considering the whole period of 2024, exports decreased 6.4% compared to the same period a year earlier to $8,425.3 million, weighed down by lower sales of mineral fuels, lubricants and related materials (-21.2%) and chemicals and related products, n.e.s.

(-20.1%).

Meanwhile, imports declined at a slower 0.7% to $11,969.6 million, primarily due to reduced purchases of crude materials, inedible, except fuels (-11.%), mineral fuels, lubricants and related materials (-10.2%), and chemicals and related products, n.e.s.

(-4.1%).

However, purchases accelerated for beverages and tobacco (16.4%), animal and vegetable oils, fats and waxes (11.7%), and machinery and transport equipment (8.5%).



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