Exports from Macedonia surged 24.8% from a year ealier to USD 688 million in October 2018. 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%). Exports in Macedonia averaged 308873.37 USD Thousands from 1994 until 2018, reaching an all time high of 688005 USD Thousands in October of 2018 and a record low of 78768 USD Thousands in January of 2003.
Exports in Macedonia is expected to be 528000.00 USD Thousands by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Macedonia to stand at 596092.44 in 12 months time. In the long-term, the Macedonia Exports is projected to trend around 571000.00 USD Thousands in 2020, according to our econometric models.