Macedonia's exports down by 17.2% y/y in January 2012.

By bne IntelliNews March 6, 2012
Macedonias exports dropped by 17.2% y/y to USD 247.2mn in January, following the 23% annual increase, registered in December, the statistics office reported. The countrys imports decreased by 27.1% on the year to USD 417.6mn in January, reversing positive y/y growth of 3.6% in the previous month. As a result, the trade deficit narrowed by 37.9% y/y to USD 170.4mn. Exports to EU-27 countries (Macedonias most important trade partner) decreased by 20.9% y/y to USD 150.5mn in January, and imports from the Union shrank by 34.9% on the year to USD 234.6mn. In January, top export products included supported catalysts with precious metal, or precious metal compounds as the active substance, ferronickel, iron and steel products (flat-rolled products), clothes, and petroleum oil preparations. The main imported goods included platinum and platinum alloys, crude petroleum oil, passenger motor vehicles and electricity. Macedonia's top export partners were Germany (accounting for32.4% of January exports), Kosovo (8.7%), China (6.6%) and Bulgaria (6.6%). The most important countries in terms of origin of imports were the UK (11.9%), Germany (10%) and Russia (9.1%).

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