Macedonias foreign trade deficit widens 14.3% y/y in April 2012.

By bne IntelliNews June 5, 2012
Macedonias foreign trade deficit increased by 14.3% on the year to USD 270.4mn in April, according to data of the statistics office. In April, exports plummeted by 28.4% y/y to USD 288.3mn, while imports dropped by 12.6% y/y to USD 558.7mn. The foreign trade deficit narrowed by 5.9% on the year to USD 859.8mn in Jan-Apr. The gap corresponds to 8% of projected full-year GDP. In Jan-Apr, exports decreased by 11.2% y/y to USD 1.23bn, while imports have contracted by 9.1% y/y to USD 2.09bn. EU-27 countries accounted for 63.6% of Macedonias exports and 56.2% of the imports in the first four months of this year. Exports to the Union have dropped by 10.9% y/y to USD 779.5mn, while imports have declined by 3.7% y/y to USD 1.17bn. In Jan-Apr, Macedonia exported mainly supported catalysts with precious metal, or precious metal compounds as the active substance, ferronickel, petroleum oil preparations, iron and steel products (flat-rolled products) and clothes. The main imported goods included platinum and platinum alloys, crude petroleum oil, natural gas and electricity. Macedonia's main export partners were Germany (accounting for 30.7% of Jan-Apr exports), Kosovo (10.5%) and Italy (7%). The most important countries in terms of origin of imports were Greece (10.1%), the UK (9.8%) and Germany (9.4%).
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss