Exports drop 9.9 percent in 11 months

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The total value of exported goods from North Macedonia in the period January-November 2020 amounted US$ 5,97 billion, a 9.9% decrease compared to the same period last year, while the value of imported goods in the same period was US$ 7,74 billion, or 9.7% less that the same period last year, the State Statistical Office said on Friday.

The trade deficit in the period January-November 2020 was US$ 1,77 billion, while import coverage by export in the period January-November 2020 was 76.9%.

The external trade by products shows that in the exports the most significant products are supported catalysts with precious metal or precious metal compounds as the active substance, ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, parts of the seats of subgroup 821.1 and ferronickel.

In the imports, the most significant products are the platinum and platinum alloys, unwrought or in powder form, petroleum oils and oils obtained from bituminous minerals (other than crude), flat-rolled products of iron or non-alloy steel, not clad, plated or coated and other metals of the platinum group and alloys thereof, unwrought or in powder form.

In the period January-November 2020, according to the total external trade volume, the most important trade partners of the Republic of North Macedonia were Germany, Great Britain, Serbia, China and Greece.

 

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