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Macedonian trade deficit stands at 2.1 bln USD in first 11 months of 2014

Xinhua, January 9, 2015 Adjust font size:

In the period from January to November in 2014, Macedonian export stood at 4.5 billion U.S. dollars while imports were at 6.6 billion, which lead to a trade deficit of 2.1 billion, according to the Macedonian state statistic office's report on Thursday.

Macedonian exports were mainly focused on products including precious metal or precious metal compounds, ferro-nickel, ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, iron and steel products, and clothes.

As for imports, products demanded by the Macedonian domestic market were petroleum oils and oils obtained from bituminous minerals, platinum and platinum alloys, electricity, and other metals.

European Union countries remained the largest trade partners for Macedonia as they accounted for 76.9 percent of its export and 63.8 percent of its import during this period.

Germany, Britain, Greece, Serbia and Italy ranked the top five trade partners, according to the volume of international commodity trade. All of these five countries' international commodity trade volumes accounted for 51.9 percent in total. Endit