In First Two Months of 2016, Exports Grow by 7.5 Percent, Imports by 7.4 Percent

Exports from Macedonia grew by 7,5 percent in the first two months of 2016, while imports grew by 7,4 percent, compared to the same period last year.

Exports for January and February 2016 stood at MKD 39 billion (EUR 640 million) while imports were MKD 51,17 billion (EUR 830 million). The State Statistics Bureau estimated that 76,4 percent of imports are covered by exports.

Top trade partners for Macedonia remain Germany, the United Kingdom, Serbia, Greece and Bulgaria. Exports and imports are led by the large Johnson Matthey plant near Skopje, which exports car catalysts and imports platinum used in their production. Exports of catalysts are followed by exports of ferro nickel and steel. Besides platinum, imports are dominated by oil and electricity.

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