North Macedonia Balance of Trade

North Macedonia's trade deficit widened notably to $373 million in July 2025, from $332.8 million in the same month of the previous year. This marked the largest trade gap since December 2024, as exports grew by 12.6% year-on-year to $779.4 million, while imports rose at a slightly slower pace of 12.3% to $1,152.3 million. For the January–July period, the country's trade deficit reached $2,152.4 million. Exports increased by 5.4% compared to the same period a year earlier, totaling $5,206.8 million, primarily driven by higher sales of beverages and tobacco (34.4%), animal and vegetable oils, fats and waxes (32.4%), and raw materials excluding fuel (10.2%). Meanwhile, imports rose by 4.8% to $7,359.3 million, mainly due to increased purchases of animal and vegetable oils, fats and waxes (24.3%), beverages and tobacco (13.9%), and food and live animals (8.3%).

North Macedonia’s trade deficit widened to $329 million in June 2025, from $230 million in the same month of the previous year. This marked the highest monthly trade shortfall since February, with exports increasing by 8.7% year-on-year to $801.5 million, while imports climbing 16.8% to $1,129.3 million. For the January to June period, the country’s trade deficit totaled $1,777.8 million. Exports rose by 4.2% compared to the same period a year earlier, amounting to $ 4,427.5 million, primarily driven by higher sales of beverages and tobacco (50.8%), animal and vegetable oils, fats and waxes (30.6%), machinery and transport devices (15.8%), and raw materials (other than food) other than fuel (14.5%). Meanwhile, imports advanced by 3.5% to $6,205.3 million, mainly due to increased purchases of animal and vegetable oils, fats and waxes (31.5%), beverages and tobacco (14.4%), and mineral fuels, lubricants and related products (6.1%).

North Macedonia's trade deficit narrowed to $250 million in May 2025, from $309 million in the same month of the previous year. Exports surged by 28.7% year-on-year to $841 million, while imports climbed at a slower rate of 13.3% to $1,091 million. For the January to May period, the country’s trade deficit totaled $1,448 million. Exports increased by 3.3% compared to the same period a year earlier, amounting to $3,627 million, driven by higher sales of beverages and tobacco (56.8%), animal and vegetable oils, fats and waxes (31%), and machinery and transport (15.6%). Meanwhile, imports rose by 0.95% to $5,075 million, mainly due to higher purchases of animal and vegetable oils, fats and waxes (27.7%), beverages and tobacco (14.4%), and mineral fuels, lubricants and related products (7.1%).