Country intelligence · MKD · 2024

The former Yugoslav Republic of Macedonia trade profile

In 2024, The former Yugoslav Republic of Macedonia recorded $8.8B in merchandise exports and $11.2B in imports, producing a $2.4B trade deficit. Exports changed -5.6% from the previous year, while imports changed -1.9%.[1]

Exports

$8.8B

-5.6%

Imports

$11.2B

-1.9%

Trade balance

-$2.4B

deficit

Active partners

270

36 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$8.8B$11.2B-$2.4B-5.6%
2023$9.4B$11.4B-$2.0B+2.0%
2022$9.2B$12.3B-$3.1B+8.3%
2021$8.5B$10.9B-$2.5B+22.4%
2020$6.9B$8.1B-$1.2B-6.3%
2019$7.4B$8.7B-$1.3B+2.3%
2018$7.2B$8.3B-$1.1B+19.4%
2017$6.1B$7.1B-$1.1B+14.4%
2016$5.3B$6.4B-$1.1B+10.2%
2015$4.8B$6.1B-$1.3B-4.8%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 38 · HS chapter

71 active HS6 lines · 48 export partners

$2.1B
2

HS 85 · Electrical machinery

257 active HS6 lines · 126 export partners

$1.8B
3

HS 84 · Machinery

515 active HS6 lines · 100 export partners

$542.1M
4

HS 94 · HS chapter

42 active HS6 lines · 90 export partners

$491.3M
5

HS 72 · HS chapter

147 active HS6 lines · 45 export partners

$439.9M
6

HS 87 · Vehicles

87 active HS6 lines · 98 export partners

$330.5M
7

HS 62 · HS chapter

112 active HS6 lines · 95 export partners

$324.0M
8

HS 27 · Mineral fuels and oils

36 active HS6 lines · 47 export partners

$312.4M

Leading export markets

Destinations rank bilateral export flows from The former Yugoslav Republic of Macedonia; growth describes each corridor rather than the whole economy.

1

Germany

Annual change -14.0% · 3-year CAGR -4.5%

$3.3B
2

Serbia

Annual change +3.8% · 3-year CAGR 10.4%

$624.3M
3

Bulgaria

Annual change +2.7% · 3-year CAGR 5.7%

$492.5M
4

Czechia

Annual change +6.2% · 3-year CAGR 17.3%

$417.0M
5

Greece

Annual change -17.9% · 3-year CAGR 7.2%

$355.7M
6

Hungary

Annual change +6.3% · 3-year CAGR 3.3%

$306.4M
7

Poland

Annual change -12.4% · 3-year CAGR 10.6%

$212.0M
8

Slovakia

Annual change +0.8% · 3-year CAGR 13.5%

$201.2M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.