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Mace Don Ian External Trade
Mace Don Ian External Trade
Mace Don Ian External Trade
Introduction
Macedonia is an open trade country, with 95.5% trade
openness In January 2010, the value of exports was 189.95 million dollars, and imports were 319.961 million dollars. The coverage of import by export was 58.4 per cent, and the trade deficit is 133.011 million. Macedonia trades the most with Germany, Russia, Greece, Italy and Serbia.
Year comparison
Exports 2006 2007 2008 2009 2010 1917.5 2477.1 2689.2 1925.2 2493.1 Imports -2988.4 -3853.0 -4679.5 -3615.7 -4115.6 GDP (mil eur) 5055.5 5934.8 6694.8 6720.6 6892.1 Trade openness 97.0 106.7 110.1 82.4 95.9 Trade balance -21.2 -23.2 -29.7 -25.2 -23.5 Coverage of imports with ex. 64.2 64.3 57.5 53.2 60.6
Imported goods
Exported products
realized in the last 20 years of 424 million euro. Largest export in 2010 has seen tobacco with 72 million euros with exports of cigarettes exports takes the fruit by 9.2% or 39 million, the most common are the apples, and table grapes. Wine had total amount of 38.5 million
Conclusion
Movements in the global economy have great impact
on changes in the foreign trade of the Republic of Macedonia. It is obvious that we have more imports than exports. The reason for that is the deficit of the natural resources and the small territory.