International Trade in Macedonia

International Trade in Macedonia

Macedonia is the poorest of the former Yugoslavian republics and it was not spared from the global economic crisis. Many companies have closed their doors or have reduced their number of employees, while the country lacks liquid assets. The diaspora has reduced its financial transfers into... Read more

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Import and Export Services in Macedonia (51)

  • Has Kaucuk

    Has Kaucuk

    B2B Marketing, Macedonia

    Being active as from 1995, HAS KAUÇUK A.Ş. continues its activities as leader of the sector with its expert technical staff and...
  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, Macedonia

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...

Business Tips About Macedonia (2)

Agents and Distributors in Macedonia (9)

  • M&A EXPORT

    M&A EXPORT

    Textiles/Apparel Sales and Distribution, Macedonia

      Wholesale company of stock clothes and shoes , offer you more then 30 european brands available , in total look for man and woman...
  • Spanish Food Prodespa, S.L.

    Spanish Food Prodespa, S.L.

    Export Management, Macedonia

    La comida española Prodespa reune, miembro En un canal de solista de ventas, La Más Amplia Gama de Productos con Los...

Overview About International Trade in Macedonia

Main Industry Sectors

Macedonia has, in its majority, an agricultural economy.  The agricultural sector represents 12% of its GDP and employs 20% of its active population. It mainly produces rice, cotton, tobacco and fruits. Sheep and goat breeding is equally important. There are a few deposits of iron, copper and lead in the country.

The industrial sector includes chemical products, steel, machinery and textiles. The textile sector constitutes the main industry of the country, notably the leather industry.  Both, the manufacturing and the mining sectors contribute about 30% to the GDP.

The tertiary sector represents about 60% of the GDP and employs 50% of the active population. The main income sources come from transport, telecommunications and energy production.

 

Economic Overview

Macedonia is the poorest of the former Yugoslavian republics and it was not spared from the global economic crisis. Many companies have closed their doors or have reduced their number of employees, while the country lacks liquid assets. The diaspora has reduced its financial transfers into the country, and the citizens have been withdrawing their savings in Denars (MKD) fearing the devaluation of their natio...

News Related to International Trade in Macedonia

  • NBRM forecasts 2.5% growth of Macedonia’s economy - Aug 02, 2019

    The National Bank of the Republic of Macedonia (NBRM) in its April projection forecasts that Macedonia’s economy in 2017 will grow by 2.5%, followed by a 3.2% acceleration in 2018. NBRM’s expectations remain unchanged over the level of inflation compared with October and expects increase in prices to gain momentum, i.e. a 1.3% inflation in […] The post NBRM forecasts 2.5% growth of Macedonia’s economy appeared first on Macedonian News Agency | Kurir.mk.

    Source: KURIR

  • Doing Business 2018: Macedonia continues to be among top ranked economies - Aug 02, 2019

    Macedonia is ranked 11th in the latest edition of the annual World Bank Group??s ??Doing Business? report, being the best-ranked economy alongside Georgia (9th) and Lithuania (16th) in the region of Europe and Central Asia. The report says that Georgia has implemented the most reforms in the past 15 years, totaling 47, followed by Kazakhstan […] The post Doing Business 2018: Macedonia continues to be among top ranked economies appeared first on Macedonian News Agency | Kurir.mk.

    Source: KURIR

  • Former Yugoslav Republic of Macedonia signs the multilateral Convention on Mutual Administrative Assistance in Tax Matters - Aug 02, 2019

    The Former Yugoslav Republic of Macedonia today signed the multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 124th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion.

    Source: OCDE