(RTTNews) - Macedonia's exports climbed 32.4% year-on-year in November, the State Statistical Office said Tuesday.
At the same time, import recorded only a marginal 2.2% rise from a year earlier. For exports, there was a 4% increase on a monthly basis, while imports edged up 0.1%.
During the first eleven months of the year, exports expanded 22.6% compared to the same period in 2009. Meanwhile, imports recorded a 6.2% rise. The trade deficit for the period was US$1.85 billion.
The most exported commodities during the eleven-month period were iron and steel products, clothes and ferro-nickel and petroleum oil preparations. Macedonia's major imports were crude petroleum oils, motor vehicles for transport of persons and electricity, the statistical office reported.
Lion's share of the country's export trade was held by the European Union member countries and the West Balkan states.
An IMF mission to the country had forecast 3% to 3.5% expansion for the economy this year supported by robust recovery in the country's major trading partners.
At the same time, import recorded only a marginal 2.2% rise from a year earlier. For exports, there was a 4% increase on a monthly basis, while imports edged up 0.1%.
During the first eleven months of the year, exports expanded 22.6% compared to the same period in 2009. Meanwhile, imports recorded a 6.2% rise. The trade deficit for the period was US$1.85 billion.
The most exported commodities during the eleven-month period were iron and steel products, clothes and ferro-nickel and petroleum oil preparations. Macedonia's major imports were crude petroleum oils, motor vehicles for transport of persons and electricity, the statistical office reported.
Lion's share of the country's export trade was held by the European Union member countries and the West Balkan states.
An IMF mission to the country had forecast 3% to 3.5% expansion for the economy this year supported by robust recovery in the country's major trading partners.
A strong argument for non EU entry. All the benefits of dealing with its geographically close trading partners in Europe without the burdens of EU membership.
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