Macedonia's Trade Deficit Narrows as Exports Outpace Imports
The figure aligns with recently announced GDP and construction sector growth, though analysts urge cautious interpretation of quarterly trade data.
The latest data from the State Statistical Office shows positive movement in Macedonia's foreign trade — exports are growing faster than imports, and the trade deficit is continuously narrowing.
This trend, if it continues, would mean an improvement in the country's foreign trade balance, directly affecting foreign currency reserves and the stability of the national currency relative to foreign trade partners.
Part of a Broader Economic Picture
The figure comes alongside already-known numbers on 4.3 percent GDP growth and 21.9 percent construction sector growth in the second quarter — a combination suggesting multiple segments of the economy are showing positive trends simultaneously this year.
Analysts nonetheless recommend cautious interpretation of quarterly trade data, since seasonal factors and one-off trade deals can temporarily affect the figures without reflecting a lasting structural change.
MKNews Hub · Economy · September 6, 2026