FX.co ★ North Macedonia Trade Gap Widens in April

North Macedonia’s trade deficit widened to $439 million in April 2026, up from $311 million in the same month a year earlier. Imports jumped 27% year-on-year to $1,355 million, while exports rose 21.3% to $916 million.

Over the January–April period, imports increased 16% to $4,622 million, largely due to higher purchases of chemical and related products (up 13%), machinery and transport equipment (up 5.9%), and miscellaneous manufactured goods (up 16%). The sharpest rises in imports by country of origin were recorded from Great Britain (91.7%), China (15.2%), and Germany (3.2%).

During the same four-month period, exports grew 16.8% to $3,254 million, supported by stronger shipments of chemical and related products (up 34.9%), manufactured goods classified chiefly by material (up 12.7%), machinery and transport equipment (up 9.7%), and miscellaneous manufactured goods (up 6.9%). Export growth was strongest to Germany (17.5%), Bulgaria (20.1%), and Serbia (17.7%).

As a result, North Macedonia’s trade deficit for the first four months of the year reached $1,368 million.