Countries / Territories

The former Yugoslav Republic of Macedonia

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Country Brief

The Former Yugoslav Republic of Macedonia (FYROM) is a landlocked nation in South-eastern Europe that shares borders with Albania, Bulgaria, Greece, Kosovo, and Serbia. Its exports are comprised of a variety of commodities and manufactured goods including iron and steel, chemical products, apparel, machinery, electrical equipment and electronics, and tobacco. While the FYROM’s goods are exported to a range of countries, the majority are destined for the European Union, and a large proportion of its goods arrive in a select few markets. An overall trade deficit is driven by the import of energy resources, precious stones and metals, machinery, and electronics. The FYROM joined the WTO in 2003, and it is continuing to pursue economic integration as a candidate country to the European Union. Despite its progress, increased trade continues to be hampered by low productive capacity, underdeveloped transport infrastructure, concentrated markets, and an inadequate business environment.



Export potential

Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.