Macedonia

Bilateral trade between Macedonia and India, while being in its nascent stage, has been growing.

Last updated: March 13, 2024
  • overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

Indian Embassy in Bulgaria is currently accredited to Macedonia

Growing interest in Macedonia’s investment potential

Cooperation in textile raw material development and skills development

India and Macedonia have focused on cooperation in defence, trade, investment, health, science and technology

US$ 22mn
is value of Macedonia's exports to India in 2019-2020

US$ 37mn

Bilateral trade value in 2019-2020

15
Indians living in Macedonia

Auto parts

Macedonia has had a history of auto component manufacturing.

Lowest Taxes

in Europe

Economy

Macedonia is one of the world's top ranked economies

Strategical Location

Strategically located for future business expansion

India's Exports and Imports to Macedonia

Source: Department of Commerce

Opportunities

Agricultural exports

Minerals

    Production: Lignite-5,056,918 mt tons

    bgs.ac.uk

    Production: Copper Ore-8,966 tons
    Export: Copper Ore-US$ 79.9 million

    wmc.org.pl

    Production: Lead Ore – 39,850 tons
    Export: Lead Ore – US$ 79.3 million

    wmc.org.ploec.world

    Production: 40,233 tons
    Export: US$ 50.6 million

    bgs.ac.ukoec.world

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Capital Goods
Chemicals
Electrical Machinery
Food Processing
Mining
Pharmaceuticals
Textiles and Garments
Tourism

Top Import/ Export Items

India's top import from Macedonia
  • Ferro alloys
  • Marble
  • Travertine
  • Electrical machinery and equipment
  • Plastics
India's top export to Macedonia
  • Gas oils of petroleum or Bituminous minerals
  • Agricultural or forestry tractors
  • Pre-stripped fleu-cured tobacco
  • Coffee
  • Sesame seeds
  • Single cotton yarn of combed fibres
  • Medicaments
  • Plates, sheets, film, foil and strip of non-cellular polymers of propylene
  • Pneumatic elevators and conveyors

Country News

India-E29 Forum: A force of economic empowerment
November 22, 2019

The fifth edition of the India-Europe 29 Business Forum – …

Read More

IIT Delhi targets foreign students, faculty
July 23, 2018

The Indian Institute of Technology Delhi (IIT-D) is inviting foreign …

Read More

India, Macedonia enter deal in health cooperation
February 28, 2018

India’s Union Cabinet, chaired by Prime Minister Shri Narendra Modi, …

Read More
View All