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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

Value in US$ Millions

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 14.51 12.87 14.88 17.38 19.54
2 %Growth -11.31 15.66 16.77 12.45
3 India’s Total Export 310,338.48 262,291.09 275,852.43 303,526.16 330,069.60
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0 0 0.01 0.01 0.01
6 IMPORT 9.05 7.08 24.13 46.61 24.08
7 %Growth -21.74 240.63 93.13 -48.33
8 India’s Total Import 448,033.41 381,007.76 384,357.03 465,580.99 514,034.09
9 %Growth -14.96 0.88 21.13 10.41
10 %Share 0 0 0.01 0.01 0
11 TOTAL TRADE 23.56 19.95 39.02 63.99 43.63
12 %Growth -15.32 95.53 64 -31.82
13 India’s Total Trade 758,371.89 643,298.84 660,209.46 769,107.15 844,103.68
14 %Growth -15.17 2.63 16.49 9.75
15 %Share 0 0 0.01 0.01 0.01
16 TRADE BALANCE 5.46 5.78
17 India’s Trade Balance -137,694.93 -118,716.67 -108,504.60 -162,054.83 -183,964.49

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

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

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