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Economic and Commercial Brief - North Macedonia
Embassy of India
Sofia
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India – North Macedonia
Commercial and Economic Relations
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The bilateral trade between India and North Macedonia has been steadily growing.
|
Year |
India’s Exports to Bulgaria (USD Mn) |
India’s Imports from Bulgaria (USD Mn) |
Total Bilateral Trade (USD Mn) |
|
2019-2020 |
22.61 |
14.51 |
37.12 |
|
2020-2021 |
23.20 |
5.82 |
29.02 |
|
2021-2022 |
30.52 |
01.19 |
31.72 |
|
2022-2023 |
27.90 |
01.37 |
29.27 |
|
2023-2024 |
36.64 |
0.73 |
37.37 |
(Source: Ministry of Commerce and Industry, Govt. of India)
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Main items of Indian exports to North Macedonia are: Organic Chemicals, Iron and Steel, Textiles and Fabrics; Electrical machinery, Scientific &Medical Instruments, Mechanical machinery; Ceramic, agricultural & forestry tractors; Auto parts, Pharmaceuticals pneumatic elevators & conveyors etc.
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Main items of North Macedonian exports to India are: ferro-alloys, marble and travertine, electrical machinery & equipment, and plastics. Machinery, Ships and Boats, Iron and Steel, Mineral Fuels, Electrical machinery, Auto accessories.
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India offers opportunities for professionals from North Macedonia to participate in training courses at the leading Indian institutions under the Indian Technical and Economic Cooperation (ITEC) programme and several of them have participated in such programmes over the years.
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August 2024
