The covid-19 impact on exports in North Macedonia—firm-level analysis

Bojan Srbinoski, Blagica Petreski and Marjan Petreski ()

Economic Research-Ekonomska Istraživanja, 2022, vol. 35, issue 1, 7147-7174

Abstract: Exports experienced extraordinary growth rates during the last decade in North Macedonia capturing above 50% share of the country’s GDP. However, the COVID-19 crisis interrupted the positive export series imposing various constraints in multiple dimensions on export-oriented firms. This study explores the multidimensionality of the COVID-19 impact on exporters in North Macedonia. We find that COVID-19 caused a systematic slowdown in the exporters’ revenue, profit, investment, capital, employment and salaries growth rates. Moreover, the limited access to finance, import exposure to EU markets, high labour-intensity, export exposure to non-EU markets and lower competitiveness make exporters less resilient to the pandemic shocks representing the main obstacles exporters are/will be facing in the recovery stage.

Date: 2022
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DOI: 10.1080/1331677X.2022.2063918

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