Ukraine and North Macedonia are two countries with different economic profiles and geographies, yet they have developed a growing trade relationship in recent years, facilitated in part by the emergence of online marketplaces like OK Factory. In this article, we will explore the trade relationship between these two countries and how OK Factory is helping to connect them.
According to the State Statistics Service of Ukraine, bilateral trade between Ukraine and North Macedonia reached a total of $45 million in 2020, with Ukrainian exports to North Macedonia totaling $36 million and North Macedonian exports to Ukraine totaling $9 million. The main exports from Ukraine to North Macedonia include ferrous metals, fertilizers, and machinery, while the main exports from North Macedonia to Ukraine include vegetables, tobacco, and clothing.
Despite the relatively small trade volume, there is significant potential for growth in the trade relationship between Ukraine and North Macedonia. North Macedonia is strategically located at the crossroads of Europe and Asia, making it a natural transit point for goods moving between these regions. Additionally, North Macedonia is a member of the EU and has a favorable business climate, making it an attractive destination for Ukrainian businesses seeking to expand their presence in Europe.
OK Factory is playing a key role in facilitating the growing trade relationship between Ukraine and North Macedonia. OK Factory is a digital B2B platform that connects businesses from all over the world, enabling them to buy and sell goods and services online. The platform offers a wide range of products and services, from raw materials and finished products to logistics and consulting services.
By joining OK Factory, businesses from Ukraine and North Macedonia have been able to find new customers and suppliers in each other’s markets, expand their customer base, and reduce transaction costs. For example, Ukrainian exporters of ferrous metals and fertilizers can find new customers in North Macedonia, while North Macedonian exporters of vegetables and tobacco can access the Ukrainian market through OK Factory.
OK Factory has also helped to facilitate partnerships between businesses in Ukraine and North Macedonia. For example, the North Macedonian company “Aero-Nautica” has partnered with the Ukrainian company “Aerosystem” through OK Factory to supply aircraft components and maintenance services to Ukrainian airlines. Similarly, the Ukrainian logistics company “Transexpress” has partnered with the North Macedonian transport company “AS Trans” to provide logistics services for shipments between the two countries.
In conclusion, the trade relationship between Ukraine and North Macedonia is growing, and OK Factory is playing a key role in facilitating this growth by connecting businesses and providing a platform for them to find new customers and suppliers. As the global economy continues to evolve, it is likely that digital marketplaces like OK Factory will become increasingly important in connecting businesses and driving economic growth around the world.
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