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The role of exports in the realized total revenues of the 10 largest exporters

Another short analysis of the 10 largest exporters in 2022. What was the export and its impact on the size of these entities, which, in addition to being the largest exporters, are also among the 35 largest companies in terms of total revenue.

The first company, the foreign investment Johnson Matthey DOOEL, which opened the factory for production of parts and accessories for motor vehicles in Skopje, is, as expected, the largest exporter with as much as 99% of its revenues generated from sales on the foreign market. Furthermore, second on the list of the largest exporters is OKTA AD whose activity is wholesale trade in fuels. Here, the role of exports is significantly smaller and is 25.5%. OKTA AD is part of one of the largest groups in the energy sector - Helleniq Energy.

The table shows us that most of these companies are either foreign direct investments or companies whose majority owner is a foreign company. Hence the fact that most of their total income is from sales on the foreign market, especially when it comes to foreign direct investments. Another one of the direct foreign investments is Kromberg & Schubert Makedonija Bt DOOEL located in Bitola, whose exports comprise as much as 98.4% of total revenues. It is followed by GEN-I Prodazba na energija with 62.7% revenues from sales on the foreign market. The main activity of GEN-I is electricity trade.


In the 5th place as the largest exporter was MAKSTIL AD, a steel casting company that sells its products on foreign markets to the extent of 88.6%.

The only domestic company that is part of the 10 largest exporters is IGM Trade DOO from Kavadarci. The company has achieved revenues of MKD 9.8 billion, of which 85.1% or MKD 8.3 billion are from sales abroad.

You can see the full analysis of these 10 companies in the table above, while the data for the 200 largest and most successful companies are available here.


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The publication “200 Largest and most successful” is a very useful source of information that gives a precise image of the financial and business operations of the 200 largest and most successful companies in Macedonia to every investor.

The securities market is basically moved by information and it is in the Stock exchange’s highest interest that more data about the operating of the companies are available to public so that they can bring the right investing decisions.

MACEDONIAN STOCK EXCHANGE, Skopje

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