Logistic services trade balance as indicator of Macedonian logistic industry potential

Abstract

Logistic industry as one of the leading world industries has respectable influence towards world economy flows. There are many indicators that confirm importance of logistic industry in certain country. One of those indicators is logistic services trade balance, as part of country's balance of payment, expressed by all international transactions of the country made on logistic services. Balance of payment indicates real economic condition of a country; in fact, countries with positive pay balance are sufficient and otherwise. Countries can reduce their negative balance of payment and also convert it into positive with incomes realized on trade in logistic services. It must be considered that effects of logistic services on balance of payment are hard to determine because of the complexity of logistic industry as well as lack of necessary data, and there is a need to mark all those elements that can not be calculated in logistic services trade balance. That way we can present a better picture for the potential of the logistic industry and its impact on national economy. Data given in logistic services trade balance are still worth to realize potential of logistic sector development of any country, as well as Macedonia in this case.