Austria (AUT) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Austria-North Macedonia Trade: In 2022, Austria exported $171M to North Macedonia. The main products that Austria exported to North Macedonia were Bovine Meat ($9.32M), Electric Motors ($5.8M), and Raw Lead ($5.75M). Over the past 5 years the exports of Austria to North Macedonia have increased at an annualized rate of 6.12%, from $127M in 2017 to $171M in 2022.

In 2011, Austria exported services to North Macedonia worth $8.8B, with Insurance services ($8.44B), Construction services ($344M), and Transportation ($9.74M) being the largest in terms of value.

North Macedonia-Austria Trade: In 2022, North Macedonia exported $93.6M to Austria. The main products that North Macedonia exported to Austria were Insulated Wire ($32.9M), Non-Knit Men's Suits ($19.1M), and House Linens ($4.23M). Over the past 5 years the exports of North Macedonia to Austria have increased at an annualized rate of 4.73%, from $51.3M in 2017 to $93.6M in 2022.

In 2022, North Macedonia did not export any services to Austria.

Comparison: In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $171M to North Macedonia. The main products exported from Austria to North Macedonia were Bovine Meat ($9.32M), Electric Motors ($5.8M), and Raw Lead ($5.75M). During the last 5 years the exports of Austria to North Macedonia have increased at an annualized rate of 6.12%, from $127M in 2017 to $171M in 2022.

In 2017, North Macedonia exported $93.6M to Austria. The main products exported from North Macedonia to Austria were Insulated Wire ($32.9M), Non-Knit Men's Suits ($19.1M), and House Linens ($4.23M). During the last 5 years the exports of North Macedonia to Austria have increased at an annualized rate of 4.73%, from $51.3M in 2022 to $93.6M in 2017.

Exports from Austria () to North Macedonia () (2022)

Exports from North Macedonia () to Austria () (2022)

Latest Data

Trade between Austria () and North Macedonia ()

Austria Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

North Macedonia
Top DestinationGermany$3.96B

This map shows whether countries import more from Austria or North Macedonia. Each country is colored based on the difference in imports they receive from Austria and North Macedonia or the difference in the growth in imports.

In 2022, countries that imported more from Austria than North Macedonia included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from North Macedonia than Austria included Albania ($115M) and Equatorial Guinea ($105k).

Difference in imports from North Macedonia () and Austria () (2022)

Comparative Advantage Austria - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Austria and North Macedonia by product, considering products traded by both, Austria and North Macedonia.

During 2022, Austria had a large net trade with North Macedonia in the exports of Machines ($45.4M), Textiles ($16.5M), and Metals ($14.7M).

During 2017, North Macedonia had a large net trade with Austria in the exports of Machines ($37.8M), Textiles ($29.8M), and Foodstuffs ($7.01M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria North Macedonia+$3.64MPackaged Medicaments

Top Product Potential North Macedonia Austria+$8.92MInsulated Wire

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Austria and North Macedonia. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over North Macedonia. Similarly, a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Austria.

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to North Macedonia () (2022)

Exports from North Macedonia () to Austria () (2022)

Latest Data

Trade between Austria () and North Macedonia ()

Austria Exports

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Austria () (2022)

Comparative Advantage Austria - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and North Macedonia () (2022)

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