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2023
Flag → Flag
Exports $159MRnk 91 / 220
2023
Flag → Flag
Top Product $20.5MPlatinum
2023
Flag → Flag
Exports $179MRnk 14 / 160
2023
Flag → Flag
Top Product $108MBuses
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH45.7%CURRENT US$
Rnk 83 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$8,624CURRENT US$
Rnk 92 / 196
2013-2023
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GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195

About

Belgium-North Macedonia Trade: In 2023, Belgium exported $159M to North Macedonia. The main products that Belgium exported to North Macedonia were Platinum ($20.5M), Laboratory Ceramic Ware ($10.3M), and Hot-Rolled Iron ($7.89M). Over the past 5 years the exports of Belgium to North Macedonia have increased at an annualized rate of 1.5%, from $148M in 2018 to $159M in 2023.

In 2023, Belgium did not export any services to North Macedonia.

North Macedonia-Belgium Trade: In 2023, North Macedonia exported $179M to Belgium. The main products that North Macedonia exported to Belgium were Buses ($108M), Raw Tobacco ($15.4M), and Lead Ore ($8.36M). Over the past 5 years the exports of North Macedonia to Belgium have decreased at an annualized rate of 6.96%,  from $257M in 2018 to $179M in 2023.

In 2023, North Macedonia did not export any services to Belgium.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €10.1M and imported €8.8M from North Macedonia, resulting in a positive trade balance of €1.31M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-4.21M (-29.4%) from €14.3M to €10.1M, while imports decreased by €-17.8k (-0.2%) from €8.82M to €8.8M.

Trade In October 2024, the top exports of Belgium to North Macedonia were Machinery, mechanical appliances, & parts (€3.05M), Electrical machinery and electronics (€2.74M), Cars, tractors, trucks & parts thereof. (€1.96M), Plastics & articles thereof (€1.21M), and Iron/Steel Articles (€1.19M). In October 2024 the top imports of Belgium from North Macedonia were Cars, tractors, trucks & parts thereof. (€13M), Non-knitted clothing accesories (€1.03M), Knitted clothing accesories (€514k), Iron/Steel Articles (€285k), and Machinery, mechanical appliances, & parts (€248k).

Growth In October 2024, the decrease in Belgium's year-by-year exports to North Macedonia was explained primarily by an decrease in product exports in Food residues & wastes; animal fodder (€-48k or -95.6%), Cotton (€-36.7k or -75.6%), and Unclassified (€-19.1k or -45.5%). In October 2024, the decrease in Belgium's year-by-year imports  from North Macedonia was explained primarily by an decrease in product imports  in Iron/Steel Articles (€-240k or -45.7%), Iron & steel (€-85.6k or -72.1%), and Electrical machinery and electronics (€-51.6k or -62.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-4.21M(-29.4%)
IMPORT GROWTH (October 2023 - October 2024)€-17.8k(-0.2%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check North Macedonia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore North Macedonia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $159M to North Macedonia. The main products exported from Belgium to North Macedonia were Platinum ($20.5M), Laboratory Ceramic Ware ($10.3M), and Hot-Rolled Iron ($7.89M). During the last 5 years the exports of Belgium to North Macedonia have increased at an annualized rate of 1.5%, from $148M in 2018 to $159M in 2023.

In 2018, North Macedonia exported $179M to Belgium. The main products exported from North Macedonia to Belgium were Buses ($108M), Raw Tobacco ($15.4M), and Lead Ore ($8.36M). During the last 5 years the exports of North Macedonia to Belgium have decreased at an annualized rate of 6.96%, from $257M in 2023 to $179M in 2018.

Exports from Belgium (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from Belgium than North Macedonia included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from North Macedonia than Belgium included Serbia ($827M), Albania ($150M), and Montenegro ($46.7M).

Difference in imports from North Macedonia (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - North Macedonia

Flow
Scale

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

During 2023, Belgium had a large net trade with North Macedonia in the exports of Metals ($31.5M), Precious Metals ($20.6M), and Machines ($19.3M).

During 2018, North Macedonia had a large net trade with Belgium in the exports of Transportation ($112M), Textiles ($17.3M), and Foodstuffs ($17.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium North Macedonia+$3.93MPackaged Medicaments
Top Product Potential North Macedonia Belgium+$3.95MMotor vehicles; parts and accessories (8701 to 8705)

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

This visualization shows the product space at the HS4 level with the flags of Belgium and North Macedonia. This means that a dot/product with the flag of Belgium 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 Belgium.

Product Space of Belgium (Flag) and North Macedonia (Flag) (2023)

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