Bangladesh (BGD) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Bangladesh-North Macedonia Trade: In 2022, Bangladesh exported $20.1M to North Macedonia. The main products that Bangladesh exported to North Macedonia were Knit T-shirts ($3.62M), Knit Sweaters ($3.05M), and Non-Knit Men's Suits ($2.37M). Over the past 5 years the exports of Bangladesh to North Macedonia have increased at an annualized rate of 15.3%, from $9.84M in 2017 to $20.1M in 2022.

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

North Macedonia-Bangladesh Trade: In 2022, North Macedonia exported $39k to Bangladesh. The main products that North Macedonia exported to Bangladesh were Prepared Cereals ($35.8k), Raw Sugar ($2.49k), and Other Edible Preparations ($615). Over the past 5 years the exports of North Macedonia to Bangladesh have increased at an annualized rate of 9.97%, from $22k in 2017 to $39k in 2022.

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

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). 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, Bangladesh exported $20.1M to North Macedonia. The main products exported from Bangladesh to North Macedonia were Knit T-shirts ($3.62M), Knit Sweaters ($3.05M), and Non-Knit Men's Suits ($2.37M). During the last 5 years the exports of Bangladesh to North Macedonia have increased at an annualized rate of 15.3%, from $9.84M in 2017 to $20.1M in 2022.

In 2017, North Macedonia exported $39k to Bangladesh. The main products exported from North Macedonia to Bangladesh were Prepared Cereals ($35.8k), Raw Sugar ($2.49k), and Other Edible Preparations ($615). During the last 5 years the exports of North Macedonia to Bangladesh have increased at an annualized rate of 9.97%, from $22k in 2022 to $39k in 2017.

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

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

Latest Data

Trade between Bangladesh () and North Macedonia ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Bangladesh than North Macedonia included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

In 2022, countries that imported more from North Macedonia than Bangladesh included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

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

Comparative Advantage Bangladesh - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with North Macedonia in the exports of Textiles ($19.7M), Footwear and Headwear ($265k), and Animal Hides ($48.5k).

During 2017, North Macedonia had a large net trade with Bangladesh in the exports of Foodstuffs ($39k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh North Macedonia+$2.53MKnit T-shirts

Top Product Potential North Macedonia Bangladesh+$35.5kPrepared Cereals

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 Bangladesh and North Macedonia. This means that a dot/product with the flag of Bangladesh 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 Bangladesh.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bangladesh () and North Macedonia ()

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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