Colombia (COL) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Colombia-North Macedonia Trade: In 2022, Colombia exported $3.35M to North Macedonia. The main products that Colombia exported to North Macedonia were Bananas ($2.89M), Raw Sugar ($267k), and Confectionery Sugar ($91.1k). Over the past 5 years the exports of Colombia to North Macedonia have decreased at an annualized rate of 12.8%, from $6.63M in 2017 to $3.35M in 2022.

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

North Macedonia-Colombia Trade: In 2022, North Macedonia exported $210k to Colombia. The main products that North Macedonia exported to Colombia were Rubber Apparel ($99.8k), Paper Labels ($38.7k), and Scrap Iron ($16.8k). Over the past 5 years the exports of North Macedonia to Colombia have decreased at an annualized rate of 3.02%, from $245k in 2017 to $210k in 2022.

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

Comparison: In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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, Colombia exported $3.35M to North Macedonia. The main products exported from Colombia to North Macedonia were Bananas ($2.89M), Raw Sugar ($267k), and Confectionery Sugar ($91.1k). During the last 5 years the exports of Colombia to North Macedonia have decreased at an annualized rate of 12.8%, from $6.63M in 2017 to $3.35M in 2022.

In 2017, North Macedonia exported $210k to Colombia. The main products exported from North Macedonia to Colombia were Rubber Apparel ($99.8k), Paper Labels ($38.7k), and Scrap Iron ($16.8k). During the last 5 years the exports of North Macedonia to Colombia have decreased at an annualized rate of 3.02%, from $245k in 2022 to $210k in 2017.

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

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

Latest Data

Trade between Colombia () and North Macedonia ()

Colombia Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Colombia than North Macedonia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from North Macedonia than Colombia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

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

Comparative Advantage Colombia - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with North Macedonia in the exports of Vegetable Products ($2.91M), Foodstuffs ($358k), and Machines ($50.7k).

During 2017, North Macedonia had a large net trade with Colombia in the exports of Plastics and Rubbers ($99.8k), Paper Goods ($51.6k), and Textiles ($17.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia North Macedonia+$332kRaw Sugar

Top Product Potential North Macedonia Colombia+$45.3kMotor 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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Colombia () and North Macedonia ()

Colombia Exports

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage Colombia - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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