2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC
$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195

About

Germany-North Macedonia Trade: In 2023, Germany exported $1.25B to North Macedonia. The main products that Germany exported to North Macedonia were Cars ($139M), Laboratory Ceramic Ware ($91.3M), and Low-voltage Protection Equipment ($63.3M). Over the past 5 years the exports of Germany to North Macedonia have increased at an annualized rate of 3.02%, from $1.07B in 2018 to $1.25B in 2023.

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

North Macedonia-Germany Trade: In 2023, North Macedonia exported $4B to Germany. The main products that North Macedonia exported to Germany were Reaction and Catalytic Products ($2.52B), Insulated Wire ($295M), and Electrical Control Boards ($208M). Over the past 5 years the exports of North Macedonia to Germany have increased at an annualized rate of 3.84%,  from $3.32B in 2018 to $4B in 2023.

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

Comparison In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79),  and 3 in total exports ($1.57T). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $1.25B to North Macedonia. The main products exported from Germany to North Macedonia were Cars ($139M), Laboratory Ceramic Ware ($91.3M), and Low-voltage Protection Equipment ($63.3M). During the last 5 years the exports of Germany to North Macedonia have increased at an annualized rate of 3.02%, from $1.07B in 2018 to $1.25B in 2023.

In 2018, North Macedonia exported $4B to Germany. The main products exported from North Macedonia to Germany were Reaction and Catalytic Products ($2.52B), Insulated Wire ($295M), and Electrical Control Boards ($208M). During the last 5 years the exports of North Macedonia to Germany have increased at an annualized rate of 3.84%, from $3.32B in 2023 to $4B in 2018.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$157B
North Macedonia
Top Destination
Germany$4B

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

In 2023, countries that imported more from Germany than North Macedonia included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, no countries were registered that imported more from North Macedonia than from Germany.

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

Comparative Advantage Germany - North Macedonia

Flow
Scale

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

During 2023, Germany had a large net trade with North Macedonia in the exports of Machines ($352M), Transportation ($219M), and Chemical Products ($159M).

During 2018, North Macedonia had a large net trade with Germany in the exports of Chemical Products ($2.52B), Machines ($854M), and Textiles ($281M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany North Macedonia+$25.8MCars
Top Product Potential North Macedonia Germany+$50.1MMotor 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 Germany and North Macedonia. This means that a dot/product with the flag of Germany 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 Germany.

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

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