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Pricing

2023
Flag → Flag
Exports $1.52BRnk 39 / 223
2023
Flag → Flag
Top Product $1.14BPlatinum
2023
Flag → Flag
Exports $179MRnk 13 / 160
2023
Flag → Flag
Top Product $42.1MReaction and Catalytic Products
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195

About

United Kingdom-North Macedonia Trade: In 2023, United Kingdom exported $1.52B to North Macedonia. The main products that United Kingdom exported to North Macedonia were Platinum ($1.14B), Precious Metal Compounds ($260M), and Reaction and Catalytic Products ($9.45M). Over the past 5 years the exports of United Kingdom to North Macedonia have increased at an annualized rate of 11.7%, from $875M in 2018 to $1.52B in 2023.

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

North Macedonia-United Kingdom Trade: In 2023, North Macedonia exported $179M to United Kingdom. The main products that North Macedonia exported to United Kingdom were Reaction and Catalytic Products ($42.1M), Seats ($22.1M), and Mattresses ($14M). Over the past 5 years the exports of North Macedonia to United Kingdom have increased at an annualized rate of 2.67%,  from $127M in 2018 to $179M in 2023.

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

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £84.1M and imported £7.05M from North Macedonia, resulting in a positive trade balance of £77.1M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-15M (-15.1%) from £99.1M to £84.1M, while imports decreased by £-272k (-3.71%) from £7.32M to £7.05M.

Trade In November 2024, the top exports of United Kingdom to North Macedonia were Platinum (£68.7M), Precious Metal Compounds (£22.2M), Non-Knit Active Wear (£348k), Plastic Coated Textile Fabric (£299k), and X-Ray Equipment (£220k). In November 2024 the top imports of United Kingdom from North Macedonia were Seats (£943k), Mattresses (£700k), Reaction and Catalytic Products (£300k), Electric Batteries (£277k), and Packaged Medicaments (£248k).

Origins In November 2024 the exports of United Kingdom were mainly from Birmingham Airport (£80.3M), Dover Eurotunnel (£3.04M), East Midlands Airport (£236k), London Heathrow Airport (£169k), and Immingham (£134k), while imports destinations were mainly Dover (£2.02M), London Gateway (£1.43M), London Heathrow Airport (£318k), and Dover Eurotunnel (£233k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to North Macedonia was explained primarily by an decrease in product exports in Precious Metal Compounds (£-4.47M or -16.7%), Platinum (£-1.72M or -2.45%), and Inorganic Salts (£-141k or -98%). In November 2024, the decrease in United Kingdom's year-by-year imports  from North Macedonia was explained primarily by an decrease in product imports  in Reaction and Catalytic Products (£-2.21M or -88%), Seats (£-836k or -47%), and Iron Structures (£-163k or -69.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-15M(-15.1%)
IMPORT GROWTH (November 2023 - November 2024)£-272k(-3.71%)
MAIN EXPORTER (November 2024)Birmingham Airport£80.3M

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

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

For full datasets download visit Bulk Download page.

Explore North Macedonia and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $1.52B to North Macedonia. The main products exported from United Kingdom to North Macedonia were Platinum ($1.14B), Precious Metal Compounds ($260M), and Reaction and Catalytic Products ($9.45M). During the last 5 years the exports of United Kingdom to North Macedonia have increased at an annualized rate of 11.7%, from $875M in 2018 to $1.52B in 2023.

In 2018, North Macedonia exported $179M to United Kingdom. The main products exported from North Macedonia to United Kingdom were Reaction and Catalytic Products ($42.1M), Seats ($22.1M), and Mattresses ($14M). During the last 5 years the exports of North Macedonia to United Kingdom have increased at an annualized rate of 2.67%, from $127M in 2023 to $179M in 2018.

Exports from United Kingdom (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from United Kingdom than North Macedonia included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, countries that imported more from North Macedonia than United Kingdom included Serbia ($827M), Bulgaria ($566M), and Albania ($150M).

Difference in imports from North Macedonia (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - North Macedonia

Flow
Scale

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

During 2023, United Kingdom had a large net trade with North Macedonia in the exports of Precious Metals ($1.14B), Chemical Products ($292M), and Machines ($29.7M).

During 2018, North Macedonia had a large net trade with United Kingdom in the exports of Chemical Products ($47.3M), Miscellaneous ($37.4M), and Machines ($30.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom North Macedonia+$6.12MCars
Top Product Potential North Macedonia United Kingdom+$10.6MMotor 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 United Kingdom and North Macedonia. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom (Flag) and North Macedonia (Flag) (2023)

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