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Pricing

2022
Flag → Flag
Exports $2.03BRnk 35 / 224
2022
Flag → Flag
Top Product $1.42BPlatinum
2022
Flag → Flag
Exports $183MRnk 9 / 155
2022
Flag → Flag
Top Product $47.4MReaction and Catalytic Products
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

United Kingdom-North Macedonia Trade: In 2022, United Kingdom exported $2.03B to North Macedonia. The main products that United Kingdom exported to North Macedonia were Platinum ($1.42B), Precious Metal Compounds ($510M), and Reaction and Catalytic Products ($10.8M). Over the past 5 years the exports of United Kingdom to North Macedonia have increased at an annualized rate of 16.8%, from $933M in 2017 to $2.03B in 2022.

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

North Macedonia-United Kingdom Trade: In 2022, North Macedonia exported $183M to United Kingdom. The main products that North Macedonia exported to United Kingdom were Reaction and Catalytic Products ($47.4M), Non-Iron and Steel Slag, Ash and Residues ($28.8M), and Seats ($20.5M). Over the past 5 years the exports of North Macedonia to United Kingdom have increased at an annualized rate of 21.6%,  from $68.8M in 2017 to $183M in 2022.

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

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £90.2M and imported £5.01M from North Macedonia, resulting in a positive trade balance of £85.2M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £21.2M (30.8%) from £68.9M to £90.2M, while imports increased by £357k (7.66%) from £4.66M to £5.01M.

Trade In August 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 August 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 August 2024 the exports of United Kingdom were mainly from Birmingham Airport (£85.9M), Dover Eurotunnel (£3.48M), East Midlands Airport (£263k), London Heathrow Airport (£186k), and Dover (£91.1k), while imports destinations were mainly London Gateway (£1.08M), Dover (£1.04M), London Heathrow Airport (£410k), and Dover Eurotunnel (£292k).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Insulated Wire (£120k or 221%), Video and Card Games (£117k or 195%), and Commodities not elsewhere specified (£104k or 554%). In August 2024, the increase in United Kingdom's year-by-year imports  from North Macedonia was explained primarily by an increase in product imports  in Electric Batteries (£192k or 228%), Motor vehicles; parts and accessories (8701... (£107k or 496%), and Knit T-shirts (£42.5k or 67.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£21.2M(30.8%)
IMPORT GROWTH (August 2023 - August 2024)£357k(7.66%)
MAIN EXPORTER (August 2024)Birmingham Airport£85.9M

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 2022, United Kingdom exported $2.03B to North Macedonia. The main products exported from United Kingdom to North Macedonia were Platinum ($1.42B), Precious Metal Compounds ($510M), and Reaction and Catalytic Products ($10.8M). During the last 5 years the exports of United Kingdom to North Macedonia have increased at an annualized rate of 16.8%, from $933M in 2017 to $2.03B in 2022.

In 2017, North Macedonia exported $183M to United Kingdom. The main products exported from North Macedonia to United Kingdom were Reaction and Catalytic Products ($47.4M), Non-Iron and Steel Slag, Ash and Residues ($28.8M), and Seats ($20.5M). During the last 5 years the exports of North Macedonia to United Kingdom have increased at an annualized rate of 21.6%, from $68.8M in 2022 to $183M in 2017.

Exports from United Kingdom (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
North Macedonia
Top DestinationGermany$3.96B

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 2022, countries that imported more from United Kingdom than North Macedonia included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from North Macedonia than United Kingdom included Serbia ($800M), Albania ($115M), and Bosnia and Herzegovina ($106M).

Difference in imports from North Macedonia (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with North Macedonia in the exports of Precious Metals ($1.42B), Chemical Products ($540M), and Machines ($17.9M).

During 2017, North Macedonia had a large net trade with United Kingdom in the exports of Chemical Products ($49M), Mineral Products ($37.2M), and Miscellaneous ($34.4M).

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) (2022)

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