2022
Flag  
GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC 
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

Greece-North Macedonia Trade: In 2022, Greece exported $1.7B to North Macedonia. The main products that Greece exported to North Macedonia were Refined Petroleum ($1.05B), Electricity ($259M), and Semi-Finished Iron ($65.2M). Over the past 5 years the exports of Greece to North Macedonia have increased at an annualized rate of 19.7%, from $691M in 2017 to $1.7B in 2022.

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

North Macedonia-Greece Trade: In 2022, North Macedonia exported $683M to Greece. The main products that North Macedonia exported to Greece were Electricity ($428M), Raw Tobacco ($38.6M), and Coated Flat-Rolled Iron ($27.2M). Over the past 5 years the exports of North Macedonia to Greece have increased at an annualized rate of 25.9%,  from $216M in 2017 to $683M in 2022.

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

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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
Value

In 2022, Greece exported $1.7B to North Macedonia. The main products exported from Greece to North Macedonia were Refined Petroleum ($1.05B), Electricity ($259M), and Semi-Finished Iron ($65.2M). During the last 5 years the exports of Greece to North Macedonia have increased at an annualized rate of 19.7%, from $691M in 2017 to $1.7B in 2022.

In 2017, North Macedonia exported $683M to Greece. The main products exported from North Macedonia to Greece were Electricity ($428M), Raw Tobacco ($38.6M), and Coated Flat-Rolled Iron ($27.2M). During the last 5 years the exports of North Macedonia to Greece have increased at an annualized rate of 25.9%, from $216M in 2022 to $683M in 2017.

Exports from Greece (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Greece (Flag) (2022)

Latest Data

Trade between Greece (Flag) and North Macedonia (Flag)

Greece Exports

North Macedonia Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Greece than North Macedonia included Italy ($5.82B), Bulgaria ($3.62B), and Cyprus ($2.92B).

In 2022, countries that imported more from North Macedonia than Greece included Germany ($3.96B), Serbia ($800M), and Bosnia and Herzegovina ($106M).

Difference in imports from North Macedonia (Flag) and Greece (Flag) (2022)

Comparative Advantage Greece - North Macedonia

Flow
Scale

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

During 2022, Greece had a large net trade with North Macedonia in the exports of Mineral Products ($1.36B), Metals ($142M), and Foodstuffs ($32.7M).

During 2017, North Macedonia had a large net trade with Greece in the exports of Mineral Products ($438M), Metals ($99.5M), and Foodstuffs ($50M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece North Macedonia+$4.58MPetroleum Gas
Top Product Potential North Macedonia Greece+$5.67MHot-Rolled Iron

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

Product Space of Greece (Flag) and North Macedonia (Flag) (2022)

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