Greece (GRC) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Greece-North Macedonia Trade: In 2023, Greece exported $1.11B to North Macedonia. The main products that Greece exported to North Macedonia were Refined Petroleum ($732M), Semi-Finished Iron ($53M), and Lignite ($36.2M). Over the past 5 years the exports of Greece to North Macedonia have increased at an annualized rate of 7.63%, from $769M in 2018 to $1.11B in 2023.

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

North Macedonia-Greece Trade: In 2023, North Macedonia exported $542M to Greece. The main products that North Macedonia exported to Greece were Electricity ($273M), Raw Tobacco ($45.8M), and Scrap Iron ($28M). Over the past 5 years the exports of North Macedonia to Greece have increased at an annualized rate of 12.1%, from $307M in 2018 to $542M in 2023.

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

Comparison In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $1.11B to North Macedonia. The main products exported from Greece to North Macedonia were Refined Petroleum ($732M), Semi-Finished Iron ($53M), and Lignite ($36.2M). During the last 5 years the exports of Greece to North Macedonia have increased at an annualized rate of 7.63%, from $769M in 2018 to $1.11B in 2023.

In 2018, North Macedonia exported $542M to Greece. The main products exported from North Macedonia to Greece were Electricity ($273M), Raw Tobacco ($45.8M), and Scrap Iron ($28M). During the last 5 years the exports of North Macedonia to Greece have increased at an annualized rate of 12.1%, from $307M in 2023 to $542M in 2018.

Exports from Greece () to North Macedonia () (2023)

Exports from North Macedonia () to Greece () (2023)

Latest Data

Trade between Greece () and North Macedonia ()

Greece Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

North Macedonia
Top DestinationGermany$4B

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 2023, countries that imported more from Greece than North Macedonia included Italy ($6.21B), Cyprus ($3.03B), and Romania ($2.09B).

In 2023, countries that imported more from North Macedonia than Greece included Germany ($4B), Serbia ($827M), and Saint Pierre and Miquelon ($31.3k).

Difference in imports from North Macedonia () and Greece () (2023)

Comparative Advantage Greece - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with North Macedonia in the exports of Mineral Products ($815M), Metals ($125M), and Chemical Products ($30.1M).

During 2018, North Macedonia had a large net trade with Greece in the exports of Mineral Products ($282M), Metals ($108M), and Foodstuffs ($51.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to North Macedonia () (2023)

Exports from North Macedonia () to Greece () (2023)

Latest Data

Trade between Greece () and North Macedonia ()

Greece Exports

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Greece () (2023)

Comparative Advantage Greece - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and North Macedonia () (2023)

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