2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 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 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 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

Italy-North Macedonia Trade: In 2023, Italy exported $522M to North Macedonia. The main products that Italy exported to North Macedonia were Bovine Meat ($20.2M), Packaged Medicaments ($13.7M), and Coffee ($11.1M). Over the past 5 years the exports of Italy to North Macedonia have increased at an annualized rate of 0.82%, from $501M in 2018 to $522M in 2023.

In 2009, Italy exported services to North Macedonia worth $45.3M, with Services not allocated ($22.6M), Travel ($14.9M), and Transportation ($4.47M) being the largest in terms of value.

North Macedonia-Italy Trade: In 2023, North Macedonia exported $229M to Italy. The main products that North Macedonia exported to Italy were Hot-Rolled Iron ($46.1M), Other Heating Machinery ($39M), and Rubber Pipes ($13.8M). Over the past 5 years the exports of North Macedonia to Italy have decreased at an annualized rate of 2.12%,  from $255M in 2018 to $229M in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). 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, Italy exported $522M to North Macedonia. The main products exported from Italy to North Macedonia were Bovine Meat ($20.2M), Packaged Medicaments ($13.7M), and Coffee ($11.1M). During the last 5 years the exports of Italy to North Macedonia have increased at an annualized rate of 0.82%, from $501M in 2018 to $522M in 2023.

In 2018, North Macedonia exported $229M to Italy. The main products exported from North Macedonia to Italy were Hot-Rolled Iron ($46.1M), Other Heating Machinery ($39M), and Rubber Pipes ($13.8M). During the last 5 years the exports of North Macedonia to Italy have decreased at an annualized rate of 2.12%, from $255M in 2023 to $229M in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
North Macedonia
Top Destination
Germany$4B

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

In 2023, countries that imported more from Italy than North Macedonia included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

In 2023, countries that imported more from North Macedonia than Italy included Saint Martin ($6.21k).

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

Comparative Advantage Italy - North Macedonia

Flow
Scale

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

During 2023, Italy had a large net trade with North Macedonia in the exports of Machines ($131M), Textiles ($58.1M), and Chemical Products ($54M).

During 2018, North Macedonia had a large net trade with Italy in the exports of Metals ($72.2M), Machines ($55.9M), and Plastics and Rubbers ($24.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy North Macedonia+$10.4MRefined Petroleum
Top Product Potential North Macedonia Italy+$14.2MHot-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 Italy and North Macedonia. This means that a dot/product with the flag of Italy 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 Italy.

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

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