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2023
Flag → Flag
Exports $66.5MRnk 99 / 142
2023
Flag → Flag
Top Product $16.4MSemi-Finished Iron
2023
Flag → Flag
Exports $6.23MRnk 47 / 160
2023
Flag → Flag
Top Product $5.87MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH45.7%CURRENT US$
Rnk 83 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$8,624CURRENT US$
Rnk 92 / 196
2013-2023
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GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195

About

South Korea-North Macedonia Trade: In 2023, South Korea exported $66.5M to North Macedonia. The main products that South Korea exported to North Macedonia were Semi-Finished Iron ($16.4M), Aluminium Bars ($8.19M), and Plastic Coated Textile Fabric ($5.57M). Over the past 5 years the exports of South Korea to North Macedonia have increased at an annualized rate of 15.9%, from $31.8M in 2018 to $66.5M in 2023.

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

North Macedonia-South Korea Trade: In 2023, North Macedonia exported $6.23M to South Korea. The main products that North Macedonia exported to South Korea were Raw Tobacco ($5.87M), Electric Motors ($148k), and Special purpose motor vehicles ($84.2k). Over the past 5 years the exports of North Macedonia to South Korea have increased at an annualized rate of 5.71%,  from $4.72M in 2018 to $6.23M in 2023.

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

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2025

About

Overview In January 2025, South Korea exported $236k and imported $844k from North Macedonia, resulting in a negative trade balance of $608k. Between January 2024 and January 2025 the exports of South Korea have decreased by $-70k (-22.9%) from $306k to $236k, while imports increased by $434k (106%) from $410k to $844k.

Trade In January 2025, the top exports of South Korea to North Macedonia were Optical, photo, & film equipment; medical... ($57k), Cars, tractors, trucks & parts thereof. ($55k), Perfumery & cosmetics ($52k), Pharmaceutical products ($35k), and Stone, plaster, cement, asbestos, mica. ($23k). In January 2025 the top imports of South Korea from North Macedonia were Tobacco & substitutes ($188k), Optical, photo, & film equipment; medical... ($158k), Electrical machinery and electronics ($18k), Non-knitted clothing accesories ($16k), and Beverages, spirits, & vinegar ($13k).

Growth In January 2025, the decrease in South Korea's year-by-year exports to North Macedonia was explained primarily by an decrease in product exports in Aluminum articles ($-744k or -100%), Plastics & articles thereof ($-65k or -95.6%), and Chemical products n.e.s. ($-6k or -33.3%). In January 2025, the increase in South Korea's year-by-year imports  from North Macedonia was explained primarily by an increase in product imports  in Tobacco & substitutes ($74k or 64.9%), Non-knitted clothing accesories ($14k or 700%), and Furniture, bedding, lamps, & prefab buildings ($2k or 200%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$-70k(-22.9%)
IMPORT GROWTH (January 2024 - January 2025)$434k(106%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check North Macedonia and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore North Macedonia and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $66.5M to North Macedonia. The main products exported from South Korea to North Macedonia were Semi-Finished Iron ($16.4M), Aluminium Bars ($8.19M), and Plastic Coated Textile Fabric ($5.57M). During the last 5 years the exports of South Korea to North Macedonia have increased at an annualized rate of 15.9%, from $31.8M in 2018 to $66.5M in 2023.

In 2018, North Macedonia exported $6.23M to South Korea. The main products exported from North Macedonia to South Korea were Raw Tobacco ($5.87M), Electric Motors ($148k), and Special purpose motor vehicles ($84.2k). During the last 5 years the exports of North Macedonia to South Korea have increased at an annualized rate of 5.71%, from $4.72M in 2023 to $6.23M in 2018.

Exports from South Korea (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from South Korea than North Macedonia included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from North Macedonia than South Korea included Serbia ($827M), Bulgaria ($566M), and Croatia ($140M).

Difference in imports from North Macedonia (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - North Macedonia

Flow
Scale

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

During 2023, South Korea had a large net trade with North Macedonia in the exports of Metals ($25.8M), Machines ($13.3M), and Textiles ($8.79M).

During 2018, North Macedonia had a large net trade with South Korea in the exports of Foodstuffs ($5.91M), Machines ($183k), and Transportation ($84.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea North Macedonia+$5.07MCars
Top Product Potential North Macedonia South Korea+$959kMachinery Having Individual Functions

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

Product Space of South Korea (Flag) and North Macedonia (Flag) (2023)

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