2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 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 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 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

Mexico-North Macedonia Trade: In 2022, Mexico exported $20.5M to North Macedonia. The main products that Mexico exported to North Macedonia were Laboratory Ceramic Ware ($7.28M), Air Pumps ($2.08M), and Low-voltage Protection Equipment ($1.44M). Over the past 5 years the exports of Mexico to North Macedonia have increased at an annualized rate of 1.56%, from $19M in 2017 to $20.5M in 2022.

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

North Macedonia-Mexico Trade: In 2022, North Macedonia exported $13.9M to Mexico. The main products that North Macedonia exported to Mexico were Insulated Wire ($6.31M), Electric Motors ($3.43M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.71M). Over the past 5 years the exports of North Macedonia to Mexico have increased at an annualized rate of 66.2%,  from $1.09M in 2017 to $13.9M in 2022.

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

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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, Mexico exported $20.5M to North Macedonia. The main products exported from Mexico to North Macedonia were Laboratory Ceramic Ware ($7.28M), Air Pumps ($2.08M), and Low-voltage Protection Equipment ($1.44M). During the last 5 years the exports of Mexico to North Macedonia have increased at an annualized rate of 1.56%, from $19M in 2017 to $20.5M in 2022.

In 2017, North Macedonia exported $13.9M to Mexico. The main products exported from North Macedonia to Mexico were Insulated Wire ($6.31M), Electric Motors ($3.43M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.71M). During the last 5 years the exports of North Macedonia to Mexico have increased at an annualized rate of 66.2%, from $1.09M in 2022 to $13.9M in 2017.

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

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

Latest Data

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

Mexico Exports

North Macedonia Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Mexico than North Macedonia included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from North Macedonia than Mexico included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

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

Comparative Advantage Mexico - North Macedonia

Flow
Scale

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

During 2022, Mexico had a large net trade with North Macedonia in the exports of Machines ($8.4M), Stone And Glass ($7.29M), and Transportation ($1.38M).

During 2017, North Macedonia had a large net trade with Mexico in the exports of Machines ($10.6M), Transportation ($2.71M), and Metals ($320k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico North Macedonia+$2.84MCars
Top Product Potential North Macedonia Mexico+$8.5MInsulated Wire

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

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

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