North Macedonia (MKD) and Australia (AUS) Trade | The Observatory of Economic Complexity

About

North Macedonia-Australia Trade: In 2022, North Macedonia exported $11.8M to Australia. The main products that North Macedonia exported to Australia were Oxygen Heterocyclic Compounds ($1.25M), Pickled Foods ($1.19M), and Other Processed Vegetables ($998k). Over the past 5 years the exports of North Macedonia to Australia have increased at an annualized rate of 12.8%, from $6.48M in 2017 to $11.8M in 2022.

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

Australia-North Macedonia Trade: In 2022, Australia exported $3.97M to North Macedonia. The main products that Australia exported to North Macedonia were Sheep Hides ($794k), Raw Nickel ($376k), and Compasses ($333k). Over the past 5 years the exports of Australia to North Macedonia have increased at an annualized rate of 3.09%, from $3.41M in 2017 to $3.97M in 2022.

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

Comparison: In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $11.8M to Australia. The main products exported from North Macedonia to Australia were Oxygen Heterocyclic Compounds ($1.25M), Pickled Foods ($1.19M), and Other Processed Vegetables ($998k). During the last 5 years the exports of North Macedonia to Australia have increased at an annualized rate of 12.8%, from $6.48M in 2017 to $11.8M in 2022.

In 2017, Australia exported $3.97M to North Macedonia. The main products exported from Australia to North Macedonia were Sheep Hides ($794k), Raw Nickel ($376k), and Compasses ($333k). During the last 5 years the exports of Australia to North Macedonia have increased at an annualized rate of 3.09%, from $3.41M in 2022 to $3.97M in 2017.

Exports from North Macedonia () to Australia () (2022)

Exports from Australia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Australia ()

North Macedonia Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Australia
Top DestinationChina$123B

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

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

In 2022, countries that imported more from Australia than North Macedonia included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Australia in the exports of Foodstuffs ($4.05M), Chemical Products ($1.43M), and Miscellaneous ($1.32M).

During 2017, Australia had a large net trade with North Macedonia in the exports of Machines ($941k), Animal Hides ($796k), and Instruments ($698k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Australia+$1.48MSeats

Top Product Potential Australia North Macedonia+$143kVaccines, blood, antisera, toxins and cultures

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of North Macedonia and Australia. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over North Macedonia.

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Australia () (2022)

Exports from Australia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Australia ()

North Macedonia Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Australia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Australia () (2022)

Keep Exploring