2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC 
$8,624CURRENT US$
Rnk 92 / 195
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

North Macedonia-Denmark Trade: In 2023, North Macedonia exported $14.6M to Denmark. The main products that North Macedonia exported to Denmark were Non-Knit Men's Shirts ($3.47M), Other Small Iron Pipes ($1.47M), and Telephones ($1.4M). Over the past 5 years the exports of North Macedonia to Denmark have increased at an annualized rate of 12.5%, from $8.12M in 2018 to $14.6M in 2023.

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

Denmark-North Macedonia Trade: In 2023, Denmark exported $37.3M to North Macedonia. The main products that Denmark exported to North Macedonia were Packaged Medicaments ($13M), Metal Molds ($4.17M), and Vaccines, blood, antisera, toxins and cultures ($1.53M). Over the past 5 years the exports of Denmark to North Macedonia have increased at an annualized rate of 17.4%,  from $16.7M in 2018 to $37.3M in 2023.

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

Comparison In 2023,  North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Latest Data

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

North Macedonia Exports

Denmark Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$4B
Denmark
Top Destination
Germany$14.8B

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

In 2023, countries that imported more from North Macedonia than Denmark included Serbia ($827M), Bulgaria ($566M), and Albania ($150M).

In 2023, countries that imported more from Denmark than North Macedonia included United States ($12B), Sweden ($11.2B), and Germany ($14.8B).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Denmark+$1.29MHot-Rolled Iron
Top Product Potential Denmark North Macedonia+$4.41MPackaged Medicaments

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 North Macedonia and Denmark. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over North Macedonia.

Product Space of North Macedonia (Flag) and Denmark (Flag) (NaN)

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