North Macedonia (MKD) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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North Macedonia-Denmark Trade: In 2022, North Macedonia exported $40.3M to Denmark. The main products that North Macedonia exported to Denmark were Buses ($25.6M), Non-Knit Men's Shirts ($5.81M), and Other Small Iron Pipes ($2.3M). Over the past 5 years the exports of North Macedonia to Denmark have increased at an annualized rate of 40.9%, from $7.26M in 2017 to $40.3M in 2022.

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

Denmark-North Macedonia Trade: In 2022, Denmark exported $36.8M to North Macedonia. The main products that Denmark exported to North Macedonia were Packaged Medicaments ($14.3M), Metal Molds ($2.7M), and Electrical Control Boards ($1.17M). Over the past 5 years the exports of Denmark to North Macedonia have increased at an annualized rate of 13.9%, from $19.2M in 2017 to $36.8M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $40.3M to Denmark. The main products exported from North Macedonia to Denmark were Buses ($25.6M), Non-Knit Men's Shirts ($5.81M), and Other Small Iron Pipes ($2.3M). During the last 5 years the exports of North Macedonia to Denmark have increased at an annualized rate of 40.9%, from $7.26M in 2017 to $40.3M in 2022.

In 2017, Denmark exported $36.8M to North Macedonia. The main products exported from Denmark to North Macedonia were Packaged Medicaments ($14.3M), Metal Molds ($2.7M), and Electrical Control Boards ($1.17M). During the last 5 years the exports of Denmark to North Macedonia have increased at an annualized rate of 13.9%, from $19.2M in 2022 to $36.8M in 2017.

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

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

Latest Data

Trade between North Macedonia () and Denmark ()

North Macedonia Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Denmark than North Macedonia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage North Macedonia - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Denmark in the exports of Transportation ($25.6M), Textiles ($6.21M), and Machines ($3.05M).

During 2017, Denmark had a large net trade with North Macedonia in the exports of Chemical Products ($17M), Machines ($8.07M), and Foodstuffs ($2.87M).

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 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

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Denmark ()

North Macedonia Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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