2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
GDP PC 
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

North Macedonia-Estonia Trade: In 2022, North Macedonia exported $2.34M to Estonia. The main products that North Macedonia exported to Estonia were Insulated Wire ($446k), Printed Circuit Boards ($354k), and Non-Knit Women's Suits ($240k). Over the past 5 years the exports of North Macedonia to Estonia have decreased at an annualized rate of 13.3%, from $4.79M in 2017 to $2.34M in 2022.

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

Estonia-North Macedonia Trade: In 2022, Estonia exported $3.53M to North Macedonia. The main products that Estonia exported to North Macedonia were Tractors ($383k), Low-voltage Protection Equipment ($296k), and Insulated Wire ($289k). Over the past 5 years the exports of Estonia to North Macedonia have increased at an annualized rate of 4.48%,  from $2.18M in 2017 to $3.53M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $2.34M to Estonia. The main products exported from North Macedonia to Estonia were Insulated Wire ($446k), Printed Circuit Boards ($354k), and Non-Knit Women's Suits ($240k). During the last 5 years the exports of North Macedonia to Estonia have decreased at an annualized rate of 13.3%, from $4.79M in 2017 to $2.34M in 2022.

In 2017, Estonia exported $3.53M to North Macedonia. The main products exported from Estonia to North Macedonia were Tractors ($383k), Low-voltage Protection Equipment ($296k), and Insulated Wire ($289k). During the last 5 years the exports of Estonia to North Macedonia have increased at an annualized rate of 4.48%, from $2.18M in 2022 to $3.53M in 2017.

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

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

Latest Data

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

North Macedonia Exports

Estonia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Estonia
Top Destination
Finland$3B

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

In 2022, countries that imported more from North Macedonia than Estonia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Estonia than North Macedonia included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage North Macedonia - Estonia

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Estonia in the exports of Machines ($880k), Vegetable Products ($683k), and Textiles ($335k).

During 2017, Estonia had a large net trade with North Macedonia in the exports of Machines ($1.18M), Transportation ($489k), and Foodstuffs ($401k).

Economic Complexity

Competitive Landscape

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

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

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