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Pricing

2023
Flag → Flag
Exports $179MRnk 13 / 160
2023
Flag → Flag
Top Product $42.1MReaction and Catalytic Products
2023
Flag → Flag
Exports $1.52BRnk 39 / 223
2023
Flag → Flag
Top Product $1.14BPlatinum
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $8,624CURRENT US$
Rnk 92 / 195
2013-2023
Flag
GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

North Macedonia-United Kingdom Trade: In 2023, North Macedonia exported $179M to United Kingdom. The main products that North Macedonia exported to United Kingdom were Reaction and Catalytic Products ($42.1M), Seats ($22.1M), and Mattresses ($14M). Over the past 5 years the exports of North Macedonia to United Kingdom have increased at an annualized rate of 7.1%, from $127M in 2018 to $179M in 2023.

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

United Kingdom-North Macedonia Trade: In 2023, United Kingdom exported $1.52B to North Macedonia. The main products that United Kingdom exported to North Macedonia were Platinum ($1.14B), Precious Metal Compounds ($260M), and Reaction and Catalytic Products ($9.45M). Over the past 5 years the exports of United Kingdom to North Macedonia have increased at an annualized rate of 11.7%,  from $875M in 2018 to $1.52B in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Macedonia exported $179M to United Kingdom. The main products exported from North Macedonia to United Kingdom were Reaction and Catalytic Products ($42.1M), Seats ($22.1M), and Mattresses ($14M). During the last 5 years the exports of North Macedonia to United Kingdom have increased at an annualized rate of 7.1%, from $127M in 2018 to $179M in 2023.

In 2018, United Kingdom exported $1.52B to North Macedonia. The main products exported from United Kingdom to North Macedonia were Platinum ($1.14B), Precious Metal Compounds ($260M), and Reaction and Catalytic Products ($9.45M). During the last 5 years the exports of United Kingdom to North Macedonia have increased at an annualized rate of 11.7%, from $875M in 2023 to $1.52B in 2018.

Exports from North Macedonia (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to North Macedonia (Flag) (2023)

Latest Data

Trade between North Macedonia (Flag) and United Kingdom (Flag)

North Macedonia Exports

United Kingdom Exports

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$4B
United Kingdom
Top DestinationUnited States$59.7B

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

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

In 2023, countries that imported more from United Kingdom than North Macedonia included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and North Macedonia (Flag) (2023)

Comparative Advantage North Macedonia - United Kingdom

Flow
Scale

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

During 2023, North Macedonia had a large net trade with United Kingdom in the exports of Chemical Products ($47.3M), Miscellaneous ($37.4M), and Machines ($30.1M).

During 2018, United Kingdom had a large net trade with North Macedonia in the exports of Precious Metals ($1.14B), Chemical Products ($292M), and Machines ($29.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia United Kingdom+$10.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential United Kingdom North Macedonia+$6.12MCars

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

Product Space of North Macedonia (Flag) and United Kingdom (Flag) (2023)

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