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Pricing

2022
Flag → Flag
Exports $277MRnk 6 / 155
2022
Flag → Flag
Top Product $70.6MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $441MRnk 38 / 205
2022
Flag → Flag
Top Product $48.6MInsulated Wire
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

North Macedonia-Hungary Trade: In 2022, North Macedonia exported $277M to Hungary. The main products that North Macedonia exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($70.6M), Electric Heaters ($37.1M), and Insulated Wire ($34.2M). Over the past 5 years the exports of North Macedonia to Hungary have increased at an annualized rate of 31.1%, from $71.5M in 2017 to $277M in 2022.

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

Hungary-North Macedonia Trade: In 2022, Hungary exported $441M to North Macedonia. The main products that Hungary exported to North Macedonia were Insulated Wire ($48.6M), Electricity ($46.6M), and Laboratory Ceramic Ware ($31.7M). Over the past 5 years the exports of Hungary to North Macedonia have increased at an annualized rate of 6.15%,  from $327M in 2017 to $441M in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $277M to Hungary. The main products exported from North Macedonia to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($70.6M), Electric Heaters ($37.1M), and Insulated Wire ($34.2M). During the last 5 years the exports of North Macedonia to Hungary have increased at an annualized rate of 31.1%, from $71.5M in 2017 to $277M in 2022.

In 2017, Hungary exported $441M to North Macedonia. The main products exported from Hungary to North Macedonia were Insulated Wire ($48.6M), Electricity ($46.6M), and Laboratory Ceramic Ware ($31.7M). During the last 5 years the exports of Hungary to North Macedonia have increased at an annualized rate of 6.15%, from $327M in 2022 to $441M in 2017.

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

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

Latest Data

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

North Macedonia Exports

Hungary Exports

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$3.96B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from North Macedonia than Hungary included Albania ($115M) and Belize ($142k).

In 2022, countries that imported more from Hungary than North Macedonia included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

Comparative Advantage North Macedonia - Hungary

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Hungary in the exports of Machines ($117M), Transportation ($71.3M), and Mineral Products ($26M).

During 2017, Hungary had a large net trade with North Macedonia in the exports of Machines ($166M), Mineral Products ($48.7M), and Plastics and Rubbers ($41M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Hungary+$8.43MInsulated Wire
Top Product Potential Hungary North Macedonia+$6.52MCars

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

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

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