North Macedonia (MKD) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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North Macedonia-Indonesia Trade: In 2022, North Macedonia exported $1.77M to Indonesia. The main products that North Macedonia exported to Indonesia were Explosive Ammunition ($1.16M), Raw Tobacco ($277k), and Jams ($117k). Over the past 5 years the exports of North Macedonia to Indonesia have decreased at an annualized rate of 20.8%, from $5.67M in 2017 to $1.77M in 2022.

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

Indonesia-North Macedonia Trade: In 2022, Indonesia exported $37.8M to North Macedonia. The main products that Indonesia exported to North Macedonia were Palm Oil ($8.09M), Coal Briquettes ($5.94M), and Video Displays ($2.36M). Over the past 5 years the exports of Indonesia to North Macedonia have increased at an annualized rate of 6.98%, from $20.6M in 2017 to $37.8M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $1.77M to Indonesia. The main products exported from North Macedonia to Indonesia were Explosive Ammunition ($1.16M), Raw Tobacco ($277k), and Jams ($117k). During the last 5 years the exports of North Macedonia to Indonesia have decreased at an annualized rate of 20.8%, from $5.67M in 2017 to $1.77M in 2022.

In 2017, Indonesia exported $37.8M to North Macedonia. The main products exported from Indonesia to North Macedonia were Palm Oil ($8.09M), Coal Briquettes ($5.94M), and Video Displays ($2.36M). During the last 5 years the exports of Indonesia to North Macedonia have increased at an annualized rate of 6.98%, from $20.6M in 2022 to $37.8M in 2017.

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

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

Latest Data

Trade between North Macedonia () and Indonesia ()

North Macedonia Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Indonesia
Top DestinationChina$67.7B

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

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

In 2022, countries that imported more from Indonesia than North Macedonia included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Comparative Advantage North Macedonia - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Indonesia in the exports of Weapons ($1.16M), Foodstuffs ($430k), and Machines ($67.1k).

During 2017, Indonesia had a large net trade with North Macedonia in the exports of Animal and Vegetable Bi-Products ($10M), Machines ($6.6M), and Mineral Products ($5.94M).

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 Indonesia+$573kRaw Tobacco

Top Product Potential Indonesia North Macedonia+$3.46MCoal Briquettes

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Indonesia ()

North Macedonia Exports

Indonesia Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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