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Pricing

2022
Flag → Flag
Exports $1.17MRnk 71 / 155
2022
Flag → Flag
Top Product $558kElectric Batteries
2022
Flag → Flag
Exports $19.7MRnk 39 / 127
2022
Flag → Flag
Top Product $12.3MEthylene Polymers
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

North Macedonia-Iran Trade: In 2022, North Macedonia exported $1.17M to Iran. The main products that North Macedonia exported to Iran were Electric Batteries ($558k), Sawn Wood ($429k), and Low-voltage Protection Equipment ($176k). Over the past 5 years the exports of North Macedonia to Iran have decreased at an annualized rate of 0.96%, from $1.23M in 2017 to $1.17M in 2022.

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

Iran-North Macedonia Trade: In 2022, Iran exported $19.7M to North Macedonia. The main products that Iran exported to North Macedonia were Ethylene Polymers ($12.3M), Styrene Polymers ($4.74M), and Tropical Fruits ($615k). Over the past 5 years the exports of Iran to North Macedonia have increased at an annualized rate of 25.2%,  from $5.12M in 2017 to $19.7M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $1.17M to Iran. The main products exported from North Macedonia to Iran were Electric Batteries ($558k), Sawn Wood ($429k), and Low-voltage Protection Equipment ($176k). During the last 5 years the exports of North Macedonia to Iran have decreased at an annualized rate of 0.96%, from $1.23M in 2017 to $1.17M in 2022.

In 2017, Iran exported $19.7M to North Macedonia. The main products exported from Iran to North Macedonia were Ethylene Polymers ($12.3M), Styrene Polymers ($4.74M), and Tropical Fruits ($615k). During the last 5 years the exports of Iran to North Macedonia have increased at an annualized rate of 25.2%, from $5.12M in 2022 to $19.7M in 2017.

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

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

Latest Data

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

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$3.96B
Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than North Macedonia included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage North Macedonia - Iran

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Iran in the exports of Machines ($743k) and Wood Products ($429k).

During 2017, Iran had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($17.4M), Vegetable Products ($836k), and Chemical Products ($636k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Iran+$377kElectric Batteries
Top Product Potential Iran North Macedonia+$374kRefined Petroleum

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

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

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