2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 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
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

North Macedonia-Italy Trade: In 2022, North Macedonia exported $307M to Italy. The main products that North Macedonia exported to Italy were Hot-Rolled Iron ($40.9M), Other Heating Machinery ($37.4M), and Electric Batteries ($31.1M). Over the past 5 years the exports of North Macedonia to Italy have increased at an annualized rate of 20.5%, from $121M in 2017 to $307M in 2022.

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

Italy-North Macedonia Trade: In 2022, Italy exported $399M to North Macedonia. The main products that Italy exported to North Macedonia were Machinery Having Individual Functions ($12.1M), Packaged Medicaments ($10.9M), and Coffee ($8.56M). Over the past 5 years the exports of Italy to North Macedonia have increased at an annualized rate of 2.37%,  from $355M in 2017 to $399M in 2022.

In 2009, Italy exported services to North Macedonia worth $45.3M, with Services not allocated ($22.6M), Travel ($14.9M), and Transportation ($4.47M) being the largest in terms of value.

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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $307M to Italy. The main products exported from North Macedonia to Italy were Hot-Rolled Iron ($40.9M), Other Heating Machinery ($37.4M), and Electric Batteries ($31.1M). During the last 5 years the exports of North Macedonia to Italy have increased at an annualized rate of 20.5%, from $121M in 2017 to $307M in 2022.

In 2017, Italy exported $399M to North Macedonia. The main products exported from Italy to North Macedonia were Machinery Having Individual Functions ($12.1M), Packaged Medicaments ($10.9M), and Coffee ($8.56M). During the last 5 years the exports of Italy to North Macedonia have increased at an annualized rate of 2.37%, from $355M in 2022 to $399M in 2017.

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

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

Latest Data

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

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Italy
Top Destination
Germany$78.5B

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

In 2022, no countries were registered that imported more from North Macedonia than from Italy.

In 2022, countries that imported more from Italy than North Macedonia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage North Macedonia - Italy

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Italy in the exports of Metals ($120M), Machines ($74.2M), and Plastics and Rubbers ($20.7M).

During 2017, Italy had a large net trade with North Macedonia in the exports of Machines ($99.9M), Metals ($49.9M), and Textiles ($40.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Italy+$14.2MHot-Rolled Iron
Top Product Potential Italy North Macedonia+$10.4MRefined 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 Italy. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over North Macedonia.

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

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