Flag North Macedonia / South Korea Flag

2021
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Exports
: $7.4M, Rnk 42 / 155

2021
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Top Product
: $2.1M, Raw Tobacco

2021
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Exports
: $34.2M, Rnk 138 / 218

2021
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Top Product
: $3.45M, Cars

2021
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Economic Complexity (ECI)
: ECI 0.2, Rnk 54 / 131

2021
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Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
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GDP
: $13.9B, CURRENT US$
Rnk 128 / 182

2011-2021
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GDP GROWTH
: 32.3%, CURRENT US$
Rnk 81 / 182

2021
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 GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
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GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
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GDP PC 
: $6,721, CURRENT US$
Rnk 87 / 182

2011-2021
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GDP PC GROWTH
: 31.8%, CURRENT US$
Rnk 55 / 182

2021
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GDP PC
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
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GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

North Macedonia-South Korea In 2021, North Macedonia exported $7.4M to South Korea. The main products that North Macedonia exported to South Korea are Raw Tobacco ($2.1M), Reaction and Catalytic Products ($1.75M), and Machinery Having Individual Functions ($828k). During the last 26 years the exports of North Macedonia to South Korea have decreased at an annualized rate of 5.18%, from $29.5M in 1995 to $7.4M in 2021.

In 2021, North Macedonia did not export any services to South Korea.

South Korea-North Macedonia In 2021, South Korea exported $34.2M to North Macedonia. The main products that South Korea exported to North Macedonia were Cars ($3.45M), Air Conditioners ($3.16M), and Propylene Polymers ($2.38M). During the last 26 years the exports of South Korea to North Macedonia have increased at an annualized rate of 2.5%, from $18M in 1995 to $34.2M in 2021.

In 2021, South Korea did not export any services to North Macedonia.

Comparison In 2021,  North Macedonia ranked 54 in the Economic Complexity Index (ECI 0.2), and 103 in total exports ($8.62B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, North Macedonia exported $7.4M to South Korea. The main products exported from North Macedonia to South Korea were Raw Tobacco ($2.1M), Reaction and Catalytic Products ($1.75M), and Machinery Having Individual Functions ($828k). During the last 26 years the exports of North Macedonia to South Korea have decreased at an annualized rate of 5.18%, from $29.5M in 1995 to $7.4M in 2021.

In 2021, South Korea exported $34.2M to North Macedonia. The main products exported from South Korea to North Macedonia were Cars ($3.45M), Air Conditioners ($3.16M), and Propylene Polymers ($2.38M). During the last 26 years the exports of South Korea to North Macedonia have increased at an annualized rate of 2.5%, from $18M in 1995 to $34.2M in 2021.

North Macedonia Exports

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South Korea Exports

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Market Competitiveness

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Color

North Macedonia
Top Destination
: Germany, $3.85B

South Korea
Top Destination
: China, $158B

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

In 2021, countries that imported more from North Macedonia than South Korea were Serbia ($701M), Bulgaria ($405M), and Albania ($113M).

In 2021, countries that imported more from South Korea than North Macedonia were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

Comparative Advantage North Macedonia - South Korea

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Flow
Scale

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

During 2021, North Macedonia had a large net trade with South Korea in the exports of Foodstuffs ($2.52M), Chemical Products ($1.75M), and Machines ($1.27M).

During 2021, South Korea had a large net trade with North Macedonia in the exports of Machines ($12.1M), Plastics and Rubbers ($5.55M), and Textiles ($5.39M).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more North Macedonia has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over North Macedonia.