2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP
$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH
-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC 
$8,624CURRENT US$
Rnk 92 / 195
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC
$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH
-32.1%CURRENT US$
Rnk 187 / 195

About

North Macedonia-Kuwait Trade: In 2023, North Macedonia exported $1.12M to Kuwait. The main products that North Macedonia exported to Kuwait were Knit Sweaters ($191k), Trailers and semi-trailers, not mechanically propelled vehicles ($170k), and Knit T-shirts ($133k). Over the past 5 years the exports of North Macedonia to Kuwait have increased at an annualized rate of 3.95%, from $920k in 2018 to $1.12M in 2023.

In 2023, North Macedonia did not export any services to Kuwait.

Kuwait-North Macedonia Trade: In 2023, Kuwait exported $447k to North Macedonia. The main products that Kuwait exported to North Macedonia were Ethylene Polymers ($317k), Propylene Polymers ($117k), and Used Clothing ($7.17k). Over the past 5 years the exports of Kuwait to North Macedonia have increased at an annualized rate of 23.8%,  from $154k in 2018 to $447k in 2023.

In 2023, Kuwait did not export any services to North Macedonia.

Comparison In 2023,  North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Macedonia exported $1.12M to Kuwait. The main products exported from North Macedonia to Kuwait were Knit Sweaters ($191k), Trailers and semi-trailers, not mechanically propelled vehicles ($170k), and Knit T-shirts ($133k). During the last 5 years the exports of North Macedonia to Kuwait have increased at an annualized rate of 3.95%, from $920k in 2018 to $1.12M in 2023.

In 2018, Kuwait exported $447k to North Macedonia. The main products exported from Kuwait to North Macedonia were Ethylene Polymers ($317k), Propylene Polymers ($117k), and Used Clothing ($7.17k). During the last 5 years the exports of Kuwait to North Macedonia have increased at an annualized rate of 23.8%, from $154k in 2023 to $447k in 2018.

Exports from North Macedonia (Flag) to Kuwait (Flag) (2023)

Exports from Kuwait (Flag) to North Macedonia (Flag) (2023)

Latest Data

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

North Macedonia Exports

Kuwait Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$4B
Kuwait
Top Destination
China$17.4B

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

In 2023, countries that imported more from North Macedonia than Kuwait included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

In 2023, countries that imported more from Kuwait than North Macedonia included China ($17.4B), India ($9.51B), and Japan ($9.13B).

Difference in imports from Kuwait (Flag) and North Macedonia (Flag) (2023)

Comparative Advantage North Macedonia - Kuwait

Flow
Scale

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

During 2023, North Macedonia had a large net trade with Kuwait in the exports of Textiles ($528k), Transportation ($336k), and Machines ($107k).

During 2018, Kuwait had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($436k) and Textiles ($10.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Kuwait+$452kNon-Knit Women's Suits
Top Product Potential Kuwait North Macedonia+$337kEthylene Polymers

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

Product Space of North Macedonia (Flag) and Kuwait (Flag) (2023)

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