North Macedonia (MKD) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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North Macedonia-Mexico Trade: In 2023, North Macedonia exported $16.5M to Mexico. The main products that North Macedonia exported to Mexico were Electric Motors ($5.4M), Motor vehicles; parts and accessories (8701 to 8705) ($3.83M), and Low-voltage Protection Equipment ($3.56M). Over the past 5 years the exports of North Macedonia to Mexico have increased at an annualized rate of 21.4%, from $6.24M in 2018 to $16.5M in 2023.

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

Mexico-North Macedonia Trade: In 2023, Mexico exported $22.7M to North Macedonia. The main products that Mexico exported to North Macedonia were Laboratory Ceramic Ware ($6.23M), Low-voltage Protection Equipment ($1.61M), and Cars ($1.56M). Over the past 5 years the exports of Mexico to North Macedonia have decreased at an annualized rate of 6.07%, from $31M in 2018 to $22.7M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $16.5M to Mexico. The main products exported from North Macedonia to Mexico were Electric Motors ($5.4M), Motor vehicles; parts and accessories (8701 to 8705) ($3.83M), and Low-voltage Protection Equipment ($3.56M). During the last 5 years the exports of North Macedonia to Mexico have increased at an annualized rate of 21.4%, from $6.24M in 2018 to $16.5M in 2023.

In 2018, Mexico exported $22.7M to North Macedonia. The main products exported from Mexico to North Macedonia were Laboratory Ceramic Ware ($6.23M), Low-voltage Protection Equipment ($1.61M), and Cars ($1.56M). During the last 5 years the exports of Mexico to North Macedonia have decreased at an annualized rate of 6.07%, from $31M in 2023 to $22.7M in 2018.

Exports from North Macedonia () to Mexico () (2023)

Exports from Mexico () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Mexico ()

North Macedonia Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from North Macedonia than Mexico included Serbia ($827M), Bulgaria ($566M), and Greece ($542M).

In 2023, countries that imported more from Mexico than North Macedonia included United States ($456B), Canada ($33B), and China ($15B).

Difference in imports from Mexico () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Mexico in the exports of Machines ($11.4M), Transportation ($3.83M), and Wood Products ($503k).

During 2018, Mexico had a large net trade with North Macedonia in the exports of Machines ($9.61M), Stone And Glass ($6.25M), and Instruments ($1.73M).

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 Mexico+$8.5MInsulated Wire

Top Product Potential Mexico North Macedonia+$2.84MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Mexico () (2023)

Exports from Mexico () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Mexico ()

North Macedonia Exports

Mexico Exports

Market Competitiveness

Difference in imports from Mexico () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Mexico () (2023)

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