North Macedonia (MKD) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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North Macedonia-Mongolia Trade: In 2022, North Macedonia exported $831k to Mongolia. The main products that North Macedonia exported to Mongolia were Packaged Medicaments ($216k), Electrical Transformers ($123k), and Paper Containers ($106k). Over the past 5 years the exports of North Macedonia to Mongolia have decreased at an annualized rate of 18.5%, from $2.32M in 2017 to $831k in 2022.

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

Mongolia-North Macedonia Trade: In 2022, Mongolia exported $25 to North Macedonia. The main products that Mongolia exported to North Macedonia were N/A. Over the past 5 years the exports of Mongolia to North Macedonia have decreased at an annualized rate of 65.8%, from $5.35k in 2017 to $25 in 2022.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $831k to Mongolia. The main products exported from North Macedonia to Mongolia were Packaged Medicaments ($216k), Electrical Transformers ($123k), and Paper Containers ($106k). During the last 5 years the exports of North Macedonia to Mongolia have decreased at an annualized rate of 18.5%, from $2.32M in 2017 to $831k in 2022.

In 2016, Mongolia exported $25 to North Macedonia. There were not main exports from Mongolia to North Macedonia in 2016. During the last 5 years the exports of Mongolia to North Macedonia have decreased at an annualized rate of 65.8%, from $5.35k in 2021 to $25 in 2016.

Exports from North Macedonia () to Mongolia () (2022)

Exports from Mongolia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Mongolia ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Mongolia
Top DestinationChina$10.6B

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

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

In 2022, countries that imported more from Mongolia than North Macedonia included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Mongolia in the exports of Chemical Products ($216k), Plastics and Rubbers ($174k), and Machines ($125k).

During 2016, Mongolia had a large net trade with North Macedonia in the exports of .

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 Mongolia+$191kPackaged Medicaments

Top Product Potential Mongolia North Macedonia+$2.44kCoal Briquettes

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

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Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Mongolia () (2022)

Exports from Mongolia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Mongolia ()

North Macedonia Exports

Market Competitiveness

Difference in imports from Mongolia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Mongolia () (2022)

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