2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP
$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH
56.8%CURRENT US$
Rnk 44 / 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
$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH
19.8%CURRENT US$
Rnk 90 / 186

About

North Macedonia-Senegal Trade: In 2022, North Macedonia exported $383k to Senegal. The main products that North Macedonia exported to Senegal were Unglazed Ceramics ($259k) and Stone Processing Machines ($125k). Over the past 5 years the exports of North Macedonia to Senegal have increased at an annualized rate of 294%, from $404 in 2017 to $383k in 2022.

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

Senegal-North Macedonia Trade: In 2022, Senegal exported $9.99k to North Macedonia. The main products that Senegal exported to North Macedonia were Processed Crustaceans ($6.47k), Non-fillet Frozen Fish ($1.43k), and Low-voltage Protection Equipment ($952). Over the past 5 years the exports of Senegal to North Macedonia have increased at an annualized rate of 68.8%,  from $730 in 2017 to $9.99k in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $383k to Senegal. The main products exported from North Macedonia to Senegal were Unglazed Ceramics ($259k) and Stone Processing Machines ($125k). During the last 5 years the exports of North Macedonia to Senegal have increased at an annualized rate of 294%, from $404 in 2017 to $383k in 2022.

In 2017, Senegal exported $9.99k to North Macedonia. The main products exported from Senegal to North Macedonia were Processed Crustaceans ($6.47k), Non-fillet Frozen Fish ($1.43k), and Low-voltage Protection Equipment ($952). During the last 5 years the exports of Senegal to North Macedonia have increased at an annualized rate of 68.8%, from $730 in 2022 to $9.99k in 2017.

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

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

Latest Data

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

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Senegal
Top Destination
Mali$1.13B

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

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

In 2022, countries that imported more from Senegal than North Macedonia included Mali ($1.13B), India ($1B), and Switzerland ($662M).

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

Comparative Advantage North Macedonia - Senegal

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Senegal in the exports of Stone And Glass ($259k) and Machines ($125k).

During 2017, Senegal had a large net trade with North Macedonia in the exports of Foodstuffs ($6.47k), Animal Products ($1.7k), and Machines ($1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Senegal+$36kStone Processing Machines
Top Product Potential Senegal North Macedonia+$16.5kMolluscs

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

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

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