North Macedonia (MKD) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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North Macedonia-Singapore Trade: In 2023, North Macedonia exported $852k to Singapore. The main products that North Macedonia exported to Singapore were Motor vehicles; parts and accessories (8701 to 8705) ($232k), Electrical Capacitors ($82k), and Broadcasting Accessories ($61.5k). Over the past 5 years the exports of North Macedonia to Singapore have decreased at an annualized rate of 6.07%, from $1.17M in 2018 to $852k in 2023.

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

Singapore-North Macedonia Trade: In 2023, Singapore exported $6.4M to North Macedonia. The main products that Singapore exported to North Macedonia were Integrated Circuits ($1.68M), Other Plastic Products ($1.17M), and Medical Instruments ($566k). Over the past 5 years the exports of Singapore to North Macedonia have decreased at an annualized rate of 3.87%, from $7.79M in 2018 to $6.4M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $852k to Singapore. The main products exported from North Macedonia to Singapore were Motor vehicles; parts and accessories (8701 to 8705) ($232k), Electrical Capacitors ($82k), and Broadcasting Accessories ($61.5k). During the last 5 years the exports of North Macedonia to Singapore have decreased at an annualized rate of 6.07%, from $1.17M in 2018 to $852k in 2023.

In 2018, Singapore exported $6.4M to North Macedonia. The main products exported from Singapore to North Macedonia were Integrated Circuits ($1.68M), Other Plastic Products ($1.17M), and Medical Instruments ($566k). During the last 5 years the exports of Singapore to North Macedonia have decreased at an annualized rate of 3.87%, from $7.79M in 2023 to $6.4M in 2018.

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

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

Latest Data

Trade between North Macedonia () and Singapore ()

North Macedonia Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Singapore
Top DestinationHong Kong$44.5B

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

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

In 2023, countries that imported more from Singapore than North Macedonia included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage North Macedonia - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Singapore in the exports of Machines ($283k), Transportation ($251k), and Textiles ($164k).

During 2018, Singapore had a large net trade with North Macedonia in the exports of Machines ($2.75M), Plastics and Rubbers ($1.55M), and Instruments ($1.34M).

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 Singapore+$508kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Singapore North Macedonia+$2.9MIntegrated Circuits

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Singapore ()

North Macedonia Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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