North Macedonia / Serbia

North Macedonia-Serbia Trade: In 2023, North Macedonia exported $827M to Serbia. The main products that North Macedonia exported to Serbia were Electricity ($91.5M), Refined Petroleum ($84.1M), and Packaged Medicaments ($41.7M). Over the past 5 years the exports of North Macedonia to Serbia have increased at an annualized rate of 9.91%, from $515M in 2018 to $827M in 2023.

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

Serbia-North Macedonia Trade: In 2023, Serbia exported $932M to North Macedonia. The main products that Serbia exported to North Macedonia were Electricity ($94.9M), Insulated Wire ($69.4M), and Flavored Water ($26M). Over the past 5 years the exports of Serbia to North Macedonia have increased at an annualized rate of 5.03%,  from $729M in 2018 to $932M in 2023.

In 2009, Serbia exported services to North Macedonia worth $39M, with Other business services ($12.3M), Transportation ($5.13M), and Communications services ($4.12M) being the largest in terms of value.

Comparison In 2023,  North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).