North Macedonia / Serbia

North Macedonia-Serbia Trade: In 2022, North Macedonia exported $800M to Serbia. The main products that North Macedonia exported to Serbia were Refined Petroleum ($111M), Electricity ($73M), and Coated Flat-Rolled Iron ($41.3M). Over the past 5 years the exports of North Macedonia to Serbia have increased at an annualized rate of 40.2%, from $148M in 2017 to $800M in 2022.

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

Serbia-North Macedonia Trade: In 2022, Serbia exported $1.03B to North Macedonia. The main products that Serbia exported to North Macedonia were Electricity ($154M), Insulated Wire ($76.3M), and Hot-Rolled Iron ($37M). Over the past 5 years the exports of Serbia to North Macedonia have increased at an annualized rate of 9.79%,  from $645M in 2017 to $1.03B in 2022.

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 2022,  North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).