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2022
Flag → Flag
Exports $366kRnk 88 / 155
2022
Flag → Flag
Top Product $137kRaw Tobacco
2022
Flag → Flag
Exports $17.2MRnk 55 / 168
2022
Flag → Flag
Top Product $9.72MOther Leather Articles
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

North Macedonia-Uruguay Trade: In 2022, North Macedonia exported $366k to Uruguay. The main products that North Macedonia exported to Uruguay were Raw Tobacco ($137k), Other Printed Material ($119k), and Photographic Paper ($77k). Over the past 5 years the exports of North Macedonia to Uruguay have decreased at an annualized rate of 42.9%, from $6.01M in 2017 to $366k in 2022.

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

Uruguay-North Macedonia Trade: In 2022, Uruguay exported $17.2M to North Macedonia. The main products that Uruguay exported to North Macedonia were Other Leather Articles ($9.72M), Seats ($7.19M), and Non-fillet Frozen Fish ($130k). Over the past 5 years the exports of Uruguay to North Macedonia have increased at an annualized rate of 4.07%,  from $11.1M in 2017 to $17.2M in 2022.

In 2022, Uruguay 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, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $366k to Uruguay. The main products exported from North Macedonia to Uruguay were Raw Tobacco ($137k), Other Printed Material ($119k), and Photographic Paper ($77k). During the last 5 years the exports of North Macedonia to Uruguay have decreased at an annualized rate of 42.9%, from $6.01M in 2017 to $366k in 2022.

In 2017, Uruguay exported $17.2M to North Macedonia. The main products exported from Uruguay to North Macedonia were Other Leather Articles ($9.72M), Seats ($7.19M), and Non-fillet Frozen Fish ($130k). During the last 5 years the exports of Uruguay to North Macedonia have increased at an annualized rate of 4.07%, from $11.1M in 2022 to $17.2M in 2017.

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

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

Latest Data

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

North Macedonia Exports

Uruguay Exports

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$3.96B
Uruguay
Top DestinationChina$2.89B

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

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

In 2022, countries that imported more from Uruguay than North Macedonia included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

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

Comparative Advantage North Macedonia - Uruguay

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Uruguay in the exports of Foodstuffs ($137k), Paper Goods ($119k), and Chemical Products ($84.2k).

During 2017, Uruguay had a large net trade with North Macedonia in the exports of Animal Hides ($9.77M), Miscellaneous ($7.19M), and Animal Products ($148k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Uruguay+$72.1kRaw Tobacco
Top Product Potential Uruguay North Macedonia+$51.6kLeather of Other Animals

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

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

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