North Macedonia (MKD) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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 7.59%, 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 7.59%, from $11.1M in 2022 to $17.2M in 2017.

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

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

Latest Data

Trade between North Macedonia () and Uruguay ()

North Macedonia Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Uruguay ()

North Macedonia Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Uruguay

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring