2022
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GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
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GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
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GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186
2022
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GDP PC
$6,591CURRENT US$
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2012-2022
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GDP PC GROWTH
39.4%CURRENT US$
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About

Romania-North Macedonia Trade: In 2022, Romania exported $251M to North Macedonia. The main products that Romania exported to North Macedonia were Hot-Rolled Iron ($65.3M), Insulated Wire ($21M), and Plastic Coated Textile Fabric ($14.1M). Over the past 5 years the exports of Romania to North Macedonia have increased at an annualized rate of 73.7%, from $15.9M in 2017 to $251M in 2022.

In 2011, Romania exported services to North Macedonia worth $4.27M, with Services not allocated ($2.14M), Travel ($916k), and Communications services ($916k) being the largest in terms of value.

North Macedonia-Romania Trade: In 2022, North Macedonia exported $145M to Romania. The main products that North Macedonia exported to Romania were Seats ($20.6M), Hot-Rolled Iron ($12.2M), and Raw Iron Bars ($10.8M). Over the past 5 years the exports of North Macedonia to Romania have increased at an annualized rate of 61%,  from $13.4M in 2017 to $145M in 2022.

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

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $251M to North Macedonia. The main products exported from Romania to North Macedonia were Hot-Rolled Iron ($65.3M), Insulated Wire ($21M), and Plastic Coated Textile Fabric ($14.1M). During the last 5 years the exports of Romania to North Macedonia have increased at an annualized rate of 73.7%, from $15.9M in 2017 to $251M in 2022.

In 2017, North Macedonia exported $145M to Romania. The main products exported from North Macedonia to Romania were Seats ($20.6M), Hot-Rolled Iron ($12.2M), and Raw Iron Bars ($10.8M). During the last 22 years the exports of North Macedonia to Romania have increased at an annualized rate of 61%, from $13.4M in 1995 to $145M in 2017.

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

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

Latest Data

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

Romania Exports

North Macedonia Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Romania than North Macedonia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from North Macedonia than Romania included Montenegro ($40.3M), Rwanda ($956k), and Democratic Republic of the Congo ($1.24M).

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

Comparative Advantage Romania - North Macedonia

Flow
Scale

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

During 2022, Romania had a large net trade with North Macedonia in the exports of Metals ($71.2M), Machines ($44.4M), and Textiles ($38.6M).

During 2017, North Macedonia had a large net trade with Romania in the exports of Metals ($47.2M), Miscellaneous ($23.5M), and Machines ($20.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania North Macedonia+$5.13MCars
Top Product Potential North Macedonia Romania+$8.84MInsulated Wire

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

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

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