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2023
Flag → Flag
Exports $265MRnk 63 / 137
2023
Flag → Flag
Top Product $241MPetroleum Gas
2023
Flag → Flag
Exports $48MRnk 27 / 160
2023
Flag → Flag
Top Product $41.1MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195

About

Russia-North Macedonia Trade: In 2023, Russia exported $265M to North Macedonia. The main products that Russia exported to North Macedonia were Petroleum Gas ($241M), Nitrogenous Fertilizers ($8.32M), and Aluminium Wire ($4.92M). Over the past 5 years the exports of Russia to North Macedonia have increased at an annualized rate of 15.3%, from $130M in 2018 to $265M in 2023.

In 2020, Russia exported services to North Macedonia worth $2.21M, with Other business services ($697k), Transportation ($543k), and Travel ($520k) being the largest in terms of value.

North Macedonia-Russia In N/A, North Macedonia did not export any products to Russia.

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

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $9.78M and imported $5.24M from North Macedonia, resulting in a positive trade balance of $4.54M. Between January 2021 and January 2022 the exports of Russia have increased by $8.19M (514%) from $1.59M to $9.78M, while imports decreased by $-1.64M (-23.8%) from $6.87M to $5.24M.

Trade In January 2022, the top exports of Russia to North Macedonia were Commodities not elsewhere specified ($1.42M), Raw Plastic Sheeting ($135k), Chemical Analysis Instruments ($15.7k), Packaged Medicaments ($10.8k), and Laboratory Reagents ($7.02k). In January 2022 the top imports of Russia from North Macedonia were Machinery Having Individual Functions ($2.33M), Apples and Pears ($1.68M), Packaged Medicaments ($456k), Electric Batteries ($355k), and Raw Tobacco ($265k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($8.95M), KURSK REGION ($287k), OREL REGION ($187k), STAVROPOL TERRITORY ($133k), and SMOLENSK REGION ($67.4k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($1.82M), MOSCOW REGION ($1.4M), KALININGRAD REGION ($851k), ST. PETERSBURG ($559k), and REPUBLIC OF TATARSTAN ($152k).

Growth In January 2022, the increase in Russia's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Packaged Medicaments ($10.8k or 40.9k%), Confectionery Sugar ($2.79k or 103%), and Other Edible Preparations ($594 or 131%). In January 2022, the decrease in Russia's year-by-year imports  from North Macedonia was explained primarily by an decrease in product imports  in Raw Tobacco ($-505k or -65.5%), Apples and Pears ($-476k or -22.1%), and Non-Knit Women's Suits ($-133k or -69.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$8.19M(514%)
IMPORT GROWTH (January 2021 - January 2022)$-1.64M(-23.8%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$8.95M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check North Macedonia and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore North Macedonia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $265M to North Macedonia. The main products exported from Russia to North Macedonia were Petroleum Gas ($241M), Nitrogenous Fertilizers ($8.32M), and Aluminium Wire ($4.92M). During the last 5 years the exports of Russia to North Macedonia have increased at an annualized rate of 15.3%, from $130M in 2018 to $265M in 2023.

North Macedonia does not register exports to Russia. The main products exported from North Macedonia to Russia were Packaged Medicaments ($41.1M), Other Vegetables ($4M), and Electric Batteries ($1.27M).

Exports from Russia (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from Russia than North Macedonia included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from North Macedonia than Russia included Albania ($150M), Croatia ($140M), and Germany ($4B).

Difference in imports from North Macedonia (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - North Macedonia

Flow
Scale

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

During 2023, Russia had a large net trade with North Macedonia in the exports of Mineral Products ($243M), Chemical Products ($13.3M), and Metals ($5.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia North Macedonia+$24MRefined Petroleum
Top Product Potential North Macedonia Russia+$11.2MPackaged Medicaments

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 Russia and North Macedonia. This means that a dot/product with the flag of Russia 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 Russia.

Product Space of Russia (Flag) and North Macedonia (Flag) (2023)

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