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Exports In 2023, North Macedonia exported $614M in Electricity, making it the 29th largest exporter of Electricity in the world. At the same year, Electricity was the 3rd most exported product in North Macedonia. The main destination of Electricity exports from North Macedonia are: Greece ($273M), Bulgaria ($162M), Serbia ($91.5M), Albania ($45.8M), and Switzerland ($26.8M).

The fastest growing export markets for Electricity of North Macedonia between 2022 and 2023 were Bulgaria ($140M), Albania ($41.4M), and Switzerland ($17.5M).

Imports In 2023, North Macedonia imported $262M in Electricity, becoming the 41st largest importer of Electricity in the world. At the same year, Electricity was the 7th most imported product in North Macedonia. North Macedonia imports Electricity primarily from: Serbia ($94.9M), Bulgaria ($90.3M), Hungary ($35.3M), Greece ($18.9M), and Luxembourg ($14.1M).

The fastest growing import markets in Electricity for North Macedonia between 2022 and 2023 were Slovenia ($1.23M), Czechia ($634k), and Montenegro ($126k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$614M
IMPORTS (2023)$262M
NET TRADE (2023)$352M

In 2023, North Macedonia exported $614M in Electricity. The main destinations of North Macedonia exports on Electricity were Greece ($273M), Bulgaria ($162M), Serbia ($91.5M), Albania ($45.8M), and Switzerland ($26.8M).

In 2023, North Macedonia imported $262M in Electricity, mainly from Serbia ($94.9M), Bulgaria ($90.3M), Hungary ($35.3M), Greece ($18.9M), and Luxembourg ($14.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Bulgaria$140M (649%)
Albania$41.4M (939%)
Switzerland$17.5M (186%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY North Macedonia WERE (2022 - 2023):
Greece-$155M (-36.2%)
Serbia-$11.7M (-11.4%)
Luxembourg-$11M (-47.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, North Macedonia's main exporting competitors in Electricity were:
In 2023, North Macedonia's main importing competitors in Electricity were:

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSwitzerland+ $7.68M
TOP IMPORT POTENTIALAlbania+ $3.4M

Electricity’s highest export potential is Switzerland. With an export gap of $7.68M.   Electricity’s highest import potential is Albania with an import gap of $3.4M.

See methodology.

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