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Exports In 2023, North Macedonia exported $701M in Insulated Wire, making it the 40th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 2nd most exported product in North Macedonia. The main destination of Insulated Wire exports from North Macedonia are: Germany ($295M), Spain ($121M), Slovakia ($72.9M), Hungary ($64.2M), and Austria ($46.3M).

The fastest growing export markets for Insulated Wire of North Macedonia between 2022 and 2023 were Spain ($15M), Slovakia ($9.23M), and Austria ($7.34M).

Imports In 2023, North Macedonia imported $289M in Insulated Wire, becoming the 61st largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 6th most imported product in North Macedonia. North Macedonia imports Insulated Wire primarily from: Serbia ($69.4M), Germany ($31.4M), Romania ($27.7M), Turkey ($19.2M), and Hungary ($17.5M).

The fastest growing import markets in Insulated Wire for North Macedonia between 2022 and 2023 were United Kingdom ($5.27M), Romania ($4.92M), and Croatia ($4.68M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Insulated Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$701M
IMPORTS (2023)$289M
NET TRADE (2023)$411M

In 2023, North Macedonia exported $701M in Insulated Wire. The main destinations of North Macedonia exports on Insulated Wire were Germany ($295M), Spain ($121M), Slovakia ($72.9M), Hungary ($64.2M), and Austria ($46.3M).

In 2023, North Macedonia imported $289M in Insulated Wire, mainly from Serbia ($69.4M), Germany ($31.4M), Romania ($27.7M), Turkey ($19.2M), and Hungary ($17.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Spain$15M (14.2%)
Slovakia$9.23M (14.5%)
Austria$7.34M (18.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY North Macedonia WERE (2022 - 2023):
Hungary-$49.4M (-43.5%)
Germany-$13.8M (-4.48%)
Mexico-$4.19M (-71.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $11.4M
TOP IMPORT POTENTIALChina+ $9.24M

Insulated Wire’s highest export potential is United States. With an export gap of $11.4M.   Insulated Wire’s highest import potential is China with an import gap of $9.24M.

See methodology.

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