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Pricing

2022
Exports $5.12MWorld Rnk 62 / 128
Flag Rnk 154 / 1022
2022
Destination $5.1M United States
2021 - 2022
FASTEST GROWING MARKET $5.1MUnited States
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $86.7kWorld Rnk 81 / 130
Flag Rnk 936 / 1137
2022
Origin $1.95k Serbia
2021 - 2022
FASTEST GROWING ORIGIN $1.95kNetherlands
2022
ECONOMIC COMPLEXITY of North Macedonia0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $5.12M in Iron Ore, making it the 62nd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 154th most exported product in North Macedonia. The main destination of Iron Ore exports from North Macedonia are: United States ($5.1M) and Turkey ($18.7k).

The fastest growing export markets for Iron Ore of North Macedonia between 2021 and 2022 were United States ($5.1M) and Turkey ($18.7k).

Imports In 2022, North Macedonia imported $86.7k in Iron Ore, becoming the 81st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 936th most imported product in North Macedonia. North Macedonia imports Iron Ore primarily from: Serbia ($84.7k) and Netherlands ($1.95k).

The fastest growing import markets in Iron Ore for North Macedonia between 2021 and 2022 were Netherlands ($1.95k).

Latest Trends

Jul 2024

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 Iron Ore. 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 (2022)$5.12M
IMPORTS (2022)$86.7k
NET TRADE (2022)$5.04M

In 2022, North Macedonia exported $5.12M in Iron Ore. The main destinations of North Macedonia exports on Iron Ore were United States ($5.1M) and Turkey ($18.7k).

In 2022, North Macedonia imported $86.7k in Iron Ore, mainly from Serbia ($84.7k) and Netherlands ($1.95k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
United States$5.1M (1%)
Turkey$18.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY North Macedonia WERE (2021 - 2022):
United Arab Emirates-$750k (-100%)
Hungary-$3 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, North Macedonia's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, North Macedonia's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $75.5k
TOP IMPORT POTENTIALNetherlands+ $2.21k

Iron Ore’s highest export potential is Turkey. With an export gap of $75.5k.   Iron Ore’s highest import potential is Netherlands with an import gap of $2.21k.

See methodology.

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