2022
Exports
$795kWorld Rnk 83 / 149
Flag Rnk 318 / 1022
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$13.7MWorld Rnk 119 / 208
Flag Rnk 161 / 1137
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $795k in Palm Oil, making it the 83rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 318th most exported product in North Macedonia. The main destination of Palm Oil exports from North Macedonia are: Serbia ($671k), Croatia ($77.3k), and Albania ($46.3k).

The fastest growing export markets for Palm Oil of North Macedonia between 2021 and 2022 were Croatia ($77.3k) and Albania ($8.29k).

Imports In 2022, North Macedonia imported $13.7M in Palm Oil, becoming the 119th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 161st most imported product in North Macedonia. North Macedonia imports Palm Oil primarily from: Indonesia ($8.09M), Malaysia ($2.85M), Greece ($1.21M), Egypt ($488k), and Netherlands ($425k).

The fastest growing import markets in Palm Oil for North Macedonia between 2021 and 2022 were Indonesia ($3.6M), Greece ($690k), and Malaysia ($238k).

Latest Trends

Oct 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 Palm Oil. 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)$795k
IMPORTS (2022)$13.7M
NET TRADE (2022)-$12.9M

In 2022, North Macedonia exported $795k in Palm Oil. The main destinations of North Macedonia exports on Palm Oil were Serbia ($671k), Croatia ($77.3k), and Albania ($46.3k).

In 2022, North Macedonia imported $13.7M in Palm Oil, mainly from Indonesia ($8.09M), Malaysia ($2.85M), Greece ($1.21M), Egypt ($488k), and Netherlands ($425k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Croatia$77.3k (1%)
Albania$8.29k (21.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY North Macedonia WERE (2021 - 2022):
Serbia-$21.9k (-3.16%)
Montenegro-$1.17k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, North Macedonia's main exporting competitors in Palm Oil were:
In 2022, North Macedonia's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCroatia+ $8.59k
TOP IMPORT POTENTIALIndonesia+ $1.96M

Palm Oil’s highest export potential is Croatia. With an export gap of $8.59k.   Palm Oil’s highest import potential is Indonesia with an import gap of $1.96M.

See methodology.

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