2022
Exports
$213kWorld Rnk 73 / 123
Flag Rnk 474 / 1022
2022
PRODUCT COMPLEXITY IN Petroleum Resins
1.53Rnk 46 / 1025
2022
Imports
$6.53MWorld Rnk 65 / 197
Flag Rnk 268 / 1137
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $213k in Petroleum Resins, making it the 73rd largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 474th most exported product in North Macedonia. The main destination of Petroleum Resins exports from North Macedonia are: Italy ($188k), Greece ($21.7k), Albania ($1.4k), Croatia ($834), and Serbia ($326).

The fastest growing export markets for Petroleum Resins of North Macedonia between 2021 and 2022 were Italy ($188k), Croatia ($390), and Serbia ($326).

Imports In 2022, North Macedonia imported $6.53M in Petroleum Resins, becoming the 65th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 268th most imported product in North Macedonia. North Macedonia imports Petroleum Resins primarily from: China ($4.02M), Austria ($1.98M), Belgium ($189k), Turkey ($93.2k), and Germany ($63.2k).

The fastest growing import markets in Petroleum Resins for North Macedonia between 2021 and 2022 were China ($3.67M), Austria ($1.12M), and Bulgaria ($56k).

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 Petroleum Resins. 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)$213k
IMPORTS (2022)$6.53M
NET TRADE (2022)-$6.32M

In 2022, North Macedonia exported $213k in Petroleum Resins. The main destinations of North Macedonia exports on Petroleum Resins were Italy ($188k), Greece ($21.7k), Albania ($1.4k), Croatia ($834), and Serbia ($326).

In 2022, North Macedonia imported $6.53M in Petroleum Resins, mainly from China ($4.02M), Austria ($1.98M), Belgium ($189k), Turkey ($93.2k), and Germany ($63.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Italy$188k (1%)
Croatia$390 (87.8%)
Serbia$326 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY North Macedonia WERE (2021 - 2022):
Greece-$937 (-4.14%)
Albania-$301 (-17.7%)
Austria-$5 (-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 Petroleum Resins were:
In 2022, North Macedonia's main importing competitors in Petroleum Resins were:

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $78.3k
TOP IMPORT POTENTIALGermany+ $120k

Petroleum Resins’s highest export potential is Italy. With an export gap of $78.3k.   Petroleum Resins’s highest import potential is Germany with an import gap of $120k.

See methodology.

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