2022
Exports
$138MWorld Rnk 71 / 223
Flag Rnk 13 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$249MWorld Rnk 116 / 226
Flag Rnk 10 / 96
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $138M in Pharmaceutical products, making it the 71st largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 13th most exported product in North Macedonia. The main destination of Pharmaceutical products exports from North Macedonia are: Serbia ($36.9M), Russia ($28.3M), Slovenia ($26.6M), Bosnia and Herzegovina ($14.5M), and Ukraine ($4.97M).

The fastest growing export markets for Pharmaceutical products of North Macedonia between 2021 and 2022 were Russia ($9.09M), Slovenia ($6.39M), and Poland ($1.25M).

Imports In 2022, North Macedonia imported $249M in Pharmaceutical products, becoming the 116th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 10th most imported product in North Macedonia. North Macedonia imports Pharmaceutical products primarily from: Slovenia ($53.9M), Germany ($31.8M), Switzerland ($21M), Serbia ($14.8M), and Denmark ($14.8M).

The fastest growing import markets in Pharmaceutical products for North Macedonia between 2021 and 2022 were Slovenia ($6.24M), Serbia ($859k), and Turkey ($798k).

Latest Trends

Sep 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 Pharmaceutical products. 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)$138M
IMPORTS (2022)$249M
NET TRADE (2022)-$112M

In 2022, North Macedonia exported $138M in Pharmaceutical products. The main destinations of North Macedonia exports on Pharmaceutical products were Serbia ($36.9M), Russia ($28.3M), Slovenia ($26.6M), Bosnia and Herzegovina ($14.5M), and Ukraine ($4.97M).

In 2022, North Macedonia imported $249M in Pharmaceutical products, mainly from Slovenia ($53.9M), Germany ($31.8M), Switzerland ($21M), Serbia ($14.8M), and Denmark ($14.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Russia$9.09M (47.3%)
Slovenia$6.39M (31.6%)
Poland$1.25M (97.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY North Macedonia WERE (2021 - 2022):
Serbia-$7.08M (-16.1%)
Croatia-$4.03M (-91.6%)
Ukraine-$1.94M (-28%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, North Macedonia's main exporting competitors in Pharmaceutical products were:
In 2022, North Macedonia's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $11.2M
TOP IMPORT POTENTIALGermany+ $20.9M

Pharmaceutical products’s highest export potential is Russia. With an export gap of $11.2M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $20.9M.

See methodology.

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