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Exports In 2023, North Macedonia exported $2.06M in Precious Metal Compounds, making it the 39th largest exporter of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 217th most exported product in North Macedonia. The main destination of Precious Metal Compounds exports from North Macedonia are: Germany ($1.22M), Turkey ($150k), Serbia ($150k), Switzerland ($143k), and Peru ($82.8k).

The fastest growing export markets for Precious Metal Compounds of North Macedonia between 2022 and 2023 were Turkey ($57.7k), United States ($33.6k), and South Africa ($29.8k).

Imports In 2023, North Macedonia imported $260M in Precious Metal Compounds, becoming the 10th largest importer of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 8th most imported product in North Macedonia. North Macedonia imports Precious Metal Compounds primarily from: United Kingdom ($260M), Germany ($564k), Belgium ($1.32k), United States ($1.15k), and France ($928).

The fastest growing import markets in Precious Metal Compounds for North Macedonia between 2022 and 2023 were Germany ($23.6k), United States ($1.15k), and Austria ($350).

Latest Trends

Dec 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 Precious Metal Compounds. 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)$2.06M
IMPORTS (2023)$260M
NET TRADE (2023)-$258M

In 2023, North Macedonia exported $2.06M in Precious Metal Compounds. The main destinations of North Macedonia exports on Precious Metal Compounds were Germany ($1.22M), Turkey ($150k), Serbia ($150k), Switzerland ($143k), and Peru ($82.8k).

In 2023, North Macedonia imported $260M in Precious Metal Compounds, mainly from United Kingdom ($260M), Germany ($564k), Belgium ($1.32k), United States ($1.15k), and France ($928).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Compounds EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Turkey$57.7k (62.7%)
United States$33.6k (237%)
South Africa$29.8k (218%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Compounds BY North Macedonia WERE (2022 - 2023):
Germany-$179k (-12.8%)
Costa Rica-$32.9k (-99%)
United Kingdom-$32.6k (-90.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
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In 2023, North Macedonia's main exporting competitors in Precious Metal Compounds were:
In 2023, North Macedonia's main importing competitors in Precious Metal Compounds were:

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Trade Value of Precious Metal Compounds by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $364k
TOP IMPORT POTENTIALGermany+ $1.31M

Precious Metal Compounds’s highest export potential is Germany. With an export gap of $364k.   Precious Metal Compounds’s highest import potential is Germany with an import gap of $1.31M.

See methodology.

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