2023
Exports
$100MWorld Rnk 110 / 214
Flag Rnk 15 / 1032
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$878MWorld Rnk 113 / 226
Flag Rnk 2 / 1141

About

Exports In 2023, North Macedonia exported $100M in Refined Petroleum, making it the 110th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 15th most exported product in North Macedonia. The main destination of Refined Petroleum exports from North Macedonia are: Serbia ($84.1M), Hungary ($5.13M), United Kingdom ($3.72M), Turkey ($1.64M), and Germany ($1.38M).

The fastest growing export markets for Refined Petroleum of North Macedonia between 2022 and 2023 were Serbia ($2.84M), Montenegro ($672k), and Bosnia and Herzegovina ($351k).

Imports In 2023, North Macedonia imported $878M in Refined Petroleum, becoming the 113th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in North Macedonia. North Macedonia imports Refined Petroleum primarily from: Greece ($732M), Bulgaria ($67.1M), Serbia ($13.3M), India ($11.5M), and Italy ($7.17M).

The fastest growing import markets in Refined Petroleum for North Macedonia between 2022 and 2023 were India ($11M), Turkmenistan ($6.94M), and Serbia ($6.1M).

Latest Trends

Jan 2025

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 Refined Petroleum. 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)$100M
IMPORTS (2023)$878M
NET TRADE (2023)-$778M

In 2023, North Macedonia exported $100M in Refined Petroleum. The main destinations of North Macedonia exports on Refined Petroleum were Serbia ($84.1M), Hungary ($5.13M), United Kingdom ($3.72M), Turkey ($1.64M), and Germany ($1.38M).

In 2023, North Macedonia imported $878M in Refined Petroleum, mainly from Greece ($732M), Bulgaria ($67.1M), Serbia ($13.3M), India ($11.5M), and Italy ($7.17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Serbia$2.84M (3.5%)
Montenegro$672k (146%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY North Macedonia WERE (2022 - 2023):
Hungary-$3.54M (-40.9%)
United Kingdom-$1.98M (-34.7%)
Germany-$1.01M (-42.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, North Macedonia's main exporting competitors in Refined Petroleum were:
In 2023, North Macedonia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $8.92M
TOP IMPORT POTENTIALRussia+ $24M

Refined Petroleum’s highest export potential is United Kingdom. With an export gap of $8.92M.   Refined Petroleum’s highest import potential is Russia with an import gap of $24M.

See methodology.

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