2022
Exports | Imports
$151M | $1.2BWorld Rnk 94 / 214
Flag Rnk 11 / 1022
World Rnk 103 / 225
Flag Rnk 2 / 1137
2022
ECONOMIC COMPLEXITY of North Macedonia
0.16Rnk 52 / 124
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 800 / 1025

About

Exports In 2022, North Macedonia exported $151M in Refined Petroleum, making it the 94th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 11th most exported product in North Macedonia. The main destination of Refined Petroleum exports from North Macedonia are: Serbia ($111M), Hungary ($20.6M), United Kingdom ($5.7M), Albania ($4.1M), and Germany ($2.39M).

The fastest growing export markets for Refined Petroleum of North Macedonia between 2021 and 2022 were Serbia ($35.9M), Hungary ($12.4M), and Albania ($3.34M).

Imports In 2022, North Macedonia imported $1.2B in Refined Petroleum, becoming the 103rd 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 ($1.05B), Bulgaria ($97.3M), Saudi Arabia ($11M), Russia ($10.3M), and Serbia ($9.76M).

The fastest growing import markets in Refined Petroleum for North Macedonia between 2021 and 2022 were Greece ($523M), Bulgaria ($43.4M), and Russia ($8.31M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Refined Petroleum from North Macedonia to the United States.

Latest Trends

Feb 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 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 (2022)$151M
IMPORTS (2022)$1.2B
NET TRADE (2022)-$1.05B

In 2022, North Macedonia exported $151M in Refined Petroleum. The main destinations of North Macedonia exports on Refined Petroleum were Serbia ($111M), Hungary ($20.6M), United Kingdom ($5.7M), Albania ($4.1M), and Germany ($2.39M).

In 2022, North Macedonia imported $1.2B in Refined Petroleum, mainly from Greece ($1.05B), Bulgaria ($97.3M), Saudi Arabia ($11M), Russia ($10.3M), and Serbia ($9.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Serbia$35.9M (47.6%)
Hungary$12.4M (150%)
Albania$3.34M (439%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY North Macedonia WERE (2021 - 2022):
Bosnia and Herzegovina-$66.1k (-91.4%)
United Arab Emirates-$40.5k (-51.2%)
Greece-$23.3k (-71.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

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