2022
Exports
$42MWorld Rnk 46 / 214
Flag Rnk 33 / 1022
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$16MWorld Rnk 78 / 223
Flag Rnk 143 / 1137
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $42M in Thermostats, making it the 46th largest exporter of Thermostats in the world. At the same year, Thermostats was the 33rd most exported product in North Macedonia. The main destination of Thermostats exports from North Macedonia are: Finland ($34.4M), Hungary ($5.89M), Thailand ($1.23M), Australia ($127k), and Japan ($39.9k).

The fastest growing export markets for Thermostats of North Macedonia between 2021 and 2022 were Finland ($3.98M), Hungary ($647k), and Australia ($117k).

Imports In 2022, North Macedonia imported $16M in Thermostats, becoming the 78th largest importer of Thermostats in the world. At the same year, Thermostats was the 143rd most imported product in North Macedonia. North Macedonia imports Thermostats primarily from: Hungary ($7.4M), China ($2.22M), Italy ($1.8M), Chinese Taipei ($1.05M), and Serbia ($544k).

The fastest growing import markets in Thermostats for North Macedonia between 2021 and 2022 were Italy ($809k), China ($803k), and Switzerland ($138k).

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 Thermostats. 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)$42M
IMPORTS (2022)$16M
NET TRADE (2022)$26M

In 2022, North Macedonia exported $42M in Thermostats. The main destinations of North Macedonia exports on Thermostats were Finland ($34.4M), Hungary ($5.89M), Thailand ($1.23M), Australia ($127k), and Japan ($39.9k).

In 2022, North Macedonia imported $16M in Thermostats, mainly from Hungary ($7.4M), China ($2.22M), Italy ($1.8M), Chinese Taipei ($1.05M), and Serbia ($544k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Finland$3.98M (13.1%)
Hungary$647k (12.3%)
Australia$117k (1.26k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY North Macedonia WERE (2021 - 2022):
China-$2.55M (-100%)
Turkey-$617k (-96.6%)
Thailand-$273k (-18.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, North Macedonia's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, North Macedonia's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $969k
TOP IMPORT POTENTIALChina+ $1.14M

Thermostats’s highest export potential is Thailand. With an export gap of $969k.   Thermostats’s highest import potential is China with an import gap of $1.14M.

See methodology.

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