Flag North Macedonia

Econ Complexity (2018): -0.071, Rank 70 of 137

Product Exports (2018): $7.57B, Rank 100 of 222

Exports Per Capita (2018): $3.63k, Rank 152 of 219

Product Imports (2018): $9.56B, Rank 104 of 221

Imports Per Capita (2018): $4.59k, Rank 141 of 219

Service Exports (2017): $1.29B, Rank 100 of 139

Service Imports (2017): $1.1B, Rank 108 of 139

GDP (2018): $12.7B, CURRENT US$
Rank 134 of 196

GDP growth (2008 - 2018): 27.9%, CURRENT US$
Rank 118 of 196

GDP PC (2018): $6,084, CURRENT US$
Rank 102 of 196

GDP PC GROWTH (2008 - 2018): 26.9%, CURRENT US$
Rank 91 of 196

Overview: This page contains the latest international trade data for North Macedonia, including service trade data, and tariffs. In 2018 North Macedonia was the number 134 economy in the world in terms of GDP (current US$), the number 100 in total exports, the number 104 in total imports, and the number 70 most complex economy according to the Economic Complexity Index (ECI). In 2018, North Macedonia exported $7.57B and imported $9.56B, resulting in a negative trade balance of -$1.98B. In 2018, North Macedonia's exports per capita were $3.63k and its imports per capita were $4.59k.

Trade: The top exports of North Macedonia are Reaction and Catalytic Products ($1.45B), Centrifuges ($730M), Insulated Wire ($622M), Buses ($427M), and Vehicle Parts ($354M). The top imports of North Macedonia are Platinum ($1.25B), Refined Petroleum ($614M), Laboratory Ceramic Ware ($535M), Hot-Rolled Iron ($254M), and Cars ($241M).

Destinations: North Macedonia exports mostly to Germany ($3.27B), Serbia ($530M), Bulgaria ($364M), United States ($310M), and Czechia ($299M), and imports mostly from Germany ($1.37B), United Kingdom ($1.03B), Greece ($871M), Serbia ($719M), and Italy ($424M).

Location: North Macedonia borders Albania, Bulgaria, Greece, and Serbia by land.

Yearly Exports

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Top Export (2018): Reaction and Catalytic Products, $1.45B

Top Destination (2018): Germany, $3.27B

In 2018 North Macedonia exported a total of $7.57B, making it the number 100 exporter in the world. During the last five reported years the exports of North Macedonia have changed by $2.82B from $4.75B in 2013 to $7.57B in 2018.

The most recent exports are led by Reaction and Catalytic Products ($1.45B), Centrifuges ($730M), Insulated Wire ($622M), Buses ($427M), and Vehicle Parts ($354M). The most common destination for the exports of North Macedonia are Germany ($3.27B), Serbia ($530M), Bulgaria ($364M), United States ($310M), and Czechia ($299M).

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Yearly Imports

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Top Import (2018): Platinum, $1.25B

Top Origin (2018): Germany, $1.37B

In 2018 North Macedonia imported $9.56B, making it the number 104 trade destination in the world. During the last five reported years the imports of North Macedonia changed by $2.86B from $6.69B in 2013 to $9.56B in 2018.

The most recent imports of North Macedonia are led by Platinum ($1.25B), Refined Petroleum ($614M), Laboratory Ceramic Ware ($535M), Hot-Rolled Iron ($254M), and Cars ($241M). The most common import partners for North Macedonia are Germany ($1.37B), United Kingdom ($1.03B), Greece ($871M), Serbia ($719M), and Italy ($424M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

North Macedonia Exports Services (2017): $1.29B

North Macedonia Imports Services (2017): $1.1B

In 2017, North Macedonia exported $1.29B worth of services. The top services exported by North Macedonia in 2017 were Other transport ($359M), Personal travel ($327M), Miscellaneous business, professional, and technical services ($249M), Construction in the compiling economy ($141M), and Merchanting and other trade-related services ($80M).

The top services imported by North Macedonia in 2017 were Other transport ($247M), Miscellaneous business, professional, and technical services ($227M), Personal travel ($192M), Construction in the compiling economy ($167M), and Sea transport ($64.6M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for North Macedonia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for North Macedonia are Cigarettes containing tobacco (60%) and Cigars, cheroots, cigarettes, with tobacco substitute (60%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for North Macedonia are:
136: Most Favoured Nation duty rate treatement
180: Preferential tariff for CEFTA countries
217: Preferential tariff for European Free Trade Association (EFTA) countries
220: Preferential tariff for European Union countries (SAA) Stabilisation and Association Agreement
322: Preferential tariff for Turkey
325: Preferential tariff for Ukraine

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years North Macedonia's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨56th to the 70th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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North Macedonia has a high level of specialization in Reaction and Catalytic Products (173), Buses (58), Marble, Travertine and Alabaster (56.1), Lead Ore (33.5), and Raw Tobacco (31.9). Specialization is measured using RCA, an index that takes the ratio between North Macedonia observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of North Macedonia according to the product complexity index (PCI) are Wire of alloy steel except stainless steel (1.26), Parts of railway, tramway locomotives, rolling-stock (1.11), Electric lighting, signal equipment, car electrics nes (1.11), Parts and accessories for motor vehicles (1.04), and Rubber tube, pipe, hose, except hard rubber (0.93). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for North Macedonia according to the relatedness index, are Knit Sweaters (0.21), Knit Men's Suits (0.21), Knit Men's Undergarments (0.21), Knit Men's Coats (0.21), and Non-Knit Men's Undergarments (0.2). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that North Macedonia is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.