Overview: In 2019 North Macedonia was the number 133 economy in the world in terms of GDP (current US$), the number 98 in total exports, the number 102 in total imports,
the number 98 economy in terms of GDP per capita (current US$) and the number 65 most complex economy according to the Economic Complexity Index (ECI)
In 2019, North Macedonia exported a total of $7.86B, making it the number 98 exporter in the world. During the last five reported years the exports of North Macedonia have changed by $2.33B from $5.53B in 2014 to $7.86B in 2019.
In 2019 North Macedonia imported $10B, making it the number 102 trade destination in the world. During the last five reported years the imports of North Macedonia changed by $2.47B from $7.58B in 2014 to $10B in 2019.
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).
*The tariffs applied to imports for North Macedonia are:136: Most Favoured Nation duty rate treatement180: Preferential tariff for CEFTA countries217: Preferential tariff for European Free Trade Association (EFTA) countries220: Preferential tariff for European Union countries (SAA) Stabilisation and Association Agreement322: Preferential tariff for Turkey325: Preferential tariff for Ukraine
During the last 20 years North Macedonia's economy has become relatively less complex, moving from the 62nd to the 65th 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.
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.
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.