North Macedonia (MKD) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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North Macedonia-Malaysia Trade: In 2022, North Macedonia exported $750k to Malaysia. The main products that North Macedonia exported to Malaysia were Seats ($284k), Insulated Wire ($170k), and Low-voltage Protection Equipment ($94.7k). Over the past 5 years the exports of North Macedonia to Malaysia have decreased at an annualized rate of 15.8%, from $1.78M in 2017 to $750k in 2022.

In 2022, North Macedonia did not export any services to Malaysia.

Malaysia-North Macedonia Trade: In 2022, Malaysia exported $41.3M to North Macedonia. The main products that Malaysia exported to North Macedonia were Integrated Circuits ($19.5M), Semiconductor Devices ($3.65M), and Palm Oil ($2.85M). Over the past 5 years the exports of Malaysia to North Macedonia have increased at an annualized rate of 22.6%, from $14.9M in 2017 to $41.3M in 2022.

In 2022, Malaysia did not export any services to North Macedonia.

Comparison: In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). That same year, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $750k to Malaysia. The main products exported from North Macedonia to Malaysia were Seats ($284k), Insulated Wire ($170k), and Low-voltage Protection Equipment ($94.7k). During the last 5 years the exports of North Macedonia to Malaysia have decreased at an annualized rate of 15.8%, from $1.78M in 2017 to $750k in 2022.

In 2017, Malaysia exported $41.3M to North Macedonia. The main products exported from Malaysia to North Macedonia were Integrated Circuits ($19.5M), Semiconductor Devices ($3.65M), and Palm Oil ($2.85M). During the last 5 years the exports of Malaysia to North Macedonia have increased at an annualized rate of 22.6%, from $14.9M in 2022 to $41.3M in 2017.

Exports from North Macedonia () to Malaysia () (2022)

Exports from Malaysia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Malaysia ()

North Macedonia Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Malaysia
Top DestinationSingapore$53.8B

This map shows whether countries import more from North Macedonia or Malaysia. Each country is colored based on the difference in imports they receive from North Macedonia and Malaysia or the difference in the growth in imports.

In 2022, countries that imported more from North Macedonia than Malaysia included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

In 2022, countries that imported more from Malaysia than North Macedonia included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

Difference in imports from Malaysia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between North Macedonia and Malaysia by product, considering products traded by both, North Macedonia and Malaysia.

During 2022, North Macedonia had a large net trade with Malaysia in the exports of Machines ($359k), Miscellaneous ($284k), and Instruments ($63.5k).

During 2017, Malaysia had a large net trade with North Macedonia in the exports of Machines ($33.1M), Animal and Vegetable Bi-Products ($3.24M), and Chemical Products ($1.34M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Malaysia+$650kSeats

Top Product Potential Malaysia North Macedonia+$7.93MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of North Macedonia and Malaysia. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over North Macedonia.

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Malaysia () (2022)

Exports from Malaysia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Malaysia ()

North Macedonia Exports

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Malaysia () (2022)

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