Armenia (ARM) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Armenia-North Macedonia Trade: In 2022, Armenia exported $58.1k to North Macedonia. The main products that Armenia exported to North Macedonia were Plastic Pipes ($44.7k), Chocolate ($6.13k), and Vending Machines ($3.51k). Over the past 6 years the exports of Armenia to North Macedonia have increased at an annualized rate of 394%, from $4 in 2016 to $58.1k in 2022.

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

North Macedonia-Armenia Trade: In 2022, North Macedonia exported $1.55M to Armenia. The main products that North Macedonia exported to Armenia were Packaged Medicaments ($942k), Motor vehicles; parts and accessories (8701 to 8705) ($241k), and Non-Knit Women's Suits ($59.4k). Over the past 6 years the exports of North Macedonia to Armenia have increased at an annualized rate of 28.7%, from $438k in 2016 to $1.55M in 2022.

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

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $58.1k to North Macedonia. The main products exported from Armenia to North Macedonia were Plastic Pipes ($44.7k), Chocolate ($6.13k), and Vending Machines ($3.51k). During the last 6 years the exports of Armenia to North Macedonia have increased at an annualized rate of 394%, from $4 in 2016 to $58.1k in 2022.

In 2017, North Macedonia exported $1.55M to Armenia. The main products exported from North Macedonia to Armenia were Packaged Medicaments ($942k), Motor vehicles; parts and accessories (8701 to 8705) ($241k), and Non-Knit Women's Suits ($59.4k). During the last 5 years the exports of North Macedonia to Armenia have increased at an annualized rate of 28.7%, from $438k in 2022 to $1.55M in 2017.

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

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

Latest Data

Trade between Armenia () and North Macedonia ()

Armenia Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Armenia than North Macedonia included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

In 2022, countries that imported more from North Macedonia than Armenia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

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

Comparative Advantage Armenia - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($44.7k), Foodstuffs ($6.13k), and Machines ($3.75k).

During 2017, North Macedonia had a large net trade with Armenia in the exports of Chemical Products ($945k), Transportation ($241k), and Foodstuffs ($147k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia North Macedonia+$19.1kPlastic Pipes

Top Product Potential North Macedonia Armenia+$279kMotor vehicles; parts and accessories (8701 to 8705)

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 Armenia and North Macedonia. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over North Macedonia. Similarly, a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Armenia () and North Macedonia ()

Armenia Exports

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage Armenia - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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